id	sid	tid	token	lemma	pos
cblr-2946	1	1	credit	credit	NOUN
cblr-2946	1	2	rating	rating	NOUN
cblr-2946	1	3	agencies	agency	NOUN
cblr-2946	1	4	and	and	CCONJ
cblr-2946	1	5	the	the	DET
cblr-2946	1	6	credit	credit	NOUN
cblr-2946	1	7	crisis	crisis	NOUN
cblr-2946	1	8	:	:	PUNCT
cblr-2946	1	9	how	how	SCONJ
cblr-2946	1	10	the	the	DET
cblr-2946	1	11	issuer	issuer	NOUN
cblr-2946	1	12	pays	pay	VERB
cblr-2946	1	13	conflict	conflict	NOUN
cblr-2946	1	14	contributed	contribute	VERB
cblr-2946	1	15	and	and	CCONJ
cblr-2946	1	16	what	what	PRON
cblr-2946	1	17	regulators	regulator	NOUN
cblr-2946	1	18	might	might	AUX
cblr-2946	1	19	do	do	VERB
cblr-2946	1	20	about	about	ADP
cblr-2946	1	21	it	it	PRON
cblr-2946	1	22	credit	credit	NOUN
cblr-2946	1	23	rating	rating	NOUN
cblr-2946	1	24	agencies	agency	NOUN
cblr-2946	1	25	and	and	CCONJ
cblr-2946	1	26	the	the	DET
cblr-2946	1	27	credit	credit	NOUN
cblr-2946	1	28	crisis	crisis	NOUN
cblr-2946	1	29	:	:	PUNCT
cblr-2946	1	30	how	how	SCONJ
cblr-2946	1	31	the	the	DET
cblr-2946	1	32	"	"	PUNCT
cblr-2946	1	33	issuer	issuer	NOUN
cblr-2946	1	34	pays	pay	VERB
cblr-2946	1	35	"	"	PUNCT
cblr-2946	1	36	conflict	conflict	NOUN
cblr-2946	1	37	contributed	contribute	VERB
cblr-2946	1	38	and	and	CCONJ
cblr-2946	1	39	what	what	PRON
cblr-2946	1	40	regulators	regulator	NOUN
cblr-2946	1	41	might	might	AUX
cblr-2946	1	42	do	do	VERB
cblr-2946	1	43	about	about	ADP
cblr-2946	1	44	it	it	PRON
cblr-2946	1	45	deryn	deryn	PROPN
cblr-2946	1	46	darcy	darcy	PROPN
cblr-2946	1	47	*	*	PROPN
cblr-2946	1	48	i.	i.	PROPN
cblr-2946	1	49	introduction	introduction	NOUN
cblr-2946	1	50	.............................	.............................	PUNCT
cblr-2946	2	1	607	607	NUM
cblr-2946	2	2	ii	ii	NOUN
cblr-2946	2	3	.	.	PUNCT
cblr-2946	2	4	background	background	NOUN
cblr-2946	2	5	:	:	PUNCT
cblr-2946	2	6	the	the	DET
cblr-2946	2	7	agencies	agency	NOUN
cblr-2946	2	8	,	,	PUNCT
cblr-2946	2	9	the	the	DET
cblr-2946	2	10	ratings	rating	NOUN
cblr-2946	2	11	,	,	PUNCT
cblr-2946	2	12	and	and	CCONJ
cblr-2946	2	13	the	the	DET
cblr-2946	2	14	c	c	PROPN
cblr-2946	2	15	risis	risis	PROPN
cblr-2946	2	16	...........................................................................	...........................................................................	PUNCT
cblr-2946	2	17	6	6	NUM
cblr-2946	2	18	08	08	NUM
cblr-2946	2	19	a.	a.	NOUN
cblr-2946	2	20	the	the	DET
cblr-2946	2	21	credit	credit	NOUN
cblr-2946	2	22	rating	rating	NOUN
cblr-2946	2	23	agencies	agency	NOUN
cblr-2946	2	24	and	and	CCONJ
cblr-2946	2	25	credit	credit	NOUN
cblr-2946	2	26	r	r	NOUN
cblr-2946	2	27	atin	atin	PROPN
cblr-2946	2	28	gs	gs	PROPN
cblr-2946	2	29	.................................................................	.................................................................	PUNCT
cblr-2946	2	30	608	608	NUM
cblr-2946	2	31	b	b	NOUN
cblr-2946	2	32	.	.	PUNCT
cblr-2946	3	1	the	the	DET
cblr-2946	3	2	credit	credit	NOUN
cblr-2946	3	3	crisis	crisis	NOUN
cblr-2946	3	4	.................................................	.................................................	PUNCT
cblr-2946	4	1	613	613	NUM
cblr-2946	4	2	1	1	NUM
cblr-2946	4	3	.	.	PUNCT
cblr-2946	4	4	subprime	subprime	ADJ
cblr-2946	4	5	mortgage	mortgage	NOUN
cblr-2946	4	6	origination	origination	NOUN
cblr-2946	4	7	....................	....................	PUNCT
cblr-2946	5	1	613	613	NUM
cblr-2946	5	2	2	2	NUM
cblr-2946	5	3	.	.	PUNCT
cblr-2946	5	4	securitization	securitization	NOUN
cblr-2946	5	5	of	of	ADP
cblr-2946	5	6	subprime	subprime	ADJ
cblr-2946	5	7	mortgages	mortgage	NOUN
cblr-2946	5	8	into	into	ADP
cblr-2946	5	9	rm	rm	PROPN
cblr-2946	5	10	bs	bs	NOUN
cblr-2946	5	11	and	and	CCONJ
cblr-2946	5	12	cdos	cdo	NOUN
cblr-2946	5	13	............................................	............................................	PUNCT
cblr-2946	6	1	615	615	NUM
cblr-2946	6	2	3	3	NUM
cblr-2946	6	3	.	.	PUNCT
cblr-2946	7	1	the	the	DET
cblr-2946	7	2	role	role	NOUN
cblr-2946	7	3	of	of	ADP
cblr-2946	7	4	cras	cras	PROPN
cblr-2946	7	5	in	in	ADP
cblr-2946	7	6	securitization	securitization	NOUN
cblr-2946	7	7	...............	...............	PUNCT
cblr-2946	7	8	616	616	NUM
cblr-2946	7	9	4	4	NUM
cblr-2946	7	10	.	.	PUNCT
cblr-2946	8	1	the	the	DET
cblr-2946	8	2	burst	burst	NOUN
cblr-2946	8	3	of	of	ADP
cblr-2946	8	4	the	the	DET
cblr-2946	8	5	housing	housing	NOUN
cblr-2946	8	6	bubble	bubble	NOUN
cblr-2946	8	7	and	and	CCONJ
cblr-2946	8	8	why	why	SCONJ
cblr-2946	8	9	fingers	finger	NOUN
cblr-2946	8	10	are	be	AUX
cblr-2946	8	11	pointing	point	VERB
cblr-2946	8	12	at	at	ADP
cblr-2946	8	13	the	the	DET
cblr-2946	8	14	cras	cras	X
cblr-2946	8	15	.................	.................	PUNCT
cblr-2946	8	16	619	619	NUM
cblr-2946	8	17	iii	iii	NOUN
cblr-2946	8	18	.	.	PUNCT
cblr-2946	9	1	the	the	DET
cblr-2946	9	2	"	"	PUNCT
cblr-2946	9	3	issuer	issuer	NOUN
cblr-2946	9	4	pays	pay	VERB
cblr-2946	9	5	"	"	PUNCT
cblr-2946	9	6	conflict	conflict	NOUN
cblr-2946	9	7	.........................................	.........................................	PUNCT
cblr-2946	9	8	622	622	NUM
cblr-2946	9	9	a.	a.	NOUN
cblr-2946	9	10	historical	historical	ADJ
cblr-2946	9	11	characteristics	characteristic	NOUN
cblr-2946	9	12	making	make	VERB
cblr-2946	9	13	cras	cra	NOUN
cblr-2946	9	14	vulnerable	vulnerable	ADJ
cblr-2946	9	15	to	to	ADP
cblr-2946	9	16	the	the	DET
cblr-2946	9	17	"	"	PUNCT
cblr-2946	9	18	issuer	issuer	NOUN
cblr-2946	9	19	pays	pay	VERB
cblr-2946	9	20	"	"	PUNCT
cblr-2946	9	21	conflict	conflict	NOUN
cblr-2946	9	22	............	............	PUNCT
cblr-2946	9	23	624	624	NUM
cblr-2946	9	24	1	1	NUM
cblr-2946	9	25	.	.	PUNCT
cblr-2946	9	26	ratings	rating	NOUN
cblr-2946	9	27	-	-	PUNCT
cblr-2946	9	28	based	base	VERB
cblr-2946	9	29	regulation	regulation	NOUN
cblr-2946	9	30	..............................	..............................	PUNCT
cblr-2946	9	31	624	624	NUM
cblr-2946	9	32	2	2	NUM
cblr-2946	9	33	.	.	PUNCT
cblr-2946	9	34	lack	lack	NOUN
cblr-2946	9	35	of	of	ADP
cblr-2946	9	36	transparency	transparency	NOUN
cblr-2946	9	37	in	in	ADP
cblr-2946	9	38	ratings	rating	NOUN
cblr-2946	9	39	process	process	NOUN
cblr-2946	9	40	.....	.....	PUNCT
cblr-2946	9	41	628	628	NUM
cblr-2946	9	42	3	3	NUM
cblr-2946	9	43	.	.	PUNCT
cblr-2946	9	44	lack	lack	NOUN
cblr-2946	9	45	of	of	ADP
cblr-2946	9	46	accountability	accountability	NOUN
cblr-2946	9	47	....................................	....................................	PUNCT
cblr-2946	9	48	629	629	NUM
cblr-2946	9	49	a.	a.	NOUN
cblr-2946	9	50	regulatory	regulatory	ADJ
cblr-2946	9	51	accountability	accountability	NOUN
cblr-2946	9	52	........................	........................	PUNCT
cblr-2946	9	53	630	630	NUM
cblr-2946	9	54	b.	b.	NOUN
cblr-2946	9	55	private	private	ADJ
cblr-2946	9	56	legal	legal	ADJ
cblr-2946	9	57	liability	liability	NOUN
cblr-2946	9	58	.............................	.............................	PUNCT
cblr-2946	9	59	631	631	NUM
cblr-2946	9	60	b.	b.	NOUN
cblr-2946	9	61	pre-"credit	pre-"credit	NOUN
cblr-2946	9	62	crisis	crisis	NOUN
cblr-2946	9	63	"	"	PUNCT
cblr-2946	9	64	consensus	consensus	NOUN
cblr-2946	9	65	:	:	PUNCT
cblr-2946	9	66	cras	cra	NOUN
cblr-2946	9	67	not	not	PART
cblr-2946	9	68	compromised	compromise	VERB
cblr-2946	9	69	by	by	ADP
cblr-2946	9	70	conflicts	conflict	NOUN
cblr-2946	9	71	of	of	ADP
cblr-2946	9	72	interest	interest	NOUN
cblr-2946	9	73	................	................	PUNCT
cblr-2946	10	1	633	633	NUM
cblr-2946	10	2	*	*	PUNCT
cblr-2946	10	3	j.d	j.d	PROPN
cblr-2946	10	4	.	.	PROPN
cblr-2946	10	5	candidate	candidate	NOUN
cblr-2946	10	6	2010	2010	NUM
cblr-2946	10	7	,	,	PUNCT
cblr-2946	10	8	columbia	columbia	PROPN
cblr-2946	10	9	university	university	PROPN
cblr-2946	10	10	school	school	NOUN
cblr-2946	10	11	of	of	ADP
cblr-2946	10	12	law	law	NOUN
cblr-2946	10	13	;	;	PUNCT
cblr-2946	10	14	b.s	b.s	PROPN
cblr-2946	10	15	.	.	PROPN
cblr-2946	10	16	economics	economics	PROPN
cblr-2946	10	17	2004	2004	NUM
cblr-2946	10	18	,	,	PUNCT
cblr-2946	10	19	the	the	DET
cblr-2946	10	20	wharton	wharton	PROPN
cblr-2946	10	21	school	school	NOUN
cblr-2946	10	22	,	,	PUNCT
cblr-2946	10	23	university	university	NOUN
cblr-2946	10	24	of	of	ADP
cblr-2946	10	25	pennsylvania	pennsylvania	PROPN
cblr-2946	10	26	.	.	PUNCT
cblr-2946	11	1	the	the	DET
cblr-2946	11	2	author	author	NOUN
cblr-2946	11	3	offers	offer	VERB
cblr-2946	11	4	her	her	PRON
cblr-2946	11	5	sincerest	sincere	ADJ
cblr-2946	11	6	thanks	thank	NOUN
cblr-2946	11	7	to	to	ADP
cblr-2946	11	8	professor	professor	PROPN
cblr-2946	11	9	avery	avery	PROPN
cblr-2946	11	10	katz	katz	PROPN
cblr-2946	11	11	for	for	ADP
cblr-2946	11	12	his	his	PRON
cblr-2946	11	13	insightful	insightful	ADJ
cblr-2946	11	14	guidance	guidance	NOUN
cblr-2946	11	15	,	,	PUNCT
cblr-2946	11	16	feedback	feedback	NOUN
cblr-2946	11	17	,	,	PUNCT
cblr-2946	11	18	and	and	CCONJ
cblr-2946	11	19	general	general	ADJ
cblr-2946	11	20	mentorship	mentorship	NOUN
cblr-2946	11	21	.	.	PUNCT
cblr-2946	12	1	she	she	PRON
cblr-2946	12	2	would	would	AUX
cblr-2946	12	3	also	also	ADV
cblr-2946	12	4	like	like	VERB
cblr-2946	12	5	to	to	PART
cblr-2946	12	6	thank	thank	VERB
cblr-2946	12	7	professors	professor	NOUN
cblr-2946	12	8	merritt	merritt	PROPN
cblr-2946	12	9	fox	fox	PROPN
cblr-2946	12	10	,	,	PUNCT
cblr-2946	12	11	victor	victor	PROPN
cblr-2946	12	12	goldberg	goldberg	PROPN
cblr-2946	12	13	,	,	PUNCT
cblr-2946	12	14	and	and	CCONJ
cblr-2946	12	15	ronald	ronald	PROPN
cblr-2946	12	16	mann	mann	PROPN
cblr-2946	12	17	for	for	ADP
cblr-2946	12	18	their	their	PRON
cblr-2946	12	19	helpful	helpful	ADJ
cblr-2946	12	20	research	research	NOUN
cblr-2946	12	21	suggestions	suggestion	NOUN
cblr-2946	12	22	,	,	PUNCT
cblr-2946	12	23	and	and	CCONJ
cblr-2946	12	24	kevin	kevin	PROPN
cblr-2946	12	25	coco	coco	PROPN
cblr-2946	12	26	and	and	CCONJ
cblr-2946	12	27	the	the	DET
cblr-2946	12	28	survey	survey	NOUN
cblr-2946	12	29	team	team	NOUN
cblr-2946	12	30	for	for	ADP
cblr-2946	12	31	their	their	PRON
cblr-2946	12	32	valuable	valuable	ADJ
cblr-2946	12	33	comments	comment	NOUN
cblr-2946	12	34	.	.	PUNCT
cblr-2946	13	1	last	last	ADJ
cblr-2946	13	2	,	,	PUNCT
cblr-2946	13	3	but	but	CCONJ
cblr-2946	13	4	certainly	certainly	ADV
cblr-2946	13	5	not	not	PART
cblr-2946	13	6	least	least	ADJ
cblr-2946	13	7	,	,	PUNCT
cblr-2946	13	8	she	she	PRON
cblr-2946	13	9	is	be	AUX
cblr-2946	13	10	grateful	grateful	ADJ
cblr-2946	13	11	to	to	ADP
cblr-2946	13	12	her	her	PRON
cblr-2946	13	13	husband	husband	NOUN
cblr-2946	13	14	and	and	CCONJ
cblr-2946	13	15	parents	parent	NOUN
cblr-2946	13	16	for	for	ADP
cblr-2946	13	17	their	their	PRON
cblr-2946	13	18	endless	endless	ADJ
cblr-2946	13	19	support	support	NOUN
cblr-2946	13	20	.	.	PUNCT
cblr-2946	14	1	columbia	columbia	PROPN
cblr-2946	14	2	business	business	PROPN
cblr-2946	14	3	law	law	PROPN
cblr-2946	14	4	review	review	VERB
cblr-2946	14	5	c.	c.	PROPN
cblr-2946	14	6	structured	structure	VERB
cblr-2946	14	7	finance	finance	NOUN
cblr-2946	14	8	ratings	rating	NOUN
cblr-2946	14	9	are	be	AUX
cblr-2946	14	10	more	more	ADV
cblr-2946	14	11	likely	likely	ADV
cblr-2946	14	12	compromised	compromise	VERB
cblr-2946	14	13	by	by	ADP
cblr-2946	14	14	the	the	DET
cblr-2946	14	15	"	"	PUNCT
cblr-2946	14	16	issuer	issuer	NOUN
cblr-2946	14	17	pays	pay	VERB
cblr-2946	14	18	"	"	PUNCT
cblr-2946	14	19	conflict	conflict	NOUN
cblr-2946	14	20	.......	.......	PUNCT
cblr-2946	15	1	636	636	NUM
cblr-2946	15	2	1	1	NUM
cblr-2946	15	3	.	.	PUNCT
cblr-2946	16	1	the	the	DET
cblr-2946	16	2	growth	growth	NOUN
cblr-2946	16	3	of	of	ADP
cblr-2946	16	4	structured	structured	ADJ
cblr-2946	16	5	finance	finance	NOUN
cblr-2946	16	6	products	product	NOUN
cblr-2946	16	7	638	638	NUM
cblr-2946	16	8	2	2	NUM
cblr-2946	16	9	.	.	PUNCT
cblr-2946	17	1	the	the	DET
cblr-2946	17	2	concentration	concentration	NOUN
cblr-2946	17	3	of	of	ADP
cblr-2946	17	4	the	the	DET
cblr-2946	17	5	customer	customer	NOUN
cblr-2946	17	6	base	base	NOUN
cblr-2946	17	7	.....	.....	PUNCT
cblr-2946	18	1	639	639	NUM
cblr-2946	18	2	3	3	NUM
cblr-2946	18	3	.	.	PUNCT
cblr-2946	19	1	the	the	DET
cblr-2946	19	2	structured	structured	ADJ
cblr-2946	19	3	finance	finance	NOUN
cblr-2946	19	4	ratings	rating	NOUN
cblr-2946	19	5	process	process	NOUN
cblr-2946	19	6	......	......	PUNCT
cblr-2946	19	7	640	640	NUM
cblr-2946	19	8	4	4	NUM
cblr-2946	19	9	.	.	PUNCT
cblr-2946	20	1	a	a	DET
cblr-2946	20	2	summary	summary	NOUN
cblr-2946	20	3	,	,	PUNCT
cblr-2946	20	4	and	and	CCONJ
cblr-2946	20	5	where	where	SCONJ
cblr-2946	20	6	do	do	AUX
cblr-2946	20	7	we	we	PRON
cblr-2946	20	8	go	go	VERB
cblr-2946	20	9	from	from	ADP
cblr-2946	20	10	h	h	PROPN
cblr-2946	20	11	ere	ere	PROPN
cblr-2946	20	12	?	?	PUNCT
cblr-2946	20	13	..................................	..................................	PUNCT
cblr-2946	20	14	.	.	PUNCT
cblr-2946	20	15	.	.	PUNCT
cblr-2946	20	16	.	.	PUNCT
cblr-2946	20	17	.	.	PUNCT
cblr-2946	20	18	.	.	PUNCT
cblr-2946	20	19	.	.	PUNCT
cblr-2946	20	20	.	.	PUNCT
cblr-2946	20	21	.	.	PUNCT
cblr-2946	20	22	.	.	PUNCT
cblr-2946	20	23	.	.	PUNCT
cblr-2946	20	24	.	.	PUNCT
cblr-2946	20	25	.	.	PUNCT
cblr-2946	20	26	.	.	PUNCT
cblr-2946	20	27	.	.	PUNCT
cblr-2946	20	28	.	.	PUNCT
cblr-2946	20	29	.	.	PUNCT
cblr-2946	20	30	.	.	PUNCT
cblr-2946	20	31	.	.	PUNCT
cblr-2946	20	32	.	.	PUNCT
cblr-2946	20	33	.	.	PUNCT
cblr-2946	20	34	.	.	PUNCT
cblr-2946	20	35	.	.	PUNCT
cblr-2946	20	36	.	.	PUNCT
cblr-2946	20	37	.	.	PUNCT
cblr-2946	20	38	.	.	PUNCT
cblr-2946	20	39	.	.	PUNCT
cblr-2946	20	40	.	.	PUNCT
cblr-2946	21	1	.	.	PUNCT
cblr-2946	22	1	.	.	PUNCT
cblr-2946	23	1	642	642	NUM
cblr-2946	23	2	iv	iv	NOUN
cblr-2946	23	3	.	.	PUNCT
cblr-2946	24	1	countering	counter	VERB
cblr-2946	24	2	the	the	DET
cblr-2946	24	3	"	"	PUNCT
cblr-2946	24	4	issuer	issuer	NOUN
cblr-2946	24	5	pays	pay	VERB
cblr-2946	24	6	"	"	PUNCT
cblr-2946	24	7	conflict	conflict	NOUN
cblr-2946	24	8	:	:	PUNCT
cblr-2946	24	9	is	be	AUX
cblr-2946	24	10	disclosure	disclosure	NOUN
cblr-2946	24	11	suffi	suffi	NOUN
cblr-2946	24	12	cient	cient	NOUN
cblr-2946	24	13	?	?	PUNCT
cblr-2946	24	14	...........................	...........................	PUNCT
cblr-2946	24	15	.	.	PUNCT
cblr-2946	24	16	.	.	PUNCT
cblr-2946	24	17	.	.	PUNCT
cblr-2946	24	18	.	.	PUNCT
cblr-2946	24	19	.	.	PUNCT
cblr-2946	24	20	.	.	PUNCT
cblr-2946	24	21	.	.	PUNCT
cblr-2946	24	22	.	.	PUNCT
cblr-2946	24	23	.	.	PUNCT
cblr-2946	24	24	.	.	PUNCT
cblr-2946	24	25	.	.	PUNCT
cblr-2946	24	26	.	.	PUNCT
cblr-2946	24	27	.	.	PUNCT
cblr-2946	24	28	.	.	PUNCT
cblr-2946	24	29	.	.	PUNCT
cblr-2946	24	30	.	.	PUNCT
cblr-2946	24	31	.	.	PUNCT
cblr-2946	24	32	.	.	PUNCT
cblr-2946	24	33	.	.	PUNCT
cblr-2946	24	34	.	.	PUNCT
cblr-2946	24	35	.	.	PUNCT
cblr-2946	24	36	.	.	PUNCT
cblr-2946	25	1	645	645	NUM
cblr-2946	25	2	a.	a.	NOUN
cblr-2946	25	3	current	current	NOUN
cblr-2946	25	4	and	and	CCONJ
cblr-2946	25	5	proposed	propose	VERB
cblr-2946	25	6	disclosure	disclosure	NOUN
cblr-2946	25	7	-	-	PUNCT
cblr-2946	25	8	based	base	VERB
cblr-2946	25	9	r	r	NOUN
cblr-2946	25	10	egulations	egulation	NOUN
cblr-2946	25	11	..........................................................	..........................................................	PUNCT
cblr-2946	26	1	646	646	NUM
cblr-2946	26	2	1	1	NUM
cblr-2946	26	3	.	.	PUNCT
cblr-2946	27	1	the	the	DET
cblr-2946	27	2	original	original	ADJ
cblr-2946	27	3	regulatory	regulatory	ADJ
cblr-2946	27	4	requirements	requirement	NOUN
cblr-2946	27	5	........	........	PUNCT
cblr-2946	27	6	646	646	NUM
cblr-2946	27	7	2	2	NUM
cblr-2946	27	8	.	.	PUNCT
cblr-2946	27	9	rules	rule	NOUN
cblr-2946	27	10	amendments	amendment	NOUN
cblr-2946	27	11	adopted	adopt	VERB
cblr-2946	27	12	in	in	ADP
cblr-2946	27	13	december	december	PROPN
cblr-2946	27	14	2	2	NUM
cblr-2946	27	15	008	008	NUM
cblr-2946	27	16	.................................................................	.................................................................	SYM
cblr-2946	27	17	64	64	NUM
cblr-2946	27	18	8	8	NUM
cblr-2946	27	19	3	3	NUM
cblr-2946	27	20	.	.	PUNCT
cblr-2946	27	21	proposed	propose	VERB
cblr-2946	27	22	amendments	amendment	NOUN
cblr-2946	27	23	...................................	...................................	PUNCT
cblr-2946	27	24	650	650	NUM
cblr-2946	27	25	b.	b.	NOUN
cblr-2946	27	26	the	the	DET
cblr-2946	27	27	theory	theory	NOUN
cblr-2946	27	28	underlying	underlie	VERB
cblr-2946	27	29	disclosure	disclosure	NOUN
cblr-2946	27	30	-	-	PUNCT
cblr-2946	27	31	based	base	VERB
cblr-2946	27	32	r	r	NOUN
cblr-2946	27	33	egulations	egulation	NOUN
cblr-2946	27	34	..........................................................	..........................................................	PUNCT
cblr-2946	27	35	651	651	NUM
cblr-2946	27	36	c.	c.	NOUN
cblr-2946	27	37	why	why	SCONJ
cblr-2946	27	38	disclosure	disclosure	NOUN
cblr-2946	27	39	is	be	AUX
cblr-2946	27	40	insufficient	insufficient	ADJ
cblr-2946	27	41	for	for	ADP
cblr-2946	27	42	deterring	deter	VERB
cblr-2946	27	43	cras	cra	NOUN
cblr-2946	27	44	from	from	ADP
cblr-2946	27	45	compromising	compromise	VERB
cblr-2946	27	46	ratings	rating	NOUN
cblr-2946	27	47	.....................	.....................	PUNCT
cblr-2946	27	48	653	653	NUM
cblr-2946	27	49	1	1	NUM
cblr-2946	27	50	.	.	PUNCT
cblr-2946	27	51	failure	failure	NOUN
cblr-2946	27	52	to	to	AUX
cblr-2946	27	53	perceive	perceive	VERB
cblr-2946	27	54	or	or	CCONJ
cblr-2946	27	55	anticipate	anticipate	VERB
cblr-2946	27	56	relevant	relevant	ADJ
cblr-2946	27	57	differences	difference	NOUN
cblr-2946	27	58	between	between	ADP
cblr-2946	27	59	structured	structured	ADJ
cblr-2946	27	60	finance	finance	NOUN
cblr-2946	27	61	and	and	CCONJ
cblr-2946	27	62	traditional	traditional	ADJ
cblr-2946	27	63	products	product	NOUN
cblr-2946	27	64	...............................	...............................	PUNCT
cblr-2946	28	1	654	654	NUM
cblr-2946	28	2	2	2	NUM
cblr-2946	28	3	.	.	PUNCT
cblr-2946	28	4	failure	failure	NOUN
cblr-2946	28	5	to	to	PART
cblr-2946	28	6	understand	understand	VERB
cblr-2946	28	7	the	the	DET
cblr-2946	28	8	rated	rate	VERB
cblr-2946	28	9	instruments	instrument	NOUN
cblr-2946	28	10	themselves	themselves	PRON
cblr-2946	28	11	................................	................................	PUNCT
cblr-2946	28	12	655	655	NUM
cblr-2946	28	13	3	3	NUM
cblr-2946	28	14	.	.	PUNCT
cblr-2946	28	15	failure	failure	NOUN
cblr-2946	28	16	to	to	PART
cblr-2946	28	17	question	question	VERB
cblr-2946	28	18	the	the	DET
cblr-2946	28	19	accuracy	accuracy	NOUN
cblr-2946	28	20	of	of	ADP
cblr-2946	28	21	ratings	rating	NOUN
cblr-2946	28	22	.	.	PUNCT
cblr-2946	29	1	657	657	NUM
cblr-2946	29	2	4	4	NUM
cblr-2946	29	3	.	.	PUNCT
cblr-2946	29	4	ratings	rating	NOUN
cblr-2946	29	5	-	-	PUNCT
cblr-2946	29	6	based	base	VERB
cblr-2946	29	7	regulation	regulation	NOUN
cblr-2946	29	8	...............................	...............................	PUNCT
cblr-2946	29	9	658	658	NUM
cblr-2946	29	10	v.	v.	ADP
cblr-2946	29	11	performance	performance	NOUN
cblr-2946	29	12	-	-	PUNCT
cblr-2946	29	13	based	base	VERB
cblr-2946	29	14	sanctions	sanction	NOUN
cblr-2946	29	15	as	as	ADP
cblr-2946	29	16	a	a	DET
cblr-2946	29	17	solution	solution	NOUN
cblr-2946	29	18	?	?	PUNCT
cblr-2946	29	19	......	......	PUNCT
cblr-2946	29	20	.	.	PUNCT
cblr-2946	29	21	.	.	PUNCT
cblr-2946	29	22	.	.	PUNCT
cblr-2946	29	23	.	.	PUNCT
cblr-2946	30	1	.	.	PUNCT
cblr-2946	31	1	658	658	NUM
cblr-2946	31	2	a.	a.	NOUN
cblr-2946	31	3	an	an	DET
cblr-2946	31	4	overview	overview	NOUN
cblr-2946	31	5	of	of	ADP
cblr-2946	31	6	two	two	NUM
cblr-2946	31	7	proposals	proposal	NOUN
cblr-2946	31	8	............................	............................	PUNCT
cblr-2946	31	9	660	660	NUM
cblr-2946	31	10	1	1	NUM
cblr-2946	31	11	.	.	PUNCT
cblr-2946	32	1	the	the	DET
cblr-2946	32	2	coffee	coffee	NOUN
cblr-2946	32	3	proposal	proposal	NOUN
cblr-2946	32	4	........................................	........................................	PUNCT
cblr-2946	32	5	660	660	NUM
cblr-2946	32	6	2	2	NUM
cblr-2946	32	7	.	.	PUNCT
cblr-2946	33	1	the	the	DET
cblr-2946	33	2	hunt	hunt	NOUN
cblr-2946	33	3	proposal	proposal	NOUN
cblr-2946	33	4	.........................................	.........................................	PUNCT
cblr-2946	33	5	661	661	NUM
cblr-2946	33	6	3	3	NUM
cblr-2946	33	7	.	.	PUNCT
cblr-2946	34	1	a	a	DET
cblr-2946	34	2	comparison	comparison	NOUN
cblr-2946	34	3	of	of	ADP
cblr-2946	34	4	the	the	DET
cblr-2946	34	5	attributes	attribute	NOUN
cblr-2946	34	6	.....................	.....................	PUNCT
cblr-2946	34	7	662	662	NUM
cblr-2946	34	8	b.	b.	NOUN
cblr-2946	34	9	shared	share	VERB
cblr-2946	34	10	positives	positive	NOUN
cblr-2946	34	11	and	and	CCONJ
cblr-2946	34	12	negatives	negative	NOUN
cblr-2946	34	13	.........................	.........................	PUNCT
cblr-2946	34	14	663	663	NUM
cblr-2946	34	15	c.	c.	NOUN
cblr-2946	34	16	a	a	DET
cblr-2946	34	17	comparative	comparative	ADJ
cblr-2946	34	18	critique	critique	NOUN
cblr-2946	34	19	......................................	......................................	PUNCT
cblr-2946	35	1	665	665	NUM
cblr-2946	35	2	v	v	ADP
cblr-2946	35	3	i.	i.	NOUN
cblr-2946	35	4	c	c	PROPN
cblr-2946	35	5	onclusion	onclusion	PROPN
cblr-2946	35	6	......................................................................	......................................................................	PUNCT
cblr-2946	36	1	666	666	NUM
cblr-2946	37	1	[	[	X
cblr-2946	37	2	vol	vol	NOUN
cblr-2946	37	3	.	.	PUNCT
cblr-2946	37	4	2009	2009	NUM
cblr-2946	37	5	no	no	NOUN
cblr-2946	37	6	.	.	PUNCT
cblr-2946	38	1	2:605	2:605	NUM
cblr-2946	38	2	]	]	X
cblr-2946	38	3	credit	credit	NOUN
cblr-2946	38	4	rating	rating	NOUN
cblr-2946	38	5	agencies	agency	NOUN
cblr-2946	38	6	and	and	CCONJ
cblr-2946	38	7	the	the	DET
cblr-2946	38	8	credit	credit	NOUN
cblr-2946	38	9	crisis	crisis	NOUN
cblr-2946	38	10	607	607	NUM
cblr-2946	38	11	i.	i.	NOUN
cblr-2946	38	12	introduction	introduction	NOUN
cblr-2946	38	13	"	"	PUNCT
cblr-2946	38	14	the	the	DET
cblr-2946	38	15	story	story	NOUN
cblr-2946	38	16	of	of	ADP
cblr-2946	38	17	the	the	DET
cblr-2946	38	18	credit	credit	NOUN
cblr-2946	38	19	rating	rating	NOUN
cblr-2946	38	20	agencies	agency	NOUN
cblr-2946	38	21	is	be	AUX
cblr-2946	38	22	a	a	DET
cblr-2946	38	23	story	story	NOUN
cblr-2946	38	24	of	of	ADP
cblr-2946	38	25	colossal	colossal	ADJ
cblr-2946	38	26	failure	failure	NOUN
cblr-2946	38	27	.	.	PUNCT
cblr-2946	39	1	"	"	PUNCT
cblr-2946	39	2	'	'	PUNCT
cblr-2946	39	3	all	all	ADV
cblr-2946	39	4	good	good	ADJ
cblr-2946	39	5	--	--	PUNCT
cblr-2946	39	6	or	or	CCONJ
cblr-2946	39	7	at	at	ADP
cblr-2946	39	8	least	least	ADJ
cblr-2946	39	9	interesting	interesting	ADJ
cblr-2946	39	10	-	-	PUNCT
cblr-2946	39	11	stories	story	NOUN
cblr-2946	39	12	have	have	VERB
cblr-2946	39	13	a	a	DET
cblr-2946	39	14	villain	villain	NOUN
cblr-2946	39	15	,	,	PUNCT
cblr-2946	39	16	and	and	CCONJ
cblr-2946	39	17	as	as	SCONJ
cblr-2946	39	18	the	the	DET
cblr-2946	39	19	credit	credit	NOUN
cblr-2946	39	20	crisis	crisis	NOUN
cblr-2946	39	21	started	start	VERB
cblr-2946	39	22	to	to	PART
cblr-2946	39	23	unfold	unfold	VERB
cblr-2946	39	24	in	in	ADP
cblr-2946	39	25	2007	2007	NUM
cblr-2946	39	26	,	,	PUNCT
cblr-2946	39	27	credit	credit	NOUN
cblr-2946	39	28	rating	rating	NOUN
cblr-2946	39	29	agencies	agency	NOUN
cblr-2946	39	30	(	(	PUNCT
cblr-2946	39	31	"	"	PUNCT
cblr-2946	39	32	cras	cras	X
cblr-2946	39	33	"	"	PUNCT
cblr-2946	39	34	)	)	PUNCT
cblr-2946	39	35	emerged	emerge	VERB
cblr-2946	39	36	as	as	ADP
cblr-2946	39	37	obvious	obvious	ADJ
cblr-2946	39	38	targets	target	NOUN
cblr-2946	39	39	for	for	ADP
cblr-2946	39	40	fingerpointing	fingerpointe	VERB
cblr-2946	39	41	by	by	ADP
cblr-2946	39	42	regulators	regulator	NOUN
cblr-2946	39	43	,	,	PUNCT
cblr-2946	39	44	scholars	scholar	NOUN
cblr-2946	39	45	,	,	PUNCT
cblr-2946	39	46	and	and	CCONJ
cblr-2946	39	47	commentators	commentator	NOUN
cblr-2946	39	48	alike	alike	ADV
cblr-2946	39	49	.	.	PUNCT
cblr-2946	39	50	'	'	PUNCT
cblr-2946	40	1	in	in	ADP
cblr-2946	40	2	short	short	ADJ
cblr-2946	40	3	,	,	PUNCT
cblr-2946	40	4	many	many	ADJ
cblr-2946	40	5	observers	observer	NOUN
cblr-2946	40	6	have	have	AUX
cblr-2946	40	7	accused	accuse	VERB
cblr-2946	40	8	the	the	DET
cblr-2946	40	9	agencies	agency	NOUN
cblr-2946	40	10	of	of	ADP
cblr-2946	40	11	doing	do	VERB
cblr-2946	40	12	a	a	DET
cblr-2946	40	13	poor	poor	ADJ
cblr-2946	40	14	job	job	NOUN
cblr-2946	40	15	assessing	assess	VERB
cblr-2946	40	16	the	the	DET
cblr-2946	40	17	risks	risk	NOUN
cblr-2946	40	18	inherent	inherent	ADJ
cblr-2946	40	19	in	in	ADP
cblr-2946	40	20	securities	security	NOUN
cblr-2946	40	21	backed	back	VERB
cblr-2946	40	22	by	by	ADP
cblr-2946	40	23	subprime	subprime	ADJ
cblr-2946	40	24	mortgages	mortgage	NOUN
cblr-2946	40	25	.	.	PUNCT
cblr-2946	41	1	i	i	PRON
cblr-2946	41	2	these	these	DET
cblr-2946	41	3	securitiesparticularly	securitiesparticularly	ADV
cblr-2946	41	4	residential	residential	ADJ
cblr-2946	41	5	mortgage	mortgage	NOUN
cblr-2946	41	6	-	-	PUNCT
cblr-2946	41	7	backed	back	VERB
cblr-2946	41	8	securities	security	NOUN
cblr-2946	41	9	(	(	PUNCT
cblr-2946	41	10	"	"	PUNCT
cblr-2946	41	11	rmbs	rmbs	X
cblr-2946	41	12	"	"	PUNCT
cblr-2946	41	13	)	)	PUNCT
cblr-2946	41	14	and	and	CCONJ
cblr-2946	41	15	collateralized	collateralized	ADJ
cblr-2946	41	16	debt	debt	NOUN
cblr-2946	41	17	obligations	obligation	NOUN
cblr-2946	41	18	(	(	PUNCT
cblr-2946	41	19	"	"	PUNCT
cblr-2946	41	20	cdos	cdo	NOUN
cblr-2946	41	21	"	"	PUNCT
cblr-2946	41	22	)	)	PUNCT
cblr-2946	41	23	backed	back	VERB
cblr-2946	41	24	by	by	ADP
cblr-2946	41	25	subprime	subprime	ADJ
cblr-2946	41	26	mortgages	mortgage	NOUN
cblr-2946	41	27	-	-	PUNCT
cblr-2946	41	28	have	have	AUX
cblr-2946	41	29	been	be	AUX
cblr-2946	41	30	at	at	ADP
cblr-2946	41	31	the	the	DET
cblr-2946	41	32	center	center	NOUN
cblr-2946	41	33	of	of	ADP
cblr-2946	41	34	the	the	DET
cblr-2946	41	35	credit	credit	NOUN
cblr-2946	41	36	crisis	crisis	NOUN
cblr-2946	41	37	,	,	PUNCT
cblr-2946	41	38	and	and	CCONJ
cblr-2946	41	39	many	many	ADJ
cblr-2946	41	40	assert	assert	VERB
cblr-2946	41	41	that	that	SCONJ
cblr-2946	41	42	these	these	DET
cblr-2946	41	43	instruments	instrument	NOUN
cblr-2946	41	44	would	would	AUX
cblr-2946	41	45	not	not	PART
cblr-2946	41	46	have	have	AUX
cblr-2946	41	47	been	be	AUX
cblr-2946	41	48	as	as	ADV
cblr-2946	41	49	marketable	marketable	ADJ
cblr-2946	41	50	without	without	ADP
cblr-2946	41	51	the	the	DET
cblr-2946	41	52	cras	cras	X
cblr-2946	41	53	'	'	PART
cblr-2946	41	54	perceived	perceive	VERB
cblr-2946	41	55	seal	seal	NOUN
cblr-2946	41	56	of	of	ADP
cblr-2946	41	57	approval.4	approval.4	NOUN
cblr-2946	41	58	why	why	SCONJ
cblr-2946	41	59	did	do	AUX
cblr-2946	41	60	the	the	DET
cblr-2946	41	61	agencies	agency	NOUN
cblr-2946	41	62	perform	perform	VERB
cblr-2946	41	63	so	so	ADV
cblr-2946	41	64	poorly	poorly	ADV
cblr-2946	41	65	?	?	PUNCT
cblr-2946	42	1	there	there	PRON
cblr-2946	42	2	are	be	VERB
cblr-2946	42	3	likely	likely	ADV
cblr-2946	42	4	many	many	ADJ
cblr-2946	42	5	contributing	contribute	VERB
cblr-2946	42	6	factors	factor	NOUN
cblr-2946	42	7	,	,	PUNCT
cblr-2946	42	8	but	but	CCONJ
cblr-2946	42	9	a	a	DET
cblr-2946	42	10	popular	popular	ADJ
cblr-2946	42	11	focal	focal	ADJ
cblr-2946	42	12	point	point	NOUN
cblr-2946	42	13	has	have	AUX
cblr-2946	42	14	been	be	AUX
cblr-2946	42	15	the	the	DET
cblr-2946	42	16	conflict	conflict	NOUN
cblr-2946	42	17	of	of	ADP
cblr-2946	42	18	interest	interest	NOUN
cblr-2946	42	19	embedded	embed	VERB
cblr-2946	42	20	in	in	ADP
cblr-2946	42	21	the	the	DET
cblr-2946	42	22	cras	cras	X
cblr-2946	42	23	'	'	PART
cblr-2946	42	24	issuer	issuer	NOUN
cblr-2946	42	25	pays	pay	VERB
cblr-2946	42	26	business	business	NOUN
cblr-2946	42	27	model.5	model.5	VERB
cblr-2946	42	28	indeed	indeed	ADV
cblr-2946	42	29	,	,	PUNCT
cblr-2946	42	30	several	several	ADJ
cblr-2946	42	31	features	feature	NOUN
cblr-2946	42	32	of	of	ADP
cblr-2946	42	33	the	the	DET
cblr-2946	42	34	structured	structured	ADJ
cblr-2946	42	35	1	1	NUM
cblr-2946	42	36	credit	credit	NOUN
cblr-2946	42	37	rating	rating	NOUN
cblr-2946	42	38	agencies	agency	NOUN
cblr-2946	42	39	and	and	CCONJ
cblr-2946	42	40	the	the	DET
cblr-2946	42	41	financial	financial	ADJ
cblr-2946	42	42	crisis	crisis	NOUN
cblr-2946	42	43	:	:	PUNCT
cblr-2946	42	44	hearing	hear	VERB
cblr-2946	42	45	before	before	ADP
cblr-2946	42	46	the	the	DET
cblr-2946	42	47	h.	h.	PROPN
cblr-2946	42	48	comm	comm	NOUN
cblr-2946	42	49	.	.	PUNCT
cblr-2946	43	1	on	on	ADP
cblr-2946	43	2	oversight	oversight	NOUN
cblr-2946	43	3	and	and	CCONJ
cblr-2946	43	4	gov't	gov't	NOUN
cblr-2946	43	5	reform	reform	NOUN
cblr-2946	43	6	,	,	PUNCT
cblr-2946	43	7	110th	110th	ADJ
cblr-2946	43	8	cong	cong	NOUN
cblr-2946	43	9	.	.	PUNCT
cblr-2946	44	1	(	(	PUNCT
cblr-2946	44	2	oct	oct	PROPN
cblr-2946	44	3	.	.	PROPN
cblr-2946	44	4	22	22	NUM
cblr-2946	44	5	,	,	PUNCT
cblr-2946	44	6	2008	2008	NUM
cblr-2946	44	7	)	)	PUNCT
cblr-2946	44	8	(	(	PUNCT
cblr-2946	44	9	opening	open	VERB
cblr-2946	44	10	statement	statement	NOUN
cblr-2946	44	11	of	of	ADP
cblr-2946	44	12	rep	rep	PROPN
cblr-2946	44	13	.	.	PROPN
cblr-2946	44	14	henry	henry	PROPN
cblr-2946	44	15	a.	a.	PROPN
cblr-2946	44	16	waxman	waxman	PROPN
cblr-2946	44	17	,	,	PUNCT
cblr-2946	44	18	chairman	chairman	NOUN
cblr-2946	44	19	)	)	PUNCT
cblr-2946	44	20	.	.	PUNCT
cblr-2946	44	21	'	'	PUNCT
cblr-2946	45	1	see	see	VERB
cblr-2946	45	2	,	,	PUNCT
cblr-2946	45	3	e.g.	e.g.	ADV
cblr-2946	45	4	,	,	PUNCT
cblr-2946	45	5	jennifer	jennifer	PROPN
cblr-2946	45	6	e.	e.	PROPN
cblr-2946	45	7	bethel	bethel	PROPN
cblr-2946	45	8	,	,	PUNCT
cblr-2946	45	9	allen	allen	PROPN
cblr-2946	45	10	ferrell	ferrell	PROPN
cblr-2946	45	11	&	&	CCONJ
cblr-2946	45	12	gang	gang	PROPN
cblr-2946	45	13	hu	hu	PROPN
cblr-2946	45	14	,	,	PUNCT
cblr-2946	45	15	legal	legal	ADJ
cblr-2946	45	16	and	and	CCONJ
cblr-2946	45	17	economic	economic	ADJ
cblr-2946	45	18	issues	issue	NOUN
cblr-2946	45	19	in	in	ADP
cblr-2946	45	20	litigation	litigation	NOUN
cblr-2946	45	21	arising	arise	VERB
cblr-2946	45	22	from	from	ADP
cblr-2946	45	23	the	the	DET
cblr-2946	45	24	2007	2007	NUM
cblr-2946	45	25	-	-	SYM
cblr-2946	45	26	2008	2008	NUM
cblr-2946	45	27	credit	credit	NOUN
cblr-2946	45	28	crisis	crisis	NOUN
cblr-2946	45	29	,	,	PUNCT
cblr-2946	45	30	john	john	PROPN
cblr-2946	45	31	m.	m.	PROPN
cblr-2946	45	32	olin	olin	PROPN
cblr-2946	45	33	center	center	PROPN
cblr-2946	45	34	for	for	ADP
cblr-2946	45	35	law	law	NOUN
cblr-2946	45	36	,	,	PUNCT
cblr-2946	45	37	economics	economic	NOUN
cblr-2946	45	38	,	,	PUNCT
cblr-2946	45	39	and	and	CCONJ
cblr-2946	45	40	business	business	NOUN
cblr-2946	45	41	discussion	discussion	NOUN
cblr-2946	45	42	paper	paper	NOUN
cblr-2946	45	43	at	at	ADP
cblr-2946	45	44	58	58	NUM
cblr-2946	45	45	,	,	PUNCT
cblr-2946	45	46	available	available	ADJ
cblr-2946	45	47	at	at	ADP
cblr-2946	45	48	http://ssrn.com/abstract=1096582	http://ssrn.com/abstract=1096582	NOUN
cblr-2946	45	49	(	(	PUNCT
cblr-2946	45	50	"	"	PUNCT
cblr-2946	45	51	many	many	ADJ
cblr-2946	45	52	commentators	commentator	NOUN
cblr-2946	45	53	have	have	AUX
cblr-2946	45	54	blamed	blame	VERB
cblr-2946	45	55	the	the	DET
cblr-2946	45	56	rating	rating	NOUN
cblr-2946	45	57	agencies	agency	NOUN
cblr-2946	45	58	,	,	PUNCT
cblr-2946	45	59	principally	principally	ADV
cblr-2946	45	60	moody	moody	PROPN
cblr-2946	45	61	's	's	PART
cblr-2946	45	62	,	,	PUNCT
cblr-2946	45	63	standard	standard	PROPN
cblr-2946	45	64	&	&	CCONJ
cblr-2946	45	65	poor	poor	PROPN
cblr-2946	45	66	's	's	PART
cblr-2946	45	67	,	,	PUNCT
cblr-2946	45	68	and	and	CCONJ
cblr-2946	45	69	fitch	fitch	PROPN
cblr-2946	45	70	,	,	PUNCT
cblr-2946	45	71	for	for	ADP
cblr-2946	45	72	investor	investor	NOUN
cblr-2946	45	73	losses	loss	NOUN
cblr-2946	45	74	.	.	PUNCT
cblr-2946	46	1	"	"	PUNCT
cblr-2946	46	2	)	)	PUNCT
cblr-2946	46	3	;	;	PUNCT
cblr-2946	46	4	john	john	PROPN
cblr-2946	46	5	c.	c.	PROPN
cblr-2946	46	6	coffee	coffee	PROPN
cblr-2946	46	7	,	,	PUNCT
cblr-2946	46	8	jr	jr	PROPN
cblr-2946	46	9	.	.	PROPN
cblr-2946	46	10	,	,	PUNCT
cblr-2946	46	11	grade	grade	NOUN
cblr-2946	46	12	inflation	inflation	NOUN
cblr-2946	46	13	,	,	PUNCT
cblr-2946	46	14	nat'l	nat'l	PROPN
cblr-2946	46	15	l.j	l.j	PROPN
cblr-2946	46	16	.	.	PROPN
cblr-2946	46	17	,	,	PUNCT
cblr-2946	46	18	sept	sept	PROPN
cblr-2946	46	19	.	.	PROPN
cblr-2946	46	20	10	10	NUM
cblr-2946	46	21	,	,	PUNCT
cblr-2946	46	22	2007	2007	NUM
cblr-2946	46	23	(	(	PUNCT
cblr-2946	46	24	"	"	PUNCT
cblr-2946	46	25	this	this	DET
cblr-2946	46	26	time	time	NOUN
cblr-2946	46	27	,	,	PUNCT
cblr-2946	46	28	the	the	DET
cblr-2946	46	29	obvious	obvious	ADJ
cblr-2946	46	30	target	target	NOUN
cblr-2946	46	31	will	will	AUX
cblr-2946	46	32	be	be	AUX
cblr-2946	46	33	the	the	DET
cblr-2946	46	34	major	major	ADJ
cblr-2946	46	35	creditrating	creditrate	VERB
cblr-2946	46	36	agencies	agency	NOUN
cblr-2946	46	37	,	,	PUNCT
cblr-2946	46	38	whose	whose	DET
cblr-2946	46	39	belated	belate	VERB
cblr-2946	46	40	ratings	rating	NOUN
cblr-2946	46	41	downgrades	downgrade	NOUN
cblr-2946	46	42	of	of	ADP
cblr-2946	46	43	structured	structured	ADJ
cblr-2946	46	44	finance	finance	NOUN
cblr-2946	46	45	products	product	NOUN
cblr-2946	46	46	precipitated	precipitate	VERB
cblr-2946	46	47	a	a	DET
cblr-2946	46	48	major	major	ADJ
cblr-2946	46	49	sell	sell	NOUN
cblr-2946	46	50	-	-	PUNCT
cblr-2946	46	51	off	off	NOUN
cblr-2946	46	52	in	in	ADP
cblr-2946	46	53	the	the	DET
cblr-2946	46	54	debt	debt	NOUN
cblr-2946	46	55	securities	security	NOUN
cblr-2946	46	56	market	market	NOUN
cblr-2946	46	57	.	.	PUNCT
cblr-2946	47	1	"	"	PUNCT
cblr-2946	47	2	)	)	PUNCT
cblr-2946	47	3	.	.	PUNCT
cblr-2946	47	4	'	'	PUNCT
cblr-2946	48	1	john	john	PROPN
cblr-2946	48	2	patrick	patrick	PROPN
cblr-2946	48	3	hunt	hunt	PROPN
cblr-2946	48	4	,	,	PUNCT
cblr-2946	48	5	credit	credit	NOUN
cblr-2946	48	6	rating	rating	NOUN
cblr-2946	48	7	agencies	agency	NOUN
cblr-2946	48	8	and	and	CCONJ
cblr-2946	48	9	the	the	DET
cblr-2946	48	10	worldwide	worldwide	ADJ
cblr-2946	48	11	"	"	PUNCT
cblr-2946	48	12	credit	credit	NOUN
cblr-2946	48	13	crisis	crisis	NOUN
cblr-2946	48	14	"	"	PUNCT
cblr-2946	48	15	:	:	PUNCT
cblr-2946	48	16	the	the	DET
cblr-2946	48	17	limits	limit	NOUN
cblr-2946	48	18	of	of	ADP
cblr-2946	48	19	reputation	reputation	NOUN
cblr-2946	48	20	,	,	PUNCT
cblr-2946	48	21	the	the	DET
cblr-2946	48	22	insufficiency	insufficiency	NOUN
cblr-2946	48	23	of	of	ADP
cblr-2946	48	24	reform	reform	NOUN
cblr-2946	48	25	,	,	PUNCT
cblr-2946	48	26	and	and	CCONJ
cblr-2946	48	27	a	a	DET
cblr-2946	48	28	proposal	proposal	NOUN
cblr-2946	48	29	for	for	ADP
cblr-2946	48	30	improvement	improvement	NOUN
cblr-2946	48	31	,	,	PUNCT
cblr-2946	48	32	2009	2009	NUM
cblr-2946	48	33	colum	colum	NOUN
cblr-2946	48	34	.	.	PUNCT
cblr-2946	49	1	bus	bus	NOUN
cblr-2946	49	2	.	.	PUNCT
cblr-2946	50	1	l.	l.	PROPN
cblr-2946	50	2	rev	rev	PROPN
cblr-2946	50	3	.	.	PROPN
cblr-2946	50	4	109	109	NUM
cblr-2946	50	5	,	,	PUNCT
cblr-2946	50	6	121	121	NUM
cblr-2946	50	7	-	-	SYM
cblr-2946	50	8	22	22	NUM
cblr-2946	50	9	(	(	PUNCT
cblr-2946	50	10	citation	citation	NOUN
cblr-2946	50	11	omitted	omit	VERB
cblr-2946	50	12	)	)	PUNCT
cblr-2946	50	13	(	(	PUNCT
cblr-2946	50	14	discussing	discuss	VERB
cblr-2946	50	15	common	common	ADJ
cblr-2946	50	16	thread	thread	NOUN
cblr-2946	50	17	in	in	ADP
cblr-2946	50	18	criticism	criticism	NOUN
cblr-2946	50	19	of	of	ADP
cblr-2946	50	20	cras	cra	NOUN
cblr-2946	50	21	)	)	PUNCT
cblr-2946	50	22	.	.	PUNCT
cblr-2946	51	1	see	see	VERB
cblr-2946	51	2	infra	infra	NOUN
cblr-2946	51	3	part	part	NOUN
cblr-2946	51	4	ii.b.3	ii.b.3	NOUN
cblr-2946	51	5	.	.	PUNCT
cblr-2946	52	1	see	see	VERB
cblr-2946	52	2	,	,	PUNCT
cblr-2946	52	3	e.g.	e.g.	ADV
cblr-2946	52	4	,	,	PUNCT
cblr-2946	52	5	coffee	coffee	NOUN
cblr-2946	52	6	,	,	PUNCT
cblr-2946	52	7	supra	supra	PROPN
cblr-2946	52	8	note	note	NOUN
cblr-2946	52	9	2	2	NUM
cblr-2946	52	10	(	(	PUNCT
cblr-2946	52	11	"	"	PUNCT
cblr-2946	52	12	rating	rating	NOUN
cblr-2946	52	13	agencies	agency	NOUN
cblr-2946	52	14	catered	cater	VERB
cblr-2946	52	15	to	to	ADP
cblr-2946	52	16	investment	investment	NOUN
cblr-2946	52	17	banks	bank	NOUN
cblr-2946	52	18	.	.	PUNCT
cblr-2946	52	19	"	"	PUNCT
cblr-2946	52	20	)	)	PUNCT
cblr-2946	52	21	.	.	PUNCT
cblr-2946	53	1	finance	finance	NOUN
cblr-2946	53	2	ratings	rating	NOUN
cblr-2946	53	3	market	market	NOUN
cblr-2946	53	4	,	,	PUNCT
cblr-2946	53	5	including	include	VERB
cblr-2946	53	6	the	the	DET
cblr-2946	53	7	growth	growth	NOUN
cblr-2946	53	8	in	in	ADP
cblr-2946	53	9	structured	structured	ADJ
cblr-2946	53	10	finance	finance	NOUN
cblr-2946	53	11	products	product	NOUN
cblr-2946	53	12	,	,	PUNCT
cblr-2946	53	13	the	the	DET
cblr-2946	53	14	concentration	concentration	NOUN
cblr-2946	53	15	of	of	ADP
cblr-2946	53	16	the	the	DET
cblr-2946	53	17	cras	cras	X
cblr-2946	53	18	'	'	PART
cblr-2946	53	19	customer	customer	NOUN
cblr-2946	53	20	base	base	NOUN
cblr-2946	53	21	for	for	ADP
cblr-2946	53	22	these	these	DET
cblr-2946	53	23	securities	security	NOUN
cblr-2946	53	24	,	,	PUNCT
cblr-2946	53	25	and	and	CCONJ
cblr-2946	53	26	the	the	DET
cblr-2946	53	27	ratings	rating	NOUN
cblr-2946	53	28	process	process	NOUN
cblr-2946	53	29	itself	itself	PRON
cblr-2946	53	30	,	,	PUNCT
cblr-2946	53	31	suggest	suggest	VERB
cblr-2946	53	32	that	that	SCONJ
cblr-2946	53	33	the	the	DET
cblr-2946	53	34	conflict	conflict	NOUN
cblr-2946	53	35	may	may	AUX
cblr-2946	53	36	have	have	AUX
cblr-2946	53	37	been	be	AUX
cblr-2946	53	38	exacerbated	exacerbate	VERB
cblr-2946	53	39	.	.	PUNCT
cblr-2946	54	1	this	this	DET
cblr-2946	54	2	note	note	NOUN
cblr-2946	54	3	explores	explore	VERB
cblr-2946	54	4	these	these	DET
cblr-2946	54	5	characteristics	characteristic	NOUN
cblr-2946	54	6	and	and	CCONJ
cblr-2946	54	7	argues	argue	VERB
cblr-2946	54	8	that	that	SCONJ
cblr-2946	54	9	the	the	DET
cblr-2946	54	10	current	current	ADJ
cblr-2946	54	11	regulatory	regulatory	ADJ
cblr-2946	54	12	regime	regime	NOUN
cblr-2946	54	13	,	,	PUNCT
cblr-2946	54	14	with	with	ADP
cblr-2946	54	15	its	its	PRON
cblr-2946	54	16	emphasis	emphasis	NOUN
cblr-2946	54	17	on	on	ADP
cblr-2946	54	18	disclosure	disclosure	NOUN
cblr-2946	54	19	,	,	PUNCT
cblr-2946	54	20	is	be	AUX
cblr-2946	54	21	likely	likely	ADV
cblr-2946	54	22	insufficient	insufficient	ADJ
cblr-2946	54	23	to	to	PART
cblr-2946	54	24	protect	protect	VERB
cblr-2946	54	25	against	against	ADP
cblr-2946	54	26	a	a	DET
cblr-2946	54	27	similar	similar	ADJ
cblr-2946	54	28	problem	problem	NOUN
cblr-2946	54	29	in	in	ADP
cblr-2946	54	30	the	the	DET
cblr-2946	54	31	future	future	NOUN
cblr-2946	54	32	.	.	PUNCT
cblr-2946	55	1	this	this	DET
cblr-2946	55	2	note	note	NOUN
cblr-2946	55	3	proceeds	proceed	NOUN
cblr-2946	55	4	as	as	SCONJ
cblr-2946	55	5	follows	follow	VERB
cblr-2946	55	6	:	:	PUNCT
cblr-2946	55	7	part	part	NOUN
cblr-2946	55	8	ii	ii	PROPN
cblr-2946	55	9	provides	provide	VERB
cblr-2946	55	10	background	background	NOUN
cblr-2946	55	11	information	information	NOUN
cblr-2946	55	12	on	on	ADP
cblr-2946	55	13	credit	credit	NOUN
cblr-2946	55	14	rating	rating	NOUN
cblr-2946	55	15	agencies	agency	NOUN
cblr-2946	55	16	and	and	CCONJ
cblr-2946	55	17	on	on	ADP
cblr-2946	55	18	the	the	DET
cblr-2946	55	19	credit	credit	NOUN
cblr-2946	55	20	crisis	crisis	NOUN
cblr-2946	55	21	.	.	PUNCT
cblr-2946	56	1	part	part	NOUN
cblr-2946	56	2	iii	iii	NUM
cblr-2946	56	3	explores	explore	NOUN
cblr-2946	56	4	the	the	DET
cblr-2946	56	5	prevailing	prevail	VERB
cblr-2946	56	6	view	view	NOUN
cblr-2946	56	7	that	that	SCONJ
cblr-2946	56	8	the	the	DET
cblr-2946	56	9	rating	rating	NOUN
cblr-2946	56	10	agencies	agency	NOUN
cblr-2946	56	11	were	be	AUX
cblr-2946	56	12	not	not	PART
cblr-2946	56	13	compromised	compromise	VERB
cblr-2946	56	14	by	by	ADP
cblr-2946	56	15	the	the	DET
cblr-2946	56	16	issuer	issuer	NOUN
cblr-2946	56	17	pays	pay	VERB
cblr-2946	56	18	conflict	conflict	NOUN
cblr-2946	56	19	prior	prior	ADV
cblr-2946	56	20	to	to	ADP
cblr-2946	56	21	the	the	DET
cblr-2946	56	22	credit	credit	NOUN
cblr-2946	56	23	crisis	crisis	NOUN
cblr-2946	56	24	and	and	CCONJ
cblr-2946	56	25	explains	explain	VERB
cblr-2946	56	26	what	what	PRON
cblr-2946	56	27	changed	change	VERB
cblr-2946	56	28	in	in	ADP
cblr-2946	56	29	the	the	DET
cblr-2946	56	30	context	context	NOUN
cblr-2946	56	31	of	of	ADP
cblr-2946	56	32	rating	rating	NOUN
cblr-2946	56	33	structured	structured	ADJ
cblr-2946	56	34	products	product	NOUN
cblr-2946	56	35	.	.	PUNCT
cblr-2946	57	1	part	part	NOUN
cblr-2946	57	2	iv	iv	NUM
cblr-2946	57	3	argues	argue	VERB
cblr-2946	57	4	that	that	SCONJ
cblr-2946	57	5	the	the	DET
cblr-2946	57	6	present	present	ADJ
cblr-2946	57	7	disclosure	disclosure	NOUN
cblr-2946	57	8	-	-	PUNCT
cblr-2946	57	9	based	base	VERB
cblr-2946	57	10	regulatory	regulatory	ADJ
cblr-2946	57	11	regime	regime	NOUN
cblr-2946	57	12	is	be	AUX
cblr-2946	57	13	inadequate	inadequate	ADJ
cblr-2946	57	14	for	for	ADP
cblr-2946	57	15	guarding	guard	VERB
cblr-2946	57	16	against	against	ADP
cblr-2946	57	17	compromised	compromise	VERB
cblr-2946	57	18	ratings	rating	NOUN
cblr-2946	57	19	.	.	PUNCT
cblr-2946	58	1	part	part	NOUN
cblr-2946	58	2	v	v	NOUN
cblr-2946	58	3	suggests	suggest	VERB
cblr-2946	58	4	that	that	SCONJ
cblr-2946	58	5	a	a	DET
cblr-2946	58	6	possible	possible	ADJ
cblr-2946	58	7	solution	solution	NOUN
cblr-2946	58	8	may	may	AUX
cblr-2946	58	9	lie	lie	VERB
cblr-2946	58	10	in	in	ADP
cblr-2946	58	11	performancebased	performancebase	VERB
cblr-2946	58	12	sanctions	sanction	NOUN
cblr-2946	58	13	:	:	PUNCT
cblr-2946	58	14	penalties	penalty	NOUN
cblr-2946	58	15	tied	tie	VERB
cblr-2946	58	16	to	to	ADP
cblr-2946	58	17	poor	poor	ADJ
cblr-2946	58	18	quality	quality	NOUN
cblr-2946	58	19	.	.	PUNCT
cblr-2946	59	1	part	part	NOUN
cblr-2946	59	2	vi	vi	PROPN
cblr-2946	59	3	concludes	conclude	VERB
cblr-2946	59	4	.	.	PUNCT
cblr-2946	60	1	ii	ii	PROPN
cblr-2946	60	2	.	.	PUNCT
cblr-2946	60	3	background	background	NOUN
cblr-2946	60	4	:	:	PUNCT
cblr-2946	60	5	the	the	DET
cblr-2946	60	6	agencies	agency	NOUN
cblr-2946	60	7	,	,	PUNCT
cblr-2946	60	8	the	the	DET
cblr-2946	60	9	ratings	rating	NOUN
cblr-2946	60	10	,	,	PUNCT
cblr-2946	60	11	and	and	CCONJ
cblr-2946	60	12	the	the	DET
cblr-2946	60	13	crisis	crisis	NOUN
cblr-2946	60	14	a.	a.	NOUN
cblr-2946	60	15	the	the	DET
cblr-2946	60	16	credit	credit	NOUN
cblr-2946	60	17	rating	rating	NOUN
cblr-2946	60	18	agencies	agency	NOUN
cblr-2946	60	19	and	and	CCONJ
cblr-2946	60	20	credit	credit	NOUN
cblr-2946	60	21	ratings	rating	NOUN
cblr-2946	60	22	credit	credit	NOUN
cblr-2946	60	23	rating	rating	NOUN
cblr-2946	60	24	agencies	agency	NOUN
cblr-2946	60	25	produce	produce	VERB
cblr-2946	60	26	ratings	rating	NOUN
cblr-2946	60	27	,	,	PUNCT
cblr-2946	60	28	in	in	ADP
cblr-2946	60	29	the	the	DET
cblr-2946	60	30	form	form	NOUN
cblr-2946	60	31	of	of	ADP
cblr-2946	60	32	a	a	DET
cblr-2946	60	33	letter	letter	NOUN
cblr-2946	60	34	grade	grade	NOUN
cblr-2946	60	35	,	,	PUNCT
cblr-2946	60	36	that	that	PRON
cblr-2946	60	37	provide	provide	VERB
cblr-2946	60	38	a	a	DET
cblr-2946	60	39	relative	relative	ADJ
cblr-2946	60	40	indicator	indicator	NOUN
cblr-2946	60	41	of	of	ADP
cblr-2946	60	42	a	a	DET
cblr-2946	60	43	financial	financial	ADJ
cblr-2946	60	44	instrument	instrument	NOUN
cblr-2946	60	45	's	's	PART
cblr-2946	60	46	creditworthiness	creditworthiness	NOUN
cblr-2946	60	47	.	.	PUNCT
cblr-2946	60	48	'	'	PUNCT
cblr-2946	61	1	thus	thus	ADV
cblr-2946	61	2	,	,	PUNCT
cblr-2946	61	3	cras	cras	PROPN
cblr-2946	61	4	are	be	AUX
cblr-2946	61	5	theoretically	theoretically	ADV
cblr-2946	61	6	important	important	ADJ
cblr-2946	61	7	to	to	ADP
cblr-2946	61	8	investors	investor	NOUN
cblr-2946	61	9	because	because	SCONJ
cblr-2946	61	10	they	they	PRON
cblr-2946	61	11	distill	distill	VERB
cblr-2946	61	12	"	"	PUNCT
cblr-2946	61	13	highly	highly	ADV
cblr-2946	61	14	nuanced	nuanced	ADJ
cblr-2946	61	15	information	information	NOUN
cblr-2946	61	16	"	"	PUNCT
cblr-2946	61	17	into	into	ADP
cblr-2946	61	18	a	a	DET
cblr-2946	61	19	standardized	standardized	ADJ
cblr-2946	61	20	symbol	symbol	NOUN
cblr-2946	61	21	,	,	PUNCT
cblr-2946	61	22	allowing	allow	VERB
cblr-2946	61	23	"	"	PUNCT
cblr-2946	61	24	markets	market	NOUN
cblr-2946	61	25	to	to	PART
cblr-2946	61	26	respond	respond	VERB
cblr-2946	61	27	quickly	quickly	ADV
cblr-2946	61	28	and	and	CCONJ
cblr-2946	61	29	,	,	PUNCT
cblr-2946	61	30	more	more	ADJ
cblr-2946	61	31	or	or	CCONJ
cblr-2946	61	32	less	less	ADJ
cblr-2946	61	33	,	,	PUNCT
cblr-2946	61	34	uniformly	uniformly	ADV
cblr-2946	61	35	to	to	PART
cblr-2946	61	36	changes	change	NOUN
cblr-2946	61	37	in	in	ADP
cblr-2946	61	38	ratings	rating	NOUN
cblr-2946	61	39	.	.	PUNCT
cblr-2946	62	1	"8	"8	PROPN
cblr-2946	62	2	cras	cras	PROPN
cblr-2946	62	3	are	be	AUX
cblr-2946	62	4	considered	consider	VERB
cblr-2946	62	5	gatekeepers	gatekeeper	NOUN
cblr-2946	62	6	to	to	ADP
cblr-2946	62	7	the	the	DET
cblr-2946	62	8	financial	financial	ADJ
cblr-2946	62	9	6	6	NUM
cblr-2946	62	10	see	see	NOUN
cblr-2946	62	11	infra	infra	NOUN
cblr-2946	62	12	part	part	NOUN
cblr-2946	62	13	iii.c	iii.c	NOUN
cblr-2946	62	14	.	.	PUNCT
cblr-2946	62	15	7	7	NUM
cblr-2946	62	16	john	john	PROPN
cblr-2946	62	17	c.	c.	PROPN
cblr-2946	62	18	coffee	coffee	PROPN
cblr-2946	62	19	,	,	PUNCT
cblr-2946	62	20	jr	jr	PROPN
cblr-2946	62	21	.	.	PROPN
cblr-2946	62	22	,	,	PUNCT
cblr-2946	62	23	gatekeepers	gatekeeper	NOUN
cblr-2946	62	24	:	:	PUNCT
cblr-2946	62	25	the	the	DET
cblr-2946	62	26	professions	profession	NOUN
cblr-2946	62	27	and	and	CCONJ
cblr-2946	62	28	corporate	corporate	ADJ
cblr-2946	62	29	governance	governance	NOUN
cblr-2946	62	30	284	284	NUM
cblr-2946	62	31	(	(	PUNCT
cblr-2946	62	32	2006	2006	NUM
cblr-2946	62	33	)	)	PUNCT
cblr-2946	62	34	;	;	PUNCT
cblr-2946	62	35	frank	frank	PROPN
cblr-2946	62	36	partnoy	partnoy	PROPN
cblr-2946	62	37	,	,	PUNCT
cblr-2946	62	38	the	the	DET
cblr-2946	62	39	siskel	siskel	NOUN
cblr-2946	62	40	and	and	CCONJ
cblr-2946	62	41	ebert	ebert	NOUN
cblr-2946	62	42	of	of	ADP
cblr-2946	62	43	financial	financial	ADJ
cblr-2946	62	44	markets	market	NOUN
cblr-2946	62	45	?	?	PUNCT
cblr-2946	63	1	two	two	NUM
cblr-2946	63	2	thumbs	thumb	NOUN
cblr-2946	63	3	down	down	ADP
cblr-2946	63	4	for	for	ADP
cblr-2946	63	5	the	the	DET
cblr-2946	63	6	credit	credit	NOUN
cblr-2946	63	7	rating	rating	NOUN
cblr-2946	63	8	agencies	agency	NOUN
cblr-2946	63	9	,	,	PUNCT
cblr-2946	63	10	77	77	NUM
cblr-2946	63	11	wash	wash	NOUN
cblr-2946	63	12	.	.	PUNCT
cblr-2946	64	1	u.	u.	PROPN
cblr-2946	64	2	l.q	l.q	PROPN
cblr-2946	64	3	.	.	PROPN
cblr-2946	65	1	619	619	NUM
cblr-2946	65	2	,	,	PUNCT
cblr-2946	65	3	620	620	NUM
cblr-2946	65	4	n.3	n.3	NOUN
cblr-2946	65	5	(	(	PUNCT
cblr-2946	65	6	1999	1999	NUM
cblr-2946	65	7	)	)	PUNCT
cblr-2946	65	8	;	;	PUNCT
cblr-2946	65	9	claire	claire	PROPN
cblr-2946	65	10	a.	a.	PROPN
cblr-2946	65	11	hill	hill	PROPN
cblr-2946	65	12	,	,	PUNCT
cblr-2946	65	13	regulating	regulate	VERB
cblr-2946	65	14	the	the	DET
cblr-2946	65	15	rating	rating	NOUN
cblr-2946	65	16	agencies	agency	NOUN
cblr-2946	65	17	,	,	PUNCT
cblr-2946	65	18	82	82	NUM
cblr-2946	65	19	wash	wash	NOUN
cblr-2946	65	20	.	.	PUNCT
cblr-2946	66	1	u.	u.	PROPN
cblr-2946	66	2	l.q	l.q	PROPN
cblr-2946	66	3	.	.	PROPN
cblr-2946	66	4	43	43	NUM
cblr-2946	66	5	,	,	PUNCT
cblr-2946	66	6	43	43	NUM
cblr-2946	66	7	(	(	PUNCT
cblr-2946	66	8	2004	2004	NUM
cblr-2946	66	9	)	)	PUNCT
cblr-2946	66	10	.	.	PUNCT
cblr-2946	67	1	8	8	NUM
cblr-2946	67	2	coffee	coffee	NOUN
cblr-2946	67	3	,	,	PUNCT
cblr-2946	67	4	supra	supra	PROPN
cblr-2946	67	5	note	note	NOUN
cblr-2946	67	6	7	7	NUM
cblr-2946	67	7	,	,	PUNCT
cblr-2946	67	8	at	at	ADP
cblr-2946	67	9	284	284	NUM
cblr-2946	67	10	.	.	PUNCT
cblr-2946	68	1	col	col	PROPN
cblr-2946	68	2	umbia	umbia	PROPN
cblr-2946	68	3	b	b	PROPN
cblr-2946	68	4	usiness	usiness	PROPN
cblr-2946	68	5	la	la	PROPN
cblr-2946	68	6	w	w	PROPN
cblr-2946	68	7	re	re	PROPN
cblr-2946	68	8	vie	vie	PROPN
cblr-2946	68	9	w	w	PROPN
cblr-2946	69	1	[	[	X
cblr-2946	69	2	vol	vol	NOUN
cblr-2946	69	3	.	.	PUNCT
cblr-2946	69	4	2009	2009	NUM
cblr-2946	69	5	no	no	NOUN
cblr-2946	69	6	.	.	PUNCT
cblr-2946	70	1	2:605	2:605	NUM
cblr-2946	70	2	]	]	X
cblr-2946	70	3	credit	credit	NOUN
cblr-2946	70	4	rating	rating	NOUN
cblr-2946	70	5	agencies	agency	NOUN
cblr-2946	70	6	and	and	CCONJ
cblr-2946	70	7	the	the	DET
cblr-2946	70	8	credit	credit	NOUN
cblr-2946	70	9	crisis	crisis	NOUN
cblr-2946	70	10	609	609	NUM
cblr-2946	70	11	markets	market	NOUN
cblr-2946	70	12	.	.	PUNCT
cblr-2946	70	13	'	'	PUNCT
cblr-2946	71	1	along	along	ADP
cblr-2946	71	2	these	these	DET
cblr-2946	71	3	lines	line	NOUN
cblr-2946	71	4	,	,	PUNCT
cblr-2946	71	5	they	they	PRON
cblr-2946	71	6	are	be	AUX
cblr-2946	71	7	important	important	ADJ
cblr-2946	71	8	to	to	ADP
cblr-2946	71	9	issuers	issuer	NOUN
cblr-2946	71	10	because	because	SCONJ
cblr-2946	71	11	their	their	PRON
cblr-2946	71	12	ratings	rating	NOUN
cblr-2946	71	13	impact	impact	VERB
cblr-2946	71	14	the	the	DET
cblr-2946	71	15	issuer	issuer	NOUN
cblr-2946	71	16	's	's	PART
cblr-2946	71	17	cost	cost	NOUN
cblr-2946	71	18	of	of	ADP
cblr-2946	71	19	capital.1	capital.1	PROPN
cblr-2946	71	20	"	"	PUNCT
cblr-2946	71	21	in	in	ADP
cblr-2946	71	22	the	the	DET
cblr-2946	71	23	united	united	PROPN
cblr-2946	71	24	states	states	PROPN
cblr-2946	71	25	,	,	PUNCT
cblr-2946	71	26	three	three	NUM
cblr-2946	71	27	cras	cras	X
cblr-2946	71	28	dominate	dominate	VERB
cblr-2946	71	29	the	the	DET
cblr-2946	71	30	market	market	NOUN
cblr-2946	71	31	:	:	PUNCT
cblr-2946	71	32	standard	standard	PROPN
cblr-2946	71	33	&	&	CCONJ
cblr-2946	71	34	poor	poor	PROPN
cblr-2946	71	35	's	's	PART
cblr-2946	71	36	ratings	rating	NOUN
cblr-2946	71	37	services	service	NOUN
cblr-2946	71	38	11	11	NUM
cblr-2946	71	39	cs&p	cs&p	PROPN
cblr-2946	71	40	"	"	PUNCT
cblr-2946	71	41	)	)	PUNCT
cblr-2946	71	42	,	,	PUNCT
cblr-2946	71	43	moody	moody	PROPN
cblr-2946	71	44	's	's	PART
cblr-2946	71	45	investor	investor	NOUN
cblr-2946	71	46	service	service	PROPN
cblr-2946	71	47	,	,	PUNCT
cblr-2946	71	48	inc	inc	PROPN
cblr-2946	71	49	.	.	PROPN
cblr-2946	71	50	1i	1i	NOUN
cblr-2946	71	51	(	(	PUNCT
cblr-2946	71	52	"	"	PUNCT
cblr-2946	71	53	moody	moody	PROPN
cblr-2946	71	54	's	's	PART
cblr-2946	71	55	"	"	PUNCT
cblr-2946	71	56	)	)	PUNCT
cblr-2946	71	57	,	,	PUNCT
cblr-2946	71	58	and	and	CCONJ
cblr-2946	71	59	fitch	fitch	PROPN
cblr-2946	71	60	,	,	PUNCT
cblr-2946	71	61	inc	inc	PROPN
cblr-2946	71	62	.	.	PROPN
cblr-2946	71	63	13	13	NUM
cblr-2946	71	64	(	(	PUNCT
cblr-2946	71	65	"	"	PUNCT
cblr-2946	71	66	fitch").14	fitch").14	PRON
cblr-2946	71	67	generally	generally	ADV
cblr-2946	71	68	,	,	PUNCT
cblr-2946	71	69	the	the	DET
cblr-2946	71	70	highest	high	ADJ
cblr-2946	71	71	available	available	ADJ
cblr-2946	71	72	rating	rating	NOUN
cblr-2946	71	73	is	be	AUX
cblr-2946	71	74	aaa	aaa	NOUN
cblr-2946	71	75	,	,	PUNCT
cblr-2946	71	76	followed	follow	VERB
cblr-2946	71	77	by	by	ADP
cblr-2946	71	78	aa	aa	PROPN
cblr-2946	71	79	,	,	PUNCT
cblr-2946	71	80	a	a	PRON
cblr-2946	71	81	,	,	PUNCT
cblr-2946	71	82	bbb	bbb	PROPN
cblr-2946	71	83	,	,	PUNCT
cblr-2946	71	84	b	b	PROPN
cblr-2946	71	85	,	,	PUNCT
cblr-2946	71	86	ccc	ccc	PROPN
cblr-2946	71	87	,	,	PUNCT
cblr-2946	71	88	cc	cc	PROPN
cblr-2946	71	89	,	,	PUNCT
cblr-2946	71	90	c	c	NOUN
cblr-2946	71	91	,	,	PUNCT
cblr-2946	71	92	and	and	CCONJ
cblr-2946	71	93	d	d	X
cblr-2946	71	94	(	(	PUNCT
cblr-2946	71	95	meaning	mean	VERB
cblr-2946	71	96	defaulted	default	VERB
cblr-2946	71	97	)	)	PUNCT
cblr-2946	71	98	.	.	PUNCT
cblr-2946	72	1	each	each	DET
cblr-2946	72	2	gradation	gradation	NOUN
cblr-2946	72	3	may	may	AUX
cblr-2946	72	4	be	be	AUX
cblr-2946	72	5	further	far	ADV
cblr-2946	72	6	refined	refine	VERB
cblr-2946	72	7	by	by	ADP
cblr-2946	72	8	a	a	DET
cblr-2946	72	9	+	+	NOUN
cblr-2946	72	10	/	/	SYM
cblr-2946	72	11	'	'	PUNCT
cblr-2946	72	12	see	see	VERB
cblr-2946	72	13	john	john	PROPN
cblr-2946	72	14	c.	c.	PROPN
cblr-2946	72	15	coffee	coffee	PROPN
cblr-2946	72	16	,	,	PUNCT
cblr-2946	72	17	jr	jr	PROPN
cblr-2946	72	18	.	.	PROPN
cblr-2946	72	19	,	,	PUNCT
cblr-2946	72	20	op	op	NOUN
cblr-2946	72	21	-	-	PUNCT
cblr-2946	72	22	ed	ed	NOUN
cblr-2946	72	23	.	.	PROPN
cblr-2946	72	24	,	,	PUNCT
cblr-2946	72	25	the	the	DET
cblr-2946	72	26	mortgage	mortgage	NOUN
cblr-2946	72	27	meltdown	meltdown	NOUN
cblr-2946	72	28	and	and	CCONJ
cblr-2946	72	29	gatekeeper	gatekeeper	NOUN
cblr-2946	72	30	failure	failure	NOUN
cblr-2946	72	31	,	,	PUNCT
cblr-2946	72	32	n.y.l.j	n.y.l.j	PROPN
cblr-2946	72	33	.	.	PROPN
cblr-2946	72	34	,	,	PUNCT
cblr-2946	72	35	sept	sept	PROPN
cblr-2946	72	36	.	.	PROPN
cblr-2946	72	37	20	20	NUM
cblr-2946	72	38	,	,	PUNCT
cblr-2946	72	39	2007	2007	NUM
cblr-2946	73	1	[	[	X
cblr-2946	73	2	hereinafter	hereinafter	NOUN
cblr-2946	73	3	coffee	coffee	NOUN
cblr-2946	73	4	,	,	PUNCT
cblr-2946	73	5	mortgage	mortgage	NOUN
cblr-2946	73	6	meltdown	meltdown	NOUN
cblr-2946	73	7	]	]	PUNCT
cblr-2946	73	8	(	(	PUNCT
cblr-2946	73	9	"	"	PUNCT
cblr-2946	73	10	gatekeepers	gatekeeper	NOUN
cblr-2946	73	11	are	be	AUX
cblr-2946	73	12	the	the	DET
cblr-2946	73	13	'	'	PUNCT
cblr-2946	73	14	reputational	reputational	ADJ
cblr-2946	73	15	intermediaries	intermediary	NOUN
cblr-2946	73	16	'	'	PUNCT
cblr-2946	73	17	on	on	ADP
cblr-2946	73	18	whom	whom	PRON
cblr-2946	73	19	investors	investor	NOUN
cblr-2946	73	20	depend	depend	VERB
cblr-2946	73	21	.	.	PUNCT
cblr-2946	73	22	"	"	PUNCT
cblr-2946	73	23	)	)	PUNCT
cblr-2946	73	24	.	.	PUNCT
cblr-2946	74	1	this	this	DET
cblr-2946	74	2	group	group	NOUN
cblr-2946	74	3	also	also	ADV
cblr-2946	74	4	includes	include	VERB
cblr-2946	74	5	auditors	auditor	NOUN
cblr-2946	74	6	,	,	PUNCT
cblr-2946	74	7	securities	security	NOUN
cblr-2946	74	8	analysts	analyst	NOUN
cblr-2946	74	9	,	,	PUNCT
cblr-2946	74	10	investment	investment	NOUN
cblr-2946	74	11	bankers	banker	NOUN
cblr-2946	74	12	,	,	PUNCT
cblr-2946	74	13	and	and	CCONJ
cblr-2946	74	14	sometimes	sometimes	ADV
cblr-2946	74	15	attorneys	attorney	NOUN
cblr-2946	74	16	.	.	PUNCT
cblr-2946	75	1	see	see	VERB
cblr-2946	75	2	also	also	ADV
cblr-2946	75	3	john	john	PROPN
cblr-2946	75	4	c.	c.	PROPN
cblr-2946	75	5	coffee	coffee	PROPN
cblr-2946	75	6	,	,	PUNCT
cblr-2946	75	7	jr	jr	PROPN
cblr-2946	75	8	.	.	PROPN
cblr-2946	75	9	,	,	PUNCT
cblr-2946	75	10	gatekeeper	gatekeeper	NOUN
cblr-2946	75	11	failure	failure	NOUN
cblr-2946	75	12	and	and	CCONJ
cblr-2946	75	13	reform	reform	NOUN
cblr-2946	75	14	:	:	PUNCT
cblr-2946	75	15	the	the	DET
cblr-2946	75	16	challenge	challenge	NOUN
cblr-2946	75	17	of	of	ADP
cblr-2946	75	18	fashioning	fashion	VERB
cblr-2946	75	19	relevant	relevant	ADJ
cblr-2946	75	20	reforms	reform	NOUN
cblr-2946	75	21	,	,	PUNCT
cblr-2946	75	22	84	84	NUM
cblr-2946	75	23	b.u	b.u	PROPN
cblr-2946	75	24	.	.	PROPN
cblr-2946	75	25	l.	l.	PROPN
cblr-2946	75	26	rev	rev	PROPN
cblr-2946	75	27	.	.	PROPN
cblr-2946	75	28	301	301	NUM
cblr-2946	75	29	,	,	PUNCT
cblr-2946	75	30	308	308	NUM
cblr-2946	75	31	(	(	PUNCT
cblr-2946	75	32	2004	2004	NUM
cblr-2946	75	33	)	)	PUNCT
cblr-2946	76	1	[	[	X
cblr-2946	76	2	hereinafter	hereinafter	NOUN
cblr-2946	76	3	coffee	coffee	NOUN
cblr-2946	76	4	,	,	PUNCT
cblr-2946	76	5	gatekeeper	gatekeeper	NOUN
cblr-2946	76	6	failure	failure	NOUN
cblr-2946	76	7	]	]	PUNCT
cblr-2946	76	8	(	(	PUNCT
cblr-2946	76	9	defining	define	VERB
cblr-2946	76	10	a	a	DET
cblr-2946	76	11	gatekeeper	gatekeeper	NOUN
cblr-2946	76	12	as	as	ADP
cblr-2946	76	13	a	a	DET
cblr-2946	76	14	party	party	NOUN
cblr-2946	76	15	that	that	SCONJ
cblr-2946	76	16	1	1	X
cblr-2946	76	17	)	)	PUNCT
cblr-2946	76	18	pledges	pledge	VERB
cblr-2946	76	19	its	its	PRON
cblr-2946	76	20	reputational	reputational	ADJ
cblr-2946	76	21	capital	capital	NOUN
cblr-2946	76	22	to	to	PART
cblr-2946	76	23	assure	assure	VERB
cblr-2946	76	24	the	the	DET
cblr-2946	76	25	accuracy	accuracy	NOUN
cblr-2946	76	26	of	of	ADP
cblr-2946	76	27	statements	statement	NOUN
cblr-2946	76	28	or	or	CCONJ
cblr-2946	76	29	representations	representation	NOUN
cblr-2946	76	30	that	that	SCONJ
cblr-2946	76	31	it	it	PRON
cblr-2946	76	32	either	either	CCONJ
cblr-2946	76	33	makes	make	VERB
cblr-2946	76	34	or	or	CCONJ
cblr-2946	76	35	verifies	verifie	NOUN
cblr-2946	76	36	and	and	CCONJ
cblr-2946	76	37	2	2	NUM
cblr-2946	76	38	)	)	PUNCT
cblr-2946	76	39	is	be	AUX
cblr-2946	76	40	easier	easy	ADJ
cblr-2946	76	41	to	to	PART
cblr-2946	76	42	deter	deter	VERB
cblr-2946	76	43	than	than	ADP
cblr-2946	76	44	the	the	DET
cblr-2946	76	45	principal	principal	NOUN
cblr-2946	76	46	due	due	ADP
cblr-2946	76	47	to	to	ADP
cblr-2946	76	48	its	its	PRON
cblr-2946	76	49	receipt	receipt	NOUN
cblr-2946	76	50	of	of	ADP
cblr-2946	76	51	a	a	DET
cblr-2946	76	52	smaller	small	ADJ
cblr-2946	76	53	benefit	benefit	NOUN
cblr-2946	76	54	from	from	ADP
cblr-2946	76	55	the	the	DET
cblr-2946	76	56	transaction	transaction	NOUN
cblr-2946	76	57	that	that	PRON
cblr-2946	76	58	the	the	DET
cblr-2946	76	59	gatekeeper	gatekeeper	NOUN
cblr-2946	76	60	facilitates	facilitate	VERB
cblr-2946	76	61	or	or	CCONJ
cblr-2946	76	62	enables	enable	VERB
cblr-2946	76	63	through	through	ADP
cblr-2946	76	64	its	its	PRON
cblr-2946	76	65	role	role	NOUN
cblr-2946	76	66	in	in	ADP
cblr-2946	76	67	approving	approve	VERB
cblr-2946	76	68	,	,	PUNCT
cblr-2946	76	69	certifying	certifying	NOUN
cblr-2946	76	70	,	,	PUNCT
cblr-2946	76	71	or	or	CCONJ
cblr-2946	76	72	verifying	verify	VERB
cblr-2946	76	73	information	information	NOUN
cblr-2946	76	74	)	)	PUNCT
cblr-2946	76	75	.	.	PUNCT
cblr-2946	77	1	10	10	NUM
cblr-2946	77	2	coffee	coffee	NOUN
cblr-2946	77	3	,	,	PUNCT
cblr-2946	77	4	supra	supra	PROPN
cblr-2946	77	5	note	note	NOUN
cblr-2946	77	6	7	7	NUM
cblr-2946	77	7	,	,	PUNCT
cblr-2946	77	8	at	at	ADP
cblr-2946	77	9	284	284	NUM
cblr-2946	77	10	.	.	PUNCT
cblr-2946	78	1	"	"	PUNCT
cblr-2946	78	2	even	even	ADV
cblr-2946	78	3	within	within	ADP
cblr-2946	78	4	the	the	DET
cblr-2946	78	5	universe	universe	NOUN
cblr-2946	78	6	of	of	ADP
cblr-2946	78	7	investment	investment	NOUN
cblr-2946	78	8	-	-	PUNCT
cblr-2946	78	9	grade	grade	NOUN
cblr-2946	78	10	securities	security	NOUN
cblr-2946	78	11	,	,	PUNCT
cblr-2946	78	12	a	a	DET
cblr-2946	78	13	rating	rating	NOUN
cblr-2946	78	14	downgrade	downgrade	NOUN
cblr-2946	78	15	or	or	CCONJ
cblr-2946	78	16	upgrade	upgrade	NOUN
cblr-2946	78	17	is	be	AUX
cblr-2946	78	18	likely	likely	ADJ
cblr-2946	78	19	to	to	PART
cblr-2946	78	20	dramatically	dramatically	ADV
cblr-2946	78	21	affect	affect	VERB
cblr-2946	78	22	the	the	DET
cblr-2946	78	23	issuer	issuer	NOUN
cblr-2946	78	24	's	's	PART
cblr-2946	78	25	cost	cost	NOUN
cblr-2946	78	26	of	of	ADP
cblr-2946	78	27	capital	capital	NOUN
cblr-2946	78	28	.	.	PUNCT
cblr-2946	78	29	"	"	PUNCT
cblr-2946	79	1	i	i	PRON
cblr-2946	79	2	d.	d.	PROPN
cblr-2946	79	3	"	"	PUNCT
cblr-2946	79	4	1	1	NUM
cblr-2946	79	5	s&p	s&p	PROPN
cblr-2946	79	6	is	be	AUX
cblr-2946	79	7	a	a	DET
cblr-2946	79	8	unit	unit	NOUN
cblr-2946	79	9	of	of	ADP
cblr-2946	79	10	the	the	DET
cblr-2946	79	11	mcgraw	mcgraw	PROPN
cblr-2946	79	12	-	-	PUNCT
cblr-2946	79	13	hill	hill	PROPN
cblr-2946	79	14	cos	cos	PROPN
cblr-2946	79	15	.	.	PROPN
cblr-2946	79	16	,	,	PUNCT
cblr-2946	79	17	inc	inc	PROPN
cblr-2946	79	18	.	.	PROPN
cblr-2946	79	19	standard	standard	PROPN
cblr-2946	79	20	and	and	CCONJ
cblr-2946	79	21	poor	poor	ADJ
cblr-2946	79	22	's	's	PART
cblr-2946	79	23	company	company	NOUN
cblr-2946	79	24	history	history	NOUN
cblr-2946	79	25	,	,	PUNCT
cblr-2946	79	26	http://www.standardandpoors.com	http://www.standardandpoors.com	X
cblr-2946	80	1	(	(	PUNCT
cblr-2946	80	2	last	last	ADJ
cblr-2946	80	3	visited	visit	VERB
cblr-2946	80	4	apr	apr	NOUN
cblr-2946	80	5	.	.	PROPN
cblr-2946	80	6	26	26	NUM
cblr-2946	80	7	,	,	PUNCT
cblr-2946	80	8	2009	2009	NUM
cblr-2946	80	9	)	)	PUNCT
cblr-2946	80	10	(	(	PUNCT
cblr-2946	80	11	follow	follow	VERB
cblr-2946	80	12	"	"	PUNCT
cblr-2946	80	13	about	about	ADP
cblr-2946	80	14	s&p	s&p	PROPN
cblr-2946	80	15	"	"	PUNCT
cblr-2946	80	16	menu	menu	NOUN
cblr-2946	80	17	to	to	PART
cblr-2946	80	18	"	"	PUNCT
cblr-2946	80	19	company	company	NOUN
cblr-2946	80	20	history	history	NOUN
cblr-2946	80	21	"	"	PUNCT
cblr-2946	80	22	hyperlink	hyperlink	NOUN
cblr-2946	80	23	)	)	PUNCT
cblr-2946	80	24	.	.	PUNCT
cblr-2946	81	1	12	12	NUM
cblr-2946	81	2	moody	moody	PROPN
cblr-2946	81	3	's	's	PART
cblr-2946	81	4	corporation	corporation	NOUN
cblr-2946	81	5	,	,	PUNCT
cblr-2946	81	6	a	a	DET
cblr-2946	81	7	publicly	publicly	ADV
cblr-2946	81	8	traded	trade	VERB
cblr-2946	81	9	company	company	NOUN
cblr-2946	81	10	on	on	ADP
cblr-2946	81	11	the	the	DET
cblr-2946	81	12	nyse	nyse	PROPN
cblr-2946	81	13	,	,	PUNCT
cblr-2946	81	14	is	be	AUX
cblr-2946	81	15	the	the	DET
cblr-2946	81	16	parent	parent	NOUN
cblr-2946	81	17	company	company	NOUN
cblr-2946	81	18	of	of	ADP
cblr-2946	81	19	moody	moody	PROPN
cblr-2946	81	20	's	's	PART
cblr-2946	81	21	.	.	PUNCT
cblr-2946	82	1	moody	moody	PROPN
cblr-2946	82	2	's	's	PART
cblr-2946	82	3	corporation	corporation	NOUN
cblr-2946	82	4	shareholder	shareholder	NOUN
cblr-2946	82	5	relations	relation	NOUN
cblr-2946	82	6	,	,	PUNCT
cblr-2946	82	7	http://ir.moodys.com	http://ir.moodys.com	X
cblr-2946	82	8	(	(	PUNCT
cblr-2946	82	9	last	last	ADJ
cblr-2946	82	10	visited	visit	VERB
cblr-2946	82	11	apr	apr	NOUN
cblr-2946	82	12	.	.	PROPN
cblr-2946	82	13	26	26	NUM
cblr-2946	82	14	,	,	PUNCT
cblr-2946	82	15	2009	2009	NUM
cblr-2946	82	16	)	)	PUNCT
cblr-2946	82	17	.	.	PUNCT
cblr-2946	83	1	"	"	PUNCT
cblr-2946	83	2	3	3	NUM
cblr-2946	83	3	fitch	fitch	NOUN
cblr-2946	83	4	is	be	AUX
cblr-2946	83	5	owned	own	VERB
cblr-2946	83	6	by	by	ADP
cblr-2946	83	7	a	a	DET
cblr-2946	83	8	french	french	ADJ
cblr-2946	83	9	conglomerate	conglomerate	NOUN
cblr-2946	83	10	,	,	PUNCT
cblr-2946	83	11	fimalac	fimalac	PROPN
cblr-2946	83	12	.	.	PUNCT
cblr-2946	84	1	it	it	PRON
cblr-2946	84	2	is	be	AUX
cblr-2946	84	3	composed	compose	VERB
cblr-2946	84	4	of	of	ADP
cblr-2946	84	5	several	several	ADJ
cblr-2946	84	6	smaller	small	ADJ
cblr-2946	84	7	agencies	agency	NOUN
cblr-2946	84	8	including	include	VERB
cblr-2946	84	9	fitch	fitch	PROPN
cblr-2946	84	10	,	,	PUNCT
cblr-2946	84	11	ibca	ibca	ADJ
cblr-2946	84	12	,	,	PUNCT
cblr-2946	84	13	duff	duff	PROPN
cblr-2946	84	14	&	&	CCONJ
cblr-2946	84	15	phelps	phelps	PROPN
cblr-2946	84	16	,	,	PUNCT
cblr-2946	84	17	and	and	CCONJ
cblr-2946	84	18	thomson	thomson	NOUN
cblr-2946	84	19	bankwatch	bankwatch	VERB
cblr-2946	84	20	that	that	PRON
cblr-2946	84	21	merged	merge	VERB
cblr-2946	84	22	.	.	PUNCT
cblr-2946	85	1	the	the	DET
cblr-2946	85	2	history	history	NOUN
cblr-2946	85	3	of	of	ADP
cblr-2946	85	4	fitch	fitch	NOUN
cblr-2946	85	5	,	,	PUNCT
cblr-2946	85	6	http://www.fitchratings.com	http://www.fitchratings.com	X
cblr-2946	85	7	(	(	PUNCT
cblr-2946	85	8	last	last	ADJ
cblr-2946	85	9	visited	visit	VERB
cblr-2946	85	10	apr	apr	NOUN
cblr-2946	85	11	.	.	PROPN
cblr-2946	85	12	26	26	NUM
cblr-2946	85	13	,	,	PUNCT
cblr-2946	85	14	2009	2009	NUM
cblr-2946	85	15	)	)	PUNCT
cblr-2946	85	16	(	(	PUNCT
cblr-2946	85	17	follow	follow	VERB
cblr-2946	85	18	"	"	PUNCT
cblr-2946	85	19	about	about	ADP
cblr-2946	85	20	us	we	PRON
cblr-2946	85	21	"	"	PUNCT
cblr-2946	85	22	hyperlink	hyperlink	NOUN
cblr-2946	85	23	;	;	PUNCT
cblr-2946	85	24	then	then	ADV
cblr-2946	85	25	follow	follow	VERB
cblr-2946	85	26	"	"	PUNCT
cblr-2946	85	27	history	history	NOUN
cblr-2946	85	28	"	"	PUNCT
cblr-2946	85	29	hyperlink	hyperlink	NOUN
cblr-2946	85	30	)	)	PUNCT
cblr-2946	85	31	.	.	PUNCT
cblr-2946	86	1	14	14	NUM
cblr-2946	86	2	hunt	hunt	NOUN
cblr-2946	86	3	,	,	PUNCT
cblr-2946	86	4	supra	supra	PROPN
cblr-2946	86	5	note	note	NOUN
cblr-2946	86	6	3	3	NUM
cblr-2946	86	7	,	,	PUNCT
cblr-2946	86	8	at	at	ADP
cblr-2946	86	9	114	114	NUM
cblr-2946	86	10	-	-	SYM
cblr-2946	86	11	15	15	NUM
cblr-2946	86	12	(	(	PUNCT
cblr-2946	86	13	describing	describe	VERB
cblr-2946	86	14	these	these	DET
cblr-2946	86	15	companies	company	NOUN
cblr-2946	86	16	as	as	ADP
cblr-2946	86	17	the	the	DET
cblr-2946	86	18	major	major	ADJ
cblr-2946	86	19	cras	cra	NOUN
cblr-2946	86	20	in	in	ADP
cblr-2946	86	21	the	the	DET
cblr-2946	86	22	united	united	PROPN
cblr-2946	86	23	states	states	PROPN
cblr-2946	86	24	)	)	PUNCT
cblr-2946	86	25	;	;	PUNCT
cblr-2946	86	26	u.s	u.s	PROPN
cblr-2946	86	27	.	.	PROPN
cblr-2946	86	28	securities	securities	PROPN
cblr-2946	86	29	and	and	CCONJ
cblr-2946	86	30	exchange	exchange	PROPN
cblr-2946	86	31	commission	commission	PROPN
cblr-2946	86	32	,	,	PUNCT
cblr-2946	86	33	annual	annual	ADJ
cblr-2946	86	34	report	report	NOUN
cblr-2946	86	35	on	on	ADP
cblr-2946	86	36	nationally	nationally	ADV
cblr-2946	86	37	recognized	recognize	VERB
cblr-2946	86	38	statistical	statistical	ADJ
cblr-2946	86	39	rating	rating	NOUN
cblr-2946	86	40	organizations	organization	NOUN
cblr-2946	86	41	as	as	SCONJ
cblr-2946	86	42	required	require	VERB
cblr-2946	86	43	by	by	ADP
cblr-2946	86	44	section	section	NOUN
cblr-2946	86	45	6	6	NUM
cblr-2946	86	46	of	of	ADP
cblr-2946	86	47	the	the	DET
cblr-2946	86	48	credit	credit	NOUN
cblr-2946	86	49	rating	rating	NOUN
cblr-2946	86	50	agency	agency	NOUN
cblr-2946	86	51	reform	reform	PROPN
cblr-2946	86	52	act	act	PROPN
cblr-2946	86	53	of	of	ADP
cblr-2946	86	54	2006	2006	NUM
cblr-2946	86	55	35	35	NUM
cblr-2946	86	56	(	(	PUNCT
cblr-2946	86	57	2008	2008	NUM
cblr-2946	86	58	)	)	PUNCT
cblr-2946	87	1	[	[	X
cblr-2946	87	2	hereinafter	hereinafter	NOUN
cblr-2946	87	3	sec	sec	PROPN
cblr-2946	87	4	june	june	PROPN
cblr-2946	87	5	2008	2008	NUM
cblr-2946	87	6	report	report	NOUN
cblr-2946	87	7	]	]	PUNCT
cblr-2946	87	8	(	(	PUNCT
cblr-2946	87	9	noting	note	VERB
cblr-2946	87	10	that	that	SCONJ
cblr-2946	87	11	fitch	fitch	NOUN
cblr-2946	87	12	,	,	PUNCT
cblr-2946	87	13	moody	moody	NOUN
cblr-2946	87	14	's	's	PART
cblr-2946	87	15	,	,	PUNCT
cblr-2946	87	16	and	and	CCONJ
cblr-2946	87	17	s&p	s&p	PROPN
cblr-2946	87	18	issued	issue	VERB
cblr-2946	87	19	over	over	ADP
cblr-2946	87	20	99	99	NUM
cblr-2946	87	21	%	%	NOUN
cblr-2946	87	22	of	of	ADP
cblr-2946	87	23	all	all	DET
cblr-2946	87	24	outstanding	outstanding	ADJ
cblr-2946	87	25	ratings	rating	NOUN
cblr-2946	87	26	)	)	PUNCT
cblr-2946	87	27	.	.	PUNCT
cblr-2946	88	1	given	give	VERB
cblr-2946	88	2	the	the	DET
cblr-2946	88	3	dominance	dominance	NOUN
cblr-2946	88	4	of	of	ADP
cblr-2946	88	5	these	these	DET
cblr-2946	88	6	three	three	NUM
cblr-2946	88	7	agencies	agency	NOUN
cblr-2946	88	8	,	,	PUNCT
cblr-2946	88	9	this	this	DET
cblr-2946	88	10	note	note	NOUN
cblr-2946	88	11	's	's	PART
cblr-2946	88	12	discussion	discussion	NOUN
cblr-2946	88	13	of	of	ADP
cblr-2946	88	14	cras	cras	PROPN
cblr-2946	88	15	refers	refer	VERB
cblr-2946	88	16	to	to	ADP
cblr-2946	88	17	them	they	PRON
cblr-2946	88	18	.	.	PUNCT
cblr-2946	89	1	suffix.15	suffix.15	PROPN
cblr-2946	89	2	cras	cras	PROPN
cblr-2946	89	3	also	also	ADV
cblr-2946	89	4	monitor	monitor	VERB
cblr-2946	89	5	their	their	PRON
cblr-2946	89	6	ratings	rating	NOUN
cblr-2946	89	7	on	on	ADP
cblr-2946	89	8	an	an	DET
cblr-2946	89	9	ongoing	ongoing	ADJ
cblr-2946	89	10	basis	basis	NOUN
cblr-2946	89	11	and	and	CCONJ
cblr-2946	89	12	may	may	AUX
cblr-2946	89	13	upgrade	upgrade	VERB
cblr-2946	89	14	or	or	CCONJ
cblr-2946	89	15	downgrade	downgrade	VERB
cblr-2946	89	16	a	a	DET
cblr-2946	89	17	rating	rating	NOUN
cblr-2946	89	18	as	as	SCONJ
cblr-2946	89	19	warranted	warrant	VERB
cblr-2946	89	20	.	.	PUNCT
cblr-2946	90	1	16	16	NUM
cblr-2946	90	2	they	they	PRON
cblr-2946	90	3	assert	assert	VERB
cblr-2946	90	4	that	that	SCONJ
cblr-2946	90	5	their	their	PRON
cblr-2946	90	6	ratings	rating	NOUN
cblr-2946	90	7	on	on	ADP
cblr-2946	90	8	structured	structured	ADJ
cblr-2946	90	9	finance	finance	NOUN
cblr-2946	90	10	products	product	NOUN
cblr-2946	90	11	are	be	AUX
cblr-2946	90	12	meant	mean	VERB
cblr-2946	90	13	to	to	PART
cblr-2946	90	14	be	be	AUX
cblr-2946	90	15	consistent	consistent	ADJ
cblr-2946	90	16	with	with	ADP
cblr-2946	90	17	their	their	PRON
cblr-2946	90	18	ratings	rating	NOUN
cblr-2946	90	19	on	on	ADP
cblr-2946	90	20	traditional	traditional	ADJ
cblr-2946	90	21	corporate	corporate	ADJ
cblr-2946	90	22	bonds	bond	NOUN
cblr-2946	90	23	.	.	PUNCT
cblr-2946	91	1	accordingly	accordingly	ADV
cblr-2946	91	2	,	,	PUNCT
cblr-2946	91	3	a	a	DET
cblr-2946	91	4	aaa	aaa	NOUN
cblr-2946	91	5	-	-	PUNCT
cblr-2946	91	6	rating	rating	NOUN
cblr-2946	91	7	on	on	ADP
cblr-2946	91	8	a	a	DET
cblr-2946	91	9	corporate	corporate	ADJ
cblr-2946	91	10	bond	bond	NOUN
cblr-2946	91	11	and	and	CCONJ
cblr-2946	91	12	a	a	DET
cblr-2946	91	13	aaa	aaa	NOUN
cblr-2946	91	14	-	-	PUNCT
cblr-2946	91	15	rating	rating	NOUN
cblr-2946	91	16	on	on	ADP
cblr-2946	91	17	a	a	DET
cblr-2946	91	18	structured	structured	ADJ
cblr-2946	91	19	finance	finance	NOUN
cblr-2946	91	20	product	product	NOUN
cblr-2946	91	21	should	should	AUX
cblr-2946	91	22	mean	mean	VERB
cblr-2946	91	23	approximately	approximately	ADV
cblr-2946	91	24	the	the	DET
cblr-2946	91	25	same	same	ADJ
cblr-2946	91	26	thing.17	thing.17	NOUN
cblr-2946	91	27	in	in	ADP
cblr-2946	91	28	developing	develop	VERB
cblr-2946	91	29	their	their	PRON
cblr-2946	91	30	ratings	rating	NOUN
cblr-2946	91	31	,	,	PUNCT
cblr-2946	91	32	cras	cras	X
cblr-2946	91	33	rely	rely	VERB
cblr-2946	91	34	on	on	ADP
cblr-2946	91	35	both	both	CCONJ
cblr-2946	91	36	quantitative	quantitative	ADJ
cblr-2946	91	37	analytics	analytic	NOUN
cblr-2946	91	38	and	and	CCONJ
cblr-2946	91	39	qualitative	qualitative	ADJ
cblr-2946	91	40	assessments	assessment	NOUN
cblr-2946	91	41	.	.	PUNCT
cblr-2946	92	1	8	8	NUM
cblr-2946	92	2	they	they	PRON
cblr-2946	92	3	rely	rely	VERB
cblr-2946	92	4	on	on	ADP
cblr-2946	92	5	both	both	CCONJ
cblr-2946	92	6	public	public	ADJ
cblr-2946	92	7	and	and	CCONJ
cblr-2946	92	8	nonpublic	nonpublic	ADJ
cblr-2946	92	9	information	information	NOUN
cblr-2946	92	10	;	;	PUNCT
cblr-2946	92	11	however	however	ADV
cblr-2946	92	12	,	,	PUNCT
cblr-2946	92	13	while	while	SCONJ
cblr-2946	92	14	some	some	DET
cblr-2946	92	15	cras	cras	X
cblr-2946	92	16	might	might	AUX
cblr-2946	92	17	receive	receive	VERB
cblr-2946	92	18	private	private	ADJ
cblr-2946	92	19	information	information	NOUN
cblr-2946	92	20	from	from	ADP
cblr-2946	92	21	issuers	issuer	NOUN
cblr-2946	92	22	during	during	ADP
cblr-2946	92	23	the	the	DET
cblr-2946	92	24	ratings	rating	NOUN
cblr-2946	92	25	process	process	NOUN
cblr-2946	92	26	,	,	PUNCT
cblr-2946	92	27	they	they	PRON
cblr-2946	92	28	do	do	AUX
cblr-2946	92	29	not	not	PART
cblr-2946	92	30	verify	verify	VERB
cblr-2946	92	31	this	this	DET
cblr-2946	92	32	information	information	NOUN
cblr-2946	92	33	.	.	PUNCT
cblr-2946	93	1	9	9	NUM
cblr-2946	93	2	"	"	PUNCT
cblr-2946	93	3	s&p	s&p	PROPN
cblr-2946	93	4	and	and	CCONJ
cblr-2946	93	5	fitch	fitch	NOUN
cblr-2946	93	6	use	use	VERB
cblr-2946	93	7	the	the	DET
cblr-2946	93	8	scale	scale	NOUN
cblr-2946	93	9	described	describe	VERB
cblr-2946	93	10	.	.	PUNCT
cblr-2946	94	1	standard	standard	PROPN
cblr-2946	94	2	&	&	CCONJ
cblr-2946	94	3	poor	poor	PROPN
cblr-2946	94	4	's	's	PART
cblr-2946	94	5	,	,	PUNCT
cblr-2946	94	6	guide	guide	VERB
cblr-2946	94	7	to	to	ADP
cblr-2946	94	8	credit	credit	NOUN
cblr-2946	94	9	rating	rating	NOUN
cblr-2946	94	10	essentials	essential	NOUN
cblr-2946	94	11	10	10	NUM
cblr-2946	94	12	[	[	NOUN
cblr-2946	94	13	hereinafter	hereinafter	NOUN
cblr-2946	94	14	s&p	s&p	PROPN
cblr-2946	94	15	's	's	PART
cblr-2946	94	16	guide	guide	NOUN
cblr-2946	94	17	]	]	PUNCT
cblr-2946	94	18	,	,	PUNCT
cblr-2946	94	19	available	available	ADJ
cblr-2946	94	20	at	at	ADP
cblr-2946	94	21	http://www2.standardandpoors.com/spf/pdf/fixedincome/spcreditratings	http://www2.standardandpoors.com/spf/pdf/fixedincome/spcreditrating	NOUN
cblr-2946	94	22	guide.pdf	guide.pdf	NOUN
cblr-2946	94	23	;	;	PUNCT
cblr-2946	94	24	fitch	fitch	NOUN
cblr-2946	94	25	ratings	rating	NOUN
cblr-2946	94	26	definitions	definition	NOUN
cblr-2946	94	27	,	,	PUNCT
cblr-2946	94	28	http://www.fitchratings.com	http://www.fitchratings.com	X
cblr-2946	94	29	(	(	PUNCT
cblr-2946	94	30	last	last	ADJ
cblr-2946	94	31	visited	visit	VERB
cblr-2946	94	32	apr	apr	NOUN
cblr-2946	94	33	.	.	PROPN
cblr-2946	95	1	26	26	NUM
cblr-2946	95	2	,	,	PUNCT
cblr-2946	95	3	2009	2009	NUM
cblr-2946	95	4	)	)	PUNCT
cblr-2946	95	5	(	(	PUNCT
cblr-2946	95	6	follow	follow	VERB
cblr-2946	95	7	"	"	PUNCT
cblr-2946	95	8	ratings	rating	NOUN
cblr-2946	95	9	definitions	definition	NOUN
cblr-2946	95	10	"	"	PUNCT
cblr-2946	95	11	hyperlink	hyperlink	NOUN
cblr-2946	95	12	)	)	PUNCT
cblr-2946	95	13	.	.	PUNCT
cblr-2946	96	1	moody	moody	PROPN
cblr-2946	96	2	's	's	PART
cblr-2946	96	3	uses	use	VERB
cblr-2946	96	4	a	a	DET
cblr-2946	96	5	slightly	slightly	ADV
cblr-2946	96	6	modified	modify	VERB
cblr-2946	96	7	scale	scale	NOUN
cblr-2946	96	8	:	:	PUNCT
cblr-2946	96	9	aaa	aaa	NOUN
cblr-2946	96	10	,	,	PUNCT
cblr-2946	96	11	followed	follow	VERB
cblr-2946	96	12	by	by	ADP
cblr-2946	96	13	aa	aa	PROPN
cblr-2946	96	14	,	,	PUNCT
cblr-2946	96	15	a	a	PRON
cblr-2946	96	16	,	,	PUNCT
cblr-2946	96	17	baa	baa	PROPN
cblr-2946	96	18	,	,	PUNCT
cblr-2946	96	19	ba	ba	PROPN
cblr-2946	96	20	,	,	PUNCT
cblr-2946	96	21	b	b	NOUN
cblr-2946	96	22	,	,	PUNCT
cblr-2946	96	23	caa	caa	NOUN
cblr-2946	96	24	,	,	PUNCT
cblr-2946	96	25	ca	can	AUX
cblr-2946	96	26	,	,	PUNCT
cblr-2946	96	27	c	c	NOUN
cblr-2946	96	28	,	,	PUNCT
cblr-2946	96	29	and	and	CCONJ
cblr-2946	96	30	d.	d.	NOUN
cblr-2946	96	31	each	each	DET
cblr-2946	96	32	rating	rating	NOUN
cblr-2946	96	33	may	may	AUX
cblr-2946	96	34	be	be	AUX
cblr-2946	96	35	modified	modify	VERB
cblr-2946	96	36	by	by	ADP
cblr-2946	96	37	a	a	DET
cblr-2946	96	38	suffix	suffix	NOUN
cblr-2946	96	39	of	of	ADP
cblr-2946	96	40	1	1	NUM
cblr-2946	96	41	,	,	PUNCT
cblr-2946	96	42	2	2	NUM
cblr-2946	96	43	,	,	PUNCT
cblr-2946	96	44	or	or	CCONJ
cblr-2946	96	45	3	3	NUM
cblr-2946	96	46	.	.	X
cblr-2946	97	1	about	about	ADP
cblr-2946	97	2	moody	moody	PROPN
cblr-2946	97	3	's	's	PART
cblr-2946	97	4	rating	rating	NOUN
cblr-2946	97	5	definitions	definition	NOUN
cblr-2946	97	6	,	,	PUNCT
cblr-2946	97	7	http://www.moodys.com	http://www.moodys.com	X
cblr-2946	98	1	[	[	X
cblr-2946	98	2	hereinafter	hereinafter	NOUN
cblr-2946	98	3	moody	moody	PROPN
cblr-2946	98	4	's	's	PART
cblr-2946	98	5	ratings	rating	NOUN
cblr-2946	98	6	definitions	definition	NOUN
cblr-2946	98	7	]	]	PUNCT
cblr-2946	98	8	(	(	PUNCT
cblr-2946	98	9	last	last	ADJ
cblr-2946	98	10	visited	visit	VERB
cblr-2946	98	11	apr	apr	NOUN
cblr-2946	98	12	.	.	PROPN
cblr-2946	98	13	26	26	NUM
cblr-2946	98	14	,	,	PUNCT
cblr-2946	98	15	2009	2009	NUM
cblr-2946	98	16	)	)	PUNCT
cblr-2946	98	17	(	(	PUNCT
cblr-2946	98	18	follow	follow	VERB
cblr-2946	98	19	"	"	PUNCT
cblr-2946	98	20	about	about	ADP
cblr-2946	98	21	moody	moody	NOUN
cblr-2946	98	22	's	's	PART
cblr-2946	98	23	"	"	PUNCT
cblr-2946	98	24	hyperlink	hyperlink	NOUN
cblr-2946	98	25	,	,	PUNCT
cblr-2946	98	26	followed	follow	VERB
cblr-2946	98	27	by	by	ADP
cblr-2946	98	28	"	"	PUNCT
cblr-2946	98	29	rating	rating	NOUN
cblr-2946	98	30	definitions	definition	NOUN
cblr-2946	98	31	"	"	PUNCT
cblr-2946	98	32	hyperlink	hyperlink	NOUN
cblr-2946	98	33	)	)	PUNCT
cblr-2946	98	34	.	.	PUNCT
cblr-2946	99	1	16	16	NUM
cblr-2946	99	2	hill	hill	NOUN
cblr-2946	99	3	,	,	PUNCT
cblr-2946	99	4	supra	supra	PROPN
cblr-2946	99	5	note	note	PROPN
cblr-2946	99	6	7	7	NUM
cblr-2946	99	7	,	,	PUNCT
cblr-2946	99	8	at	at	ADP
cblr-2946	99	9	48	48	NUM
cblr-2946	99	10	.	.	PUNCT
cblr-2946	100	1	a	a	DET
cblr-2946	100	2	cra	cra	PROPN
cblr-2946	100	3	may	may	AUX
cblr-2946	100	4	put	put	VERB
cblr-2946	100	5	a	a	DET
cblr-2946	100	6	given	give	VERB
cblr-2946	100	7	rating	rating	NOUN
cblr-2946	100	8	on	on	ADP
cblr-2946	100	9	"	"	PUNCT
cblr-2946	100	10	credit	credit	NOUN
cblr-2946	100	11	watch	watch	NOUN
cblr-2946	100	12	"	"	PUNCT
cblr-2946	100	13	if	if	SCONJ
cblr-2946	100	14	it	it	PRON
cblr-2946	100	15	believes	believe	VERB
cblr-2946	100	16	a	a	DET
cblr-2946	100	17	rating	rating	NOUN
cblr-2946	100	18	change	change	NOUN
cblr-2946	100	19	may	may	AUX
cblr-2946	100	20	soon	soon	ADV
cblr-2946	100	21	be	be	AUX
cblr-2946	100	22	appropriate	appropriate	ADJ
cblr-2946	100	23	.	.	PUNCT
cblr-2946	101	1	i	i	PRON
cblr-2946	101	2	d.	d.	PROPN
cblr-2946	101	3	at	at	ADP
cblr-2946	101	4	49	49	NUM
cblr-2946	101	5	.	.	PUNCT
cblr-2946	102	1	17	17	NUM
cblr-2946	102	2	see	see	VERB
cblr-2946	102	3	,	,	PUNCT
cblr-2946	102	4	e.g.	e.g.	ADV
cblr-2946	102	5	,	,	PUNCT
cblr-2946	102	6	moody	moody	PROPN
cblr-2946	102	7	's	's	PART
cblr-2946	102	8	ratings	rating	NOUN
cblr-2946	102	9	definitions	definition	NOUN
cblr-2946	102	10	,	,	PUNCT
cblr-2946	102	11	supra	supra	PROPN
cblr-2946	102	12	note	note	PROPN
cblr-2946	102	13	15	15	NUM
cblr-2946	102	14	(	(	PUNCT
cblr-2946	102	15	"	"	PUNCT
cblr-2946	102	16	moody	moody	PROPN
cblr-2946	102	17	's	's	PART
cblr-2946	102	18	ratings	rating	NOUN
cblr-2946	102	19	on	on	ADP
cblr-2946	102	20	long	long	ADJ
cblr-2946	102	21	-	-	PUNCT
cblr-2946	102	22	term	term	NOUN
cblr-2946	102	23	structured	structured	ADJ
cblr-2946	102	24	finance	finance	NOUN
cblr-2946	102	25	obligations	obligation	NOUN
cblr-2946	102	26	.	.	PUNCT
cblr-2946	102	27	.	.	PUNCT
cblr-2946	103	1	.	.	PUNCT
cblr-2946	104	1	are	be	AUX
cblr-2946	104	2	calibrated	calibrate	VERB
cblr-2946	104	3	to	to	ADP
cblr-2946	104	4	moody	moody	PROPN
cblr-2946	104	5	's	's	PART
cblr-2946	104	6	corporate	corporate	ADJ
cblr-2946	104	7	scale	scale	NOUN
cblr-2946	104	8	.	.	PUNCT
cblr-2946	105	1	"	"	PUNCT
cblr-2946	105	2	)	)	PUNCT
cblr-2946	105	3	;	;	PUNCT
cblr-2946	105	4	calvin	calvin	PROPN
cblr-2946	105	5	r.	r.	PROPN
cblr-2946	105	6	wong	wong	PROPN
cblr-2946	105	7	,	,	PUNCT
cblr-2946	105	8	thomas	thomas	PROPN
cblr-2946	105	9	g.	g.	PROPN
cblr-2946	105	10	gillis	gillis	PROPN
cblr-2946	105	11	&	&	CCONJ
cblr-2946	105	12	fabienne	fabienne	PROPN
cblr-2946	105	13	michaux	michaux	PROPN
cblr-2946	105	14	,	,	PUNCT
cblr-2946	105	15	standard	standard	PROPN
cblr-2946	105	16	&	&	CCONJ
cblr-2946	105	17	poor	poor	PROPN
cblr-2946	105	18	's	's	PART
cblr-2946	105	19	,	,	PUNCT
cblr-2946	105	20	general	general	ADJ
cblr-2946	105	21	:	:	PUNCT
cblr-2946	105	22	principles	principle	NOUN
cblr-2946	105	23	-	-	PUNCT
cblr-2946	105	24	based	base	VERB
cblr-2946	105	25	rating	rating	NOUN
cblr-2946	105	26	methodology	methodology	NOUN
cblr-2946	105	27	for	for	ADP
cblr-2946	105	28	global	global	ADJ
cblr-2946	105	29	structured	structured	ADJ
cblr-2946	105	30	finance	finance	NOUN
cblr-2946	105	31	securities	security	NOUN
cblr-2946	105	32	(	(	PUNCT
cblr-2946	105	33	2007	2007	NUM
cblr-2946	105	34	)	)	PUNCT
cblr-2946	105	35	,	,	PUNCT
cblr-2946	105	36	available	available	ADJ
cblr-2946	105	37	at	at	ADP
cblr-2946	105	38	http://www.standardandpoors.com	http://www.standardandpoors.com	X
cblr-2946	105	39	(	(	PUNCT
cblr-2946	105	40	under	under	ADP
cblr-2946	105	41	"	"	PUNCT
cblr-2946	105	42	criteria	criterion	NOUN
cblr-2946	105	43	&	&	CCONJ
cblr-2946	105	44	methodologies	methodology	NOUN
cblr-2946	105	45	"	"	PUNCT
cblr-2946	105	46	)	)	PUNCT
cblr-2946	105	47	(	(	PUNCT
cblr-2946	105	48	"	"	PUNCT
cblr-2946	105	49	[	[	X
cblr-2946	105	50	a]n	a]n	NOUN
cblr-2946	105	51	'	'	PUNCT
cblr-2946	105	52	aaa	aaa	NOUN
cblr-2946	105	53	'	'	PUNCT
cblr-2946	105	54	rated	rate	VERB
cblr-2946	105	55	corporate	corporate	ADJ
cblr-2946	105	56	bond	bond	NOUN
cblr-2946	105	57	should	should	AUX
cblr-2946	105	58	exhibit	exhibit	VERB
cblr-2946	105	59	the	the	DET
cblr-2946	105	60	same	same	ADJ
cblr-2946	105	61	degree	degree	NOUN
cblr-2946	105	62	of	of	ADP
cblr-2946	105	63	credit	credit	NOUN
cblr-2946	105	64	quality	quality	NOUN
cblr-2946	105	65	as	as	ADP
cblr-2946	105	66	an	an	DET
cblr-2946	105	67	'	'	PUNCT
cblr-2946	105	68	aaa	aaa	NOUN
cblr-2946	105	69	'	'	PUNCT
cblr-2946	105	70	rated	rate	VERB
cblr-2946	105	71	securitized	securitized	ADJ
cblr-2946	105	72	debt	debt	NOUN
cblr-2946	105	73	issue	issue	NOUN
cblr-2946	105	74	.	.	PUNCT
cblr-2946	106	1	"	"	PUNCT
cblr-2946	106	2	)	)	PUNCT
cblr-2946	106	3	.	.	PUNCT
cblr-2946	107	1	section	section	NOUN
cblr-2946	107	2	3(a)(62	3(a)(62	NUM
cblr-2946	107	3	)	)	PUNCT
cblr-2946	107	4	of	of	ADP
cblr-2946	107	5	the	the	DET
cblr-2946	107	6	securities	securities	PROPN
cblr-2946	107	7	exchange	exchange	PROPN
cblr-2946	107	8	act	act	NOUN
cblr-2946	107	9	of	of	ADP
cblr-2946	107	10	1934	1934	NUM
cblr-2946	107	11	identifies	identify	VERB
cblr-2946	107	12	five	five	NUM
cblr-2946	107	13	classes	class	NOUN
cblr-2946	107	14	of	of	ADP
cblr-2946	107	15	ratings	rating	NOUN
cblr-2946	107	16	:	:	PUNCT
cblr-2946	107	17	financial	financial	ADJ
cblr-2946	107	18	institutions	institution	NOUN
cblr-2946	107	19	,	,	PUNCT
cblr-2946	107	20	brokers	broker	NOUN
cblr-2946	107	21	,	,	PUNCT
cblr-2946	107	22	or	or	CCONJ
cblr-2946	107	23	dealers	dealer	NOUN
cblr-2946	107	24	;	;	PUNCT
cblr-2946	107	25	insurance	insurance	NOUN
cblr-2946	107	26	companies	company	NOUN
cblr-2946	107	27	;	;	PUNCT
cblr-2946	107	28	corporate	corporate	ADJ
cblr-2946	107	29	issuers	issuer	NOUN
cblr-2946	107	30	;	;	PUNCT
cblr-2946	107	31	asset	asset	NOUN
cblr-2946	107	32	-	-	PUNCT
cblr-2946	107	33	backed	back	VERB
cblr-2946	107	34	securities	security	NOUN
cblr-2946	107	35	;	;	PUNCT
cblr-2946	107	36	and	and	CCONJ
cblr-2946	107	37	government	government	NOUN
cblr-2946	107	38	,	,	PUNCT
cblr-2946	107	39	municipal	municipal	ADJ
cblr-2946	107	40	,	,	PUNCT
cblr-2946	107	41	and	and	CCONJ
cblr-2946	107	42	foreign	foreign	ADJ
cblr-2946	107	43	government	government	NOUN
cblr-2946	107	44	securities	security	NOUN
cblr-2946	107	45	.	.	PUNCT
cblr-2946	108	1	15	15	NUM
cblr-2946	108	2	u.s.c	u.s.c	NOUN
cblr-2946	108	3	.	.	PUNCT
cblr-2946	109	1	§	§	PROPN
cblr-2946	109	2	78c(a)(62)(b)(i)-(vi	78c(a)(62)(b)(i)-(vi	NUM
cblr-2946	109	3	)	)	PUNCT
cblr-2946	109	4	(	(	PUNCT
cblr-2946	109	5	2009	2009	NUM
cblr-2946	109	6	)	)	PUNCT
cblr-2946	109	7	.	.	PUNCT
cblr-2946	110	1	this	this	DET
cblr-2946	110	2	note	note	NOUN
cblr-2946	110	3	will	will	AUX
cblr-2946	110	4	focus	focus	VERB
cblr-2946	110	5	on	on	ADP
cblr-2946	110	6	ratings	rating	NOUN
cblr-2946	110	7	of	of	ADP
cblr-2946	110	8	corporate	corporate	ADJ
cblr-2946	110	9	issuances	issuance	NOUN
cblr-2946	110	10	and	and	CCONJ
cblr-2946	110	11	asset	asset	NOUN
cblr-2946	110	12	-	-	PUNCT
cblr-2946	110	13	backed	back	VERB
cblr-2946	110	14	securities	security	NOUN
cblr-2946	110	15	,	,	PUNCT
cblr-2946	110	16	specifically	specifically	ADV
cblr-2946	110	17	subprime	subprime	ADJ
cblr-2946	110	18	rmbs	rmb	NOUN
cblr-2946	110	19	and	and	CCONJ
cblr-2946	110	20	cdos	cdo	NOUN
cblr-2946	110	21	containing	contain	VERB
cblr-2946	110	22	subprime	subprime	ADJ
cblr-2946	110	23	rmbs	rmb	NOUN
cblr-2946	110	24	in	in	ADP
cblr-2946	110	25	their	their	PRON
cblr-2946	110	26	asset	asset	NOUN
cblr-2946	110	27	pools	pool	NOUN
cblr-2946	110	28	.	.	PUNCT
cblr-2946	111	1	see	see	VERB
cblr-2946	111	2	infra	infra	NOUN
cblr-2946	111	3	part	part	NOUN
cblr-2946	111	4	ii.b	ii.b	NOUN
cblr-2946	111	5	for	for	ADP
cblr-2946	111	6	more	more	ADJ
cblr-2946	111	7	on	on	ADP
cblr-2946	111	8	these	these	DET
cblr-2946	111	9	instruments	instrument	NOUN
cblr-2946	111	10	.	.	PUNCT
cblr-2946	112	1	's	's	PART
cblr-2946	112	2	sec	sec	PROPN
cblr-2946	112	3	june	june	PROPN
cblr-2946	112	4	2008	2008	NUM
cblr-2946	112	5	report	report	NOUN
cblr-2946	112	6	,	,	PUNCT
cblr-2946	112	7	supra	supra	PROPN
cblr-2946	112	8	note	note	PROPN
cblr-2946	112	9	14	14	NUM
cblr-2946	112	10	,	,	PUNCT
cblr-2946	112	11	at	at	ADP
cblr-2946	112	12	37	37	NUM
cblr-2946	112	13	.	.	PUNCT
cblr-2946	113	1	'	'	PUNCT
cblr-2946	113	2	9	9	NUM
cblr-2946	113	3	technical	technical	ADJ
cblr-2946	113	4	committee	committee	NOUN
cblr-2946	113	5	of	of	ADP
cblr-2946	113	6	the	the	DET
cblr-2946	113	7	international	international	ADJ
cblr-2946	113	8	organization	organization	NOUN
cblr-2946	113	9	of	of	ADP
cblr-2946	113	10	securities	security	NOUN
cblr-2946	113	11	commissions	commission	NOUN
cblr-2946	113	12	,	,	PUNCT
cblr-2946	113	13	the	the	DET
cblr-2946	113	14	role	role	NOUN
cblr-2946	113	15	of	of	ADP
cblr-2946	113	16	credit	credit	NOUN
cblr-2946	113	17	rating	rating	NOUN
cblr-2946	113	18	agencies	agency	NOUN
cblr-2946	113	19	in	in	ADP
cblr-2946	113	20	col	col	PROPN
cblr-2946	113	21	umia	umia	PROPN
cblr-2946	113	22	b	b	PROPN
cblr-2946	113	23	usiness	usiness	PROPN
cblr-2946	113	24	la	la	PROPN
cblr-2946	113	25	w	w	PROPN
cblr-2946	113	26	re	re	PROPN
cblr-2946	113	27	vie	vie	PROPN
cblr-2946	113	28	w	w	PROPN
cblr-2946	114	1	[	[	X
cblr-2946	114	2	vol	vol	NOUN
cblr-2946	114	3	.	.	PUNCT
cblr-2946	114	4	2009	2009	NUM
cblr-2946	114	5	no	no	NOUN
cblr-2946	114	6	.	.	PUNCT
cblr-2946	115	1	2:605	2:605	NUM
cblr-2946	115	2	]	]	X
cblr-2946	115	3	credit	credit	NOUN
cblr-2946	115	4	rating	rating	NOUN
cblr-2946	115	5	agencies	agency	NOUN
cblr-2946	115	6	and	and	CCONJ
cblr-2946	115	7	the	the	DET
cblr-2946	115	8	credit	credit	NOUN
cblr-2946	115	9	crisis	crisis	NOUN
cblr-2946	115	10	611	611	NUM
cblr-2946	115	11	ratings	rating	NOUN
cblr-2946	115	12	are	be	AUX
cblr-2946	115	13	intended	intend	VERB
cblr-2946	115	14	to	to	PART
cblr-2946	115	15	measure	measure	VERB
cblr-2946	115	16	and	and	CCONJ
cblr-2946	115	17	predict	predict	VERB
cblr-2946	115	18	the	the	DET
cblr-2946	115	19	probability	probability	NOUN
cblr-2946	115	20	of	of	ADP
cblr-2946	115	21	default	default	NOUN
cblr-2946	115	22	,	,	PUNCT
cblr-2946	115	23	or	or	CCONJ
cblr-2946	115	24	loss	loss	NOUN
cblr-2946	115	25	given	give	VERB
cblr-2946	115	26	default	default	NOUN
cblr-2946	115	27	,	,	PUNCT
cblr-2946	115	28	of	of	ADP
cblr-2946	115	29	an	an	DET
cblr-2946	115	30	issuer	issuer	NOUN
cblr-2946	115	31	or	or	CCONJ
cblr-2946	115	32	issuanee	issuanee	NOUN
cblr-2946	115	33	.	.	PUNCT
cblr-2946	116	1	instruments	instrument	NOUN
cblr-2946	116	2	rated	rate	VERB
cblr-2946	116	3	bbbor	bbbor	NOUN
cblr-2946	116	4	above	above	ADV
cblr-2946	116	5	are	be	AUX
cblr-2946	116	6	considered	consider	VERB
cblr-2946	116	7	"	"	PUNCT
cblr-2946	116	8	investment	investment	NOUN
cblr-2946	116	9	grade	grade	NOUN
cblr-2946	116	10	,	,	PUNCT
cblr-2946	116	11	"	"	PUNCT
cblr-2946	116	12	meaning	mean	VERB
cblr-2946	116	13	that	that	SCONJ
cblr-2946	116	14	the	the	DET
cblr-2946	116	15	cra	cra	PROPN
cblr-2946	116	16	believes	believe	VERB
cblr-2946	116	17	the	the	DET
cblr-2946	116	18	issuer	issuer	NOUN
cblr-2946	116	19	has	have	VERB
cblr-2946	116	20	at	at	ADV
cblr-2946	116	21	least	least	ADJ
cblr-2946	116	22	a	a	DET
cblr-2946	116	23	"	"	PUNCT
cblr-2946	116	24	good	good	ADJ
cblr-2946	116	25	"	"	PUNCT
cblr-2946	116	26	capacity	capacity	NOUN
cblr-2946	116	27	to	to	PART
cblr-2946	116	28	repay	repay	VERB
cblr-2946	116	29	principal	principal	NOUN
cblr-2946	116	30	and	and	CCONJ
cblr-2946	116	31	interest	interest	NOUN
cblr-2946	116	32	as	as	SCONJ
cblr-2946	116	33	scheduled.21	scheduled.21	PROPN
cblr-2946	116	34	obligations	obligation	NOUN
cblr-2946	116	35	with	with	ADP
cblr-2946	116	36	lower	low	ADJ
cblr-2946	116	37	ratings	rating	NOUN
cblr-2946	116	38	are	be	AUX
cblr-2946	116	39	considered	consider	VERB
cblr-2946	116	40	"	"	PUNCT
cblr-2946	116	41	speculative	speculative	ADJ
cblr-2946	116	42	"	"	PUNCT
cblr-2946	116	43	or	or	CCONJ
cblr-2946	116	44	"	"	PUNCT
cblr-2946	116	45	junk	junk	NOUN
cblr-2946	116	46	.	.	PUNCT
cblr-2946	117	1	"	"	PUNCT
cblr-2946	117	2	"	"	PUNCT
cblr-2946	117	3	cras	cras	X
cblr-2946	117	4	stress	stress	VERB
cblr-2946	117	5	that	that	SCONJ
cblr-2946	117	6	their	their	PRON
cblr-2946	117	7	ratings	rating	NOUN
cblr-2946	117	8	are	be	AUX
cblr-2946	117	9	simply	simply	ADV
cblr-2946	117	10	"	"	PUNCT
cblr-2946	117	11	opinions	opinion	NOUN
cblr-2946	117	12	"	"	PUNCT
cblr-2946	117	13	regarding	regard	VERB
cblr-2946	117	14	the	the	DET
cblr-2946	117	15	relative	relative	ADJ
cblr-2946	117	16	credit	credit	NOUN
cblr-2946	117	17	risk	risk	NOUN
cblr-2946	117	18	of	of	ADP
cblr-2946	117	19	the	the	DET
cblr-2946	117	20	rated	rate	VERB
cblr-2946	117	21	instrument	instrument	NOUN
cblr-2946	117	22	or	or	CCONJ
cblr-2946	117	23	issuer.23	issuer.23	PROPN
cblr-2946	117	24	thus	thus	ADV
cblr-2946	117	25	,	,	PUNCT
cblr-2946	117	26	a	a	DET
cblr-2946	117	27	higher	high	ADJ
cblr-2946	117	28	rating	rating	NOUN
cblr-2946	117	29	reflects	reflect	VERB
cblr-2946	117	30	the	the	DET
cblr-2946	117	31	cra	cra	PROPN
cblr-2946	117	32	's	's	PART
cblr-2946	117	33	belief	belief	NOUN
cblr-2946	117	34	that	that	SCONJ
cblr-2946	117	35	an	an	DET
cblr-2946	117	36	instrument	instrument	NOUN
cblr-2946	117	37	is	be	AUX
cblr-2946	117	38	of	of	ADP
cblr-2946	117	39	a	a	DET
cblr-2946	117	40	higher	high	ADJ
cblr-2946	117	41	credit	credit	NOUN
cblr-2946	117	42	quality	quality	NOUN
cblr-2946	117	43	than	than	ADP
cblr-2946	117	44	a	a	DET
cblr-2946	117	45	lower	low	ADJ
cblr-2946	117	46	rated	rate	VERB
cblr-2946	117	47	instrument	instrument	NOUN
cblr-2946	117	48	,	,	PUNCT
cblr-2946	117	49	but	but	CCONJ
cblr-2946	117	50	even	even	ADV
cblr-2946	117	51	a	a	DET
cblr-2946	117	52	aaa	aaa	NOUN
cblr-2946	117	53	rating	rating	NOUN
cblr-2946	117	54	is	be	AUX
cblr-2946	117	55	not	not	PART
cblr-2946	117	56	intended	intend	VERB
cblr-2946	117	57	as	as	ADP
cblr-2946	117	58	a	a	DET
cblr-2946	117	59	guarantee	guarantee	NOUN
cblr-2946	117	60	that	that	SCONJ
cblr-2946	117	61	the	the	DET
cblr-2946	117	62	instrument	instrument	NOUN
cblr-2946	117	63	will	will	AUX
cblr-2946	117	64	not	not	PART
cblr-2946	117	65	default	default	VERB
cblr-2946	117	66	;	;	PUNCT
cblr-2946	117	67	the	the	DET
cblr-2946	117	68	rating	rating	NOUN
cblr-2946	117	69	only	only	ADV
cblr-2946	117	70	reflects	reflect	VERB
cblr-2946	117	71	that	that	SCONJ
cblr-2946	117	72	the	the	DET
cblr-2946	117	73	cra	cra	PROPN
cblr-2946	117	74	believes	believe	VERB
cblr-2946	117	75	it	it	PRON
cblr-2946	117	76	is	be	AUX
cblr-2946	117	77	less	less	ADV
cblr-2946	117	78	likely	likely	ADJ
cblr-2946	117	79	to	to	PART
cblr-2946	117	80	default	default	VERB
cblr-2946	117	81	than	than	ADP
cblr-2946	117	82	an	an	DET
cblr-2946	117	83	instrument	instrument	NOUN
cblr-2946	117	84	with	with	ADP
cblr-2946	117	85	a	a	DET
cblr-2946	117	86	lower	low	ADJ
cblr-2946	117	87	rating.24	rating.24	NOUN
cblr-2946	117	88	despite	despite	SCONJ
cblr-2946	117	89	this	this	DET
cblr-2946	117	90	intended	intend	VERB
cblr-2946	117	91	limitation	limitation	NOUN
cblr-2946	117	92	,	,	PUNCT
cblr-2946	117	93	a	a	DET
cblr-2946	117	94	popular	popular	ADJ
cblr-2946	117	95	perception	perception	NOUN
cblr-2946	117	96	has	have	AUX
cblr-2946	117	97	developed	develop	VERB
cblr-2946	117	98	that	that	DET
cblr-2946	117	99	aaa	aaa	NOUN
cblr-2946	117	100	-	-	PUNCT
cblr-2946	117	101	rated	rate	VERB
cblr-2946	117	102	obligations	obligation	NOUN
cblr-2946	117	103	structured	structure	VERB
cblr-2946	117	104	finance	finance	NOUN
cblr-2946	117	105	markets	market	NOUN
cblr-2946	117	106	3	3	NUM
cblr-2946	117	107	(	(	PUNCT
cblr-2946	117	108	2008	2008	NUM
cblr-2946	117	109	)	)	PUNCT
cblr-2946	117	110	,	,	PUNCT
cblr-2946	117	111	available	available	ADJ
cblr-2946	117	112	at	at	ADP
cblr-2946	117	113	http://www.iosco.org/	http://www.iosco.org/	NOUN
cblr-2946	117	114	library	library	PROPN
cblr-2946	117	115	/	/	SYM
cblr-2946	117	116	pubdocs	pubdoc	NOUN
cblr-2946	117	117	/	/	SYM
cblr-2946	117	118	pdfioscopd270.pdf	pdfioscopd270.pdf	X
cblr-2946	118	1	[	[	X
cblr-2946	118	2	hereinafter	hereinafter	NOUN
cblr-2946	118	3	iosco	iosco	NOUN
cblr-2946	118	4	report	report	PROPN
cblr-2946	118	5	]	]	X
cblr-2946	118	6	;	;	PUNCT
cblr-2946	118	7	hill	hill	PROPN
cblr-2946	118	8	,	,	PUNCT
cblr-2946	118	9	supra	supra	PROPN
cblr-2946	118	10	note	note	PROPN
cblr-2946	118	11	7	7	NUM
cblr-2946	118	12	,	,	PUNCT
cblr-2946	118	13	at	at	ADP
cblr-2946	118	14	79	79	NUM
cblr-2946	118	15	(	(	PUNCT
cblr-2946	118	16	"	"	PUNCT
cblr-2946	118	17	while	while	SCONJ
cblr-2946	118	18	[	[	X
cblr-2946	118	19	cras	cras	X
cblr-2946	118	20	]	]	X
cblr-2946	118	21	do	do	AUX
cblr-2946	118	22	in	in	ADP
cblr-2946	118	23	-	-	PUNCT
cblr-2946	118	24	depth	depth	NOUN
cblr-2946	118	25	research	research	NOUN
cblr-2946	118	26	on	on	ADP
cblr-2946	118	27	companies	company	NOUN
cblr-2946	118	28	,	,	PUNCT
cblr-2946	118	29	they	they	PRON
cblr-2946	118	30	do	do	AUX
cblr-2946	118	31	not	not	PART
cblr-2946	118	32	purport	purport	VERB
cblr-2946	118	33	to	to	PART
cblr-2946	118	34	go	go	VERB
cblr-2946	118	35	beyond	beyond	ADP
cblr-2946	118	36	what	what	PRON
cblr-2946	118	37	company	company	NOUN
cblr-2946	118	38	officials	official	NOUN
cblr-2946	118	39	tell	tell	VERB
cblr-2946	118	40	them	they	PRON
cblr-2946	118	41	.	.	PUNCT
cblr-2946	118	42	"	"	PUNCT
cblr-2946	118	43	)	)	PUNCT
cblr-2946	118	44	.	.	PUNCT
cblr-2946	119	1	20	20	NUM
cblr-2946	119	2	sec	sec	PROPN
cblr-2946	119	3	june	june	PROPN
cblr-2946	119	4	2008	2008	NUM
cblr-2946	119	5	report	report	NOUN
cblr-2946	119	6	,	,	PUNCT
cblr-2946	119	7	supra	supra	PROPN
cblr-2946	119	8	note	note	PROPN
cblr-2946	119	9	14	14	NUM
cblr-2946	119	10	,	,	PUNCT
cblr-2946	119	11	at	at	ADP
cblr-2946	119	12	37	37	NUM
cblr-2946	119	13	.	.	PUNCT
cblr-2946	119	14	21	21	NUM
cblr-2946	119	15	hill	hill	NOUN
cblr-2946	119	16	,	,	PUNCT
cblr-2946	119	17	supra	supra	PROPN
cblr-2946	119	18	note	note	PROPN
cblr-2946	119	19	7	7	NUM
cblr-2946	119	20	,	,	PUNCT
cblr-2946	119	21	at	at	ADP
cblr-2946	119	22	48	48	NUM
cblr-2946	119	23	.	.	PUNCT
cblr-2946	120	1	22	22	NUM
cblr-2946	121	1	i	i	PRON
cblr-2946	121	2	d.	d.	PROPN
cblr-2946	121	3	23	23	NUM
cblr-2946	121	4	see	see	VERB
cblr-2946	121	5	,	,	PUNCT
cblr-2946	121	6	e.g.	e.g.	ADV
cblr-2946	121	7	,	,	PUNCT
cblr-2946	121	8	s&p	s&p	PROPN
cblr-2946	121	9	's	's	PART
cblr-2946	121	10	guide	guide	NOUN
cblr-2946	121	11	,	,	PUNCT
cblr-2946	121	12	supra	supra	PROPN
cblr-2946	121	13	note	note	NOUN
cblr-2946	121	14	15	15	NUM
cblr-2946	121	15	,	,	PUNCT
cblr-2946	121	16	at	at	ADP
cblr-2946	121	17	3	3	NUM
cblr-2946	121	18	(	(	PUNCT
cblr-2946	121	19	"	"	PUNCT
cblr-2946	121	20	[	[	X
cblr-2946	121	21	s&p	s&p	PROPN
cblr-2946	121	22	's	's	PART
cblr-2946	121	23	]	]	PUNCT
cblr-2946	121	24	ratings	rating	NOUN
cblr-2946	121	25	opinions	opinion	NOUN
cblr-2946	121	26	are	be	AUX
cblr-2946	121	27	based	base	VERB
cblr-2946	121	28	on	on	ADP
cblr-2946	121	29	analysis	analysis	NOUN
cblr-2946	121	30	by	by	ADP
cblr-2946	121	31	experienced	experienced	ADJ
cblr-2946	121	32	professionals	professional	NOUN
cblr-2946	121	33	who	who	PRON
cblr-2946	121	34	evaluate	evaluate	VERB
cblr-2946	121	35	and	and	CCONJ
cblr-2946	121	36	interpret	interpret	VERB
cblr-2946	121	37	information	information	NOUN
cblr-2946	121	38	received	receive	VERB
cblr-2946	121	39	from	from	ADP
cblr-2946	121	40	issuers	issuer	NOUN
cblr-2946	121	41	and	and	CCONJ
cblr-2946	121	42	other	other	ADJ
cblr-2946	121	43	available	available	ADJ
cblr-2946	121	44	sources	source	NOUN
cblr-2946	121	45	to	to	PART
cblr-2946	121	46	form	form	VERB
cblr-2946	121	47	a	a	DET
cblr-2946	121	48	considered	considered	ADJ
cblr-2946	121	49	opinion	opinion	NOUN
cblr-2946	121	50	....	....	PUNCT
cblr-2946	122	1	[	[	X
cblr-2946	122	2	tihese	tihese	NOUN
cblr-2946	122	3	ratings	rating	NOUN
cblr-2946	122	4	opinions	opinion	NOUN
cblr-2946	122	5	are	be	AUX
cblr-2946	122	6	not	not	PART
cblr-2946	122	7	intended	intend	VERB
cblr-2946	122	8	to	to	PART
cblr-2946	122	9	be	be	AUX
cblr-2946	122	10	a	a	DET
cblr-2946	122	11	prognosis	prognosis	NOUN
cblr-2946	122	12	or	or	CCONJ
cblr-2946	122	13	recommendation	recommendation	NOUN
cblr-2946	122	14	.	.	PUNCT
cblr-2946	122	15	"	"	PUNCT
cblr-2946	122	16	)	)	PUNCT
cblr-2946	122	17	;	;	PUNCT
cblr-2946	122	18	jerome	jerome	PROPN
cblr-2946	122	19	s.	s.	PROPN
cblr-2946	122	20	fons	fons	PROPN
cblr-2946	122	21	,	,	PUNCT
cblr-2946	122	22	richard	richard	PROPN
cblr-2946	122	23	cantor	cantor	PROPN
cblr-2946	122	24	&	&	CCONJ
cblr-2946	122	25	christopher	christopher	PROPN
cblr-2946	122	26	mahoney	mahoney	PROPN
cblr-2946	122	27	,	,	PUNCT
cblr-2946	122	28	moody	moody	PROPN
cblr-2946	122	29	's	's	PART
cblr-2946	122	30	investor	investor	NOUN
cblr-2946	122	31	service	service	NOUN
cblr-2946	122	32	,	,	PUNCT
cblr-2946	122	33	understanding	understand	VERB
cblr-2946	122	34	moody	moody	NOUN
cblr-2946	122	35	's	's	PART
cblr-2946	122	36	corporate	corporate	ADJ
cblr-2946	122	37	bond	bond	NOUN
cblr-2946	122	38	ratings	rating	NOUN
cblr-2946	122	39	and	and	CCONJ
cblr-2946	122	40	rating	rating	NOUN
cblr-2946	122	41	process	process	NOUN
cblr-2946	122	42	5	5	NUM
cblr-2946	122	43	(	(	PUNCT
cblr-2946	122	44	2002	2002	NUM
cblr-2946	122	45	)	)	PUNCT
cblr-2946	122	46	,	,	PUNCT
cblr-2946	122	47	available	available	ADJ
cblr-2946	122	48	at	at	ADP
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cblr-2946	122	50	9218.pdf	9218.pdf	PROPN
cblr-2946	122	51	(	(	PUNCT
cblr-2946	122	52	"	"	PUNCT
cblr-2946	122	53	moody	moody	NOUN
cblr-2946	122	54	's	's	PART
cblr-2946	122	55	rating	rating	NOUN
cblr-2946	122	56	is	be	AUX
cblr-2946	122	57	an	an	DET
cblr-2946	122	58	opinion	opinion	NOUN
cblr-2946	122	59	forecast	forecast	NOUN
cblr-2946	122	60	of	of	ADP
cblr-2946	122	61	an	an	DET
cblr-2946	122	62	issuer	issuer	NOUN
cblr-2946	122	63	's	's	PART
cblr-2946	122	64	future	future	ADJ
cblr-2946	122	65	relative	relative	ADJ
cblr-2946	122	66	creditworthiness	creditworthiness	NOUN
cblr-2946	122	67	.	.	PUNCT
cblr-2946	123	1	"	"	PUNCT
cblr-2946	123	2	)	)	PUNCT
cblr-2946	123	3	.	.	PUNCT
cblr-2946	124	1	24	24	NUM
cblr-2946	124	2	see	see	VERB
cblr-2946	124	3	,	,	PUNCT
cblr-2946	124	4	e.g.	e.g.	ADV
cblr-2946	124	5	,	,	PUNCT
cblr-2946	124	6	s&p	s&p	PROPN
cblr-2946	124	7	's	's	PART
cblr-2946	124	8	guide	guide	NOUN
cblr-2946	124	9	,	,	PUNCT
cblr-2946	124	10	supra	supra	PROPN
cblr-2946	124	11	note	note	NOUN
cblr-2946	124	12	15	15	NUM
cblr-2946	124	13	,	,	PUNCT
cblr-2946	124	14	at	at	ADP
cblr-2946	124	15	4	4	NUM
cblr-2946	124	16	(	(	PUNCT
cblr-2946	124	17	"	"	PUNCT
cblr-2946	124	18	[	[	X
cblr-2946	124	19	a	a	X
cblr-2946	124	20	]	]	X
cblr-2946	124	21	corporate	corporate	ADJ
cblr-2946	124	22	bond	bond	NOUN
cblr-2946	124	23	that	that	PRON
cblr-2946	124	24	is	be	AUX
cblr-2946	124	25	rated	rate	VERB
cblr-2946	124	26	'	'	PUNCT
cblr-2946	124	27	aa	aa	INTJ
cblr-2946	124	28	'	'	PUNCT
cblr-2946	124	29	is	be	AUX
cblr-2946	124	30	viewed	view	VERB
cblr-2946	124	31	by	by	ADP
cblr-2946	124	32	the	the	DET
cblr-2946	124	33	rating	rating	NOUN
cblr-2946	124	34	agency	agency	NOUN
cblr-2946	124	35	as	as	ADP
cblr-2946	124	36	having	have	VERB
cblr-2946	124	37	a	a	DET
cblr-2946	124	38	higher	high	ADJ
cblr-2946	124	39	credit	credit	NOUN
cblr-2946	124	40	quality	quality	NOUN
cblr-2946	124	41	than	than	ADP
cblr-2946	124	42	a	a	DET
cblr-2946	124	43	corporate	corporate	ADJ
cblr-2946	124	44	bond	bond	NOUN
cblr-2946	124	45	with	with	ADP
cblr-2946	124	46	a	a	DET
cblr-2946	124	47	'	'	PUNCT
cblr-2946	124	48	bbb	bbb	NOUN
cblr-2946	124	49	'	'	PART
cblr-2946	124	50	rating	rating	NOUN
cblr-2946	124	51	.	.	PUNCT
cblr-2946	125	1	but	but	CCONJ
cblr-2946	125	2	the	the	DET
cblr-2946	125	3	'	'	PUNCT
cblr-2946	125	4	aa	aa	NOUN
cblr-2946	125	5	'	'	PUNCT
cblr-2946	125	6	rating	rating	NOUN
cblr-2946	125	7	is	be	AUX
cblr-2946	125	8	n't	not	PART
cblr-2946	125	9	a	a	DET
cblr-2946	125	10	guarantee	guarantee	NOUN
cblr-2946	125	11	that	that	SCONJ
cblr-2946	125	12	it	it	PRON
cblr-2946	125	13	will	will	AUX
cblr-2946	125	14	not	not	PART
cblr-2946	125	15	default	default	VERB
cblr-2946	125	16	,	,	PUNCT
cblr-2946	125	17	only	only	ADV
cblr-2946	125	18	that	that	SCONJ
cblr-2946	125	19	,	,	PUNCT
cblr-2946	125	20	in	in	ADP
cblr-2946	125	21	the	the	DET
cblr-2946	125	22	agency	agency	NOUN
cblr-2946	125	23	's	's	PART
cblr-2946	125	24	opinion	opinion	NOUN
cblr-2946	125	25	,	,	PUNCT
cblr-2946	125	26	it	it	PRON
cblr-2946	125	27	is	be	AUX
cblr-2946	125	28	less	less	ADV
cblr-2946	125	29	likely	likely	ADJ
cblr-2946	125	30	to	to	PART
cblr-2946	125	31	default	default	VERB
cblr-2946	125	32	than	than	ADP
cblr-2946	125	33	the	the	DET
cblr-2946	125	34	'	'	PUNCT
cblr-2946	125	35	bbb	bbb	NOUN
cblr-2946	125	36	'	'	PUNCT
cblr-2946	125	37	bond	bond	NOUN
cblr-2946	125	38	.	.	PUNCT
cblr-2946	125	39	"	"	PUNCT
cblr-2946	125	40	)	)	PUNCT
cblr-2946	125	41	.	.	PUNCT
cblr-2946	126	1	columbia	columbia	PROPN
cblr-2946	126	2	business	business	PROPN
cblr-2946	126	3	law	law	PROPN
cblr-2946	126	4	review	review	NOUN
cblr-2946	126	5	essentially	essentially	ADV
cblr-2946	126	6	never	never	ADV
cblr-2946	126	7	default	default	NOUN
cblr-2946	126	8	,	,	PUNCT
cblr-2946	126	9	perhaps	perhaps	ADV
cblr-2946	126	10	given	give	VERB
cblr-2946	126	11	the	the	DET
cblr-2946	126	12	historical	historical	ADJ
cblr-2946	126	13	performance	performance	NOUN
cblr-2946	126	14	of	of	ADP
cblr-2946	126	15	such	such	ADJ
cblr-2946	126	16	highly	highly	ADV
cblr-2946	126	17	rated	rate	VERB
cblr-2946	126	18	instruments	instrument	NOUN
cblr-2946	126	19	.	.	PUNCT
cblr-2946	126	20	"	"	PUNCT
cblr-2946	127	1	a	a	DET
cblr-2946	127	2	cra	cra	PROPN
cblr-2946	127	3	may	may	AUX
cblr-2946	127	4	apply	apply	VERB
cblr-2946	127	5	to	to	ADP
cblr-2946	127	6	the	the	DET
cblr-2946	127	7	securities	securities	PROPN
cblr-2946	127	8	and	and	CCONJ
cblr-2946	127	9	exchange	exchange	PROPN
cblr-2946	127	10	commission	commission	PROPN
cblr-2946	127	11	(	(	PUNCT
cblr-2946	127	12	"	"	PUNCT
cblr-2946	127	13	sec	sec	PROPN
cblr-2946	127	14	"	"	PUNCT
cblr-2946	127	15	)	)	PUNCT
cblr-2946	127	16	for	for	ADP
cblr-2946	127	17	registration	registration	NOUN
cblr-2946	127	18	as	as	ADP
cblr-2946	127	19	a	a	DET
cblr-2946	127	20	"	"	PUNCT
cblr-2946	127	21	nationally	nationally	ADV
cblr-2946	127	22	recognized	recognize	VERB
cblr-2946	127	23	statistical	statistical	ADJ
cblr-2946	127	24	rating	rating	NOUN
cblr-2946	127	25	organization	organization	NOUN
cblr-2946	127	26	(	(	PUNCT
cblr-2946	127	27	'	'	PUNCT
cblr-2946	127	28	nrsro')."'26	nrsro')."'26	NOUN
cblr-2946	127	29	by	by	ADP
cblr-2946	127	30	so	so	ADV
cblr-2946	127	31	doing	do	VERB
cblr-2946	127	32	,	,	PUNCT
cblr-2946	127	33	the	the	DET
cblr-2946	127	34	cra	cra	PROPN
cblr-2946	127	35	agrees	agree	VERB
cblr-2946	127	36	to	to	ADP
cblr-2946	127	37	regulatory	regulatory	ADJ
cblr-2946	127	38	oversight	oversight	NOUN
cblr-2946	127	39	by	by	ADP
cblr-2946	127	40	the	the	DET
cblr-2946	127	41	sec.27	sec.27	PROPN
cblr-2946	127	42	in	in	ADP
cblr-2946	127	43	return	return	NOUN
cblr-2946	127	44	,	,	PUNCT
cblr-2946	127	45	issuers	issuer	NOUN
cblr-2946	127	46	and	and	CCONJ
cblr-2946	127	47	purchasers	purchaser	NOUN
cblr-2946	127	48	of	of	ADP
cblr-2946	127	49	securities	security	NOUN
cblr-2946	127	50	rated	rate	VERB
cblr-2946	127	51	by	by	ADP
cblr-2946	127	52	the	the	DET
cblr-2946	127	53	cra	cra	PROPN
cblr-2946	127	54	can	can	AUX
cblr-2946	127	55	receive	receive	VERB
cblr-2946	127	56	regulatory	regulatory	ADJ
cblr-2946	127	57	benefits	benefit	NOUN
cblr-2946	127	58	related	relate	VERB
cblr-2946	127	59	to	to	ADP
cblr-2946	127	60	various	various	ADJ
cblr-2946	127	61	sec	sec	PROPN
cblr-2946	127	62	regulations	regulation	NOUN
cblr-2946	127	63	that	that	PRON
cblr-2946	127	64	incorporate	incorporate	VERB
cblr-2946	127	65	nrsro	nrsro	ADJ
cblr-2946	127	66	ratings.2	ratings.2	ADV
cblr-2946	127	67	as	as	ADP
cblr-2946	127	68	of	of	ADP
cblr-2946	127	69	june	june	PROPN
cblr-2946	127	70	2008	2008	NUM
cblr-2946	127	71	,	,	PUNCT
cblr-2946	127	72	ten	ten	NUM
cblr-2946	127	73	companies	company	NOUN
cblr-2946	127	74	were	be	AUX
cblr-2946	127	75	registered	register	VERB
cblr-2946	127	76	with	with	ADP
cblr-2946	127	77	the	the	DET
cblr-2946	127	78	sec	sec	PROPN
cblr-2946	127	79	as	as	ADP
cblr-2946	127	80	nrsros	nrsros	PROPN
cblr-2946	127	81	.	.	PUNCT
cblr-2946	128	1	29	29	NUM
cblr-2946	129	1	despite	despite	SCONJ
cblr-2946	129	2	this	this	PRON
cblr-2946	129	3	,	,	PUNCT
cblr-2946	129	4	the	the	DET
cblr-2946	129	5	ratings	rating	NOUN
cblr-2946	129	6	market	market	NOUN
cblr-2946	129	7	remains	remain	VERB
cblr-2946	129	8	concentrated	concentrated	ADJ
cblr-2946	129	9	,	,	PUNCT
cblr-2946	129	10	with	with	ADP
cblr-2946	129	11	fitch	fitch	NOUN
cblr-2946	129	12	,	,	PUNCT
cblr-2946	129	13	moody	moody	NOUN
cblr-2946	129	14	's	's	PART
cblr-2946	129	15	,	,	PUNCT
cblr-2946	129	16	and	and	CCONJ
cblr-2946	129	17	s&p	s&p	PROPN
cblr-2946	129	18	having	having	AUX
cblr-2946	129	19	issued	issue	VERB
cblr-2946	129	20	almost	almost	ADV
cblr-2946	129	21	99	99	NUM
cblr-2946	129	22	%	%	NOUN
cblr-2946	129	23	of	of	ADP
cblr-2946	129	24	all	all	DET
cblr-2946	129	25	outstanding	outstanding	ADJ
cblr-2946	129	26	ratings	rating	NOUN
cblr-2946	129	27	.	.	PUNCT
cblr-2946	130	1	30	30	NUM
cblr-2946	130	2	while	while	SCONJ
cblr-2946	130	3	some	some	DET
cblr-2946	130	4	evidence	evidence	NOUN
cblr-2946	130	5	suggests	suggest	VERB
cblr-2946	130	6	that	that	SCONJ
cblr-2946	130	7	fitch	fitch	PROPN
cblr-2946	130	8	has	have	AUX
cblr-2946	130	9	significantly	significantly	ADV
cblr-2946	130	10	increased	increase	VERB
cblr-2946	130	11	its	its	PRON
cblr-2946	130	12	market	market	NOUN
cblr-2946	130	13	share	share	NOUN
cblr-2946	130	14	in	in	ADP
cblr-2946	130	15	the	the	DET
cblr-2946	130	16	last	last	ADJ
cblr-2946	130	17	decade	decade	NOUN
cblr-2946	130	18	and	and	CCONJ
cblr-2946	130	19	has	have	AUX
cblr-2946	130	20	thus	thus	ADV
cblr-2946	130	21	become	become	VERB
cblr-2946	130	22	a	a	DET
cblr-2946	130	23	more	more	ADV
cblr-2946	130	24	important	important	ADJ
cblr-2946	130	25	player	player	NOUN
cblr-2946	130	26	in	in	ADP
cblr-2946	130	27	the	the	DET
cblr-2946	130	28	cra	cra	PROPN
cblr-2946	130	29	market	market	NOUN
cblr-2946	130	30	,	,	PUNCT
cblr-2946	130	31	commentators	commentator	NOUN
cblr-2946	130	32	have	have	AUX
cblr-2946	130	33	traditionally	traditionally	ADV
cblr-2946	130	34	considered	consider	VERB
cblr-2946	130	35	moody	moody	ADJ
cblr-2946	130	36	's	's	PART
cblr-2946	130	37	and	and	CCONJ
cblr-2946	130	38	s&p	s&p	PROPN
cblr-2946	130	39	as	as	ADP
cblr-2946	130	40	the	the	DET
cblr-2946	130	41	most	most	ADV
cblr-2946	130	42	2	2	NUM
cblr-2946	130	43	see	see	NOUN
cblr-2946	130	44	,	,	PUNCT
cblr-2946	130	45	e.g.	e.g.	ADV
cblr-2946	130	46	,	,	PUNCT
cblr-2946	130	47	hill	hill	NOUN
cblr-2946	130	48	,	,	PUNCT
cblr-2946	130	49	supra	supra	PROPN
cblr-2946	130	50	note	note	PROPN
cblr-2946	130	51	7	7	NUM
cblr-2946	130	52	,	,	PUNCT
cblr-2946	130	53	at	at	ADP
cblr-2946	130	54	48	48	NUM
cblr-2946	130	55	(	(	PUNCT
cblr-2946	130	56	"	"	PUNCT
cblr-2946	130	57	[	[	X
cblr-2946	130	58	an	an	DET
cblr-2946	130	59	investor	investor	NOUN
cblr-2946	130	60	can	can	AUX
cblr-2946	130	61	rest	rest	VERB
cblr-2946	130	62	almost	almost	ADV
cblr-2946	130	63	completely	completely	ADV
cblr-2946	130	64	assured	assure	VERB
cblr-2946	130	65	that	that	SCONJ
cblr-2946	130	66	an	an	DET
cblr-2946	130	67	instrument	instrument	NOUN
cblr-2946	130	68	rated	rate	VERB
cblr-2946	130	69	aaa	aaa	NOUN
cblr-2946	130	70	will	will	AUX
cblr-2946	130	71	pay	pay	VERB
cblr-2946	130	72	principal	principal	NOUN
cblr-2946	130	73	and	and	CCONJ
cblr-2946	130	74	interest	interest	NOUN
cblr-2946	130	75	as	as	SCONJ
cblr-2946	130	76	scheduled	schedule	VERB
cblr-2946	130	77	.	.	PUNCT
cblr-2946	131	1	"	"	PUNCT
cblr-2946	131	2	)	)	PUNCT
cblr-2946	131	3	.	.	PUNCT
cblr-2946	132	1	indeed	indeed	ADV
cblr-2946	132	2	,	,	PUNCT
cblr-2946	132	3	based	base	VERB
cblr-2946	132	4	on	on	ADP
cblr-2946	132	5	moody	moody	PROPN
cblr-2946	132	6	's	's	PART
cblr-2946	132	7	historical	historical	ADJ
cblr-2946	132	8	data	datum	NOUN
cblr-2946	132	9	from	from	ADP
cblr-2946	132	10	the	the	DET
cblr-2946	132	11	period	period	NOUN
cblr-2946	132	12	1970	1970	NUM
cblr-2946	132	13	-	-	SYM
cblr-2946	132	14	2007	2007	NUM
cblr-2946	132	15	,	,	PUNCT
cblr-2946	132	16	the	the	DET
cblr-2946	132	17	probability	probability	NOUN
cblr-2946	132	18	that	that	SCONJ
cblr-2946	132	19	a	a	DET
cblr-2946	132	20	aaa	aaa	NOUN
cblr-2946	132	21	-	-	PUNCT
cblr-2946	132	22	rated	rate	VERB
cblr-2946	132	23	corporate	corporate	ADJ
cblr-2946	132	24	bond	bond	NOUN
cblr-2946	132	25	will	will	AUX
cblr-2946	132	26	have	have	AUX
cblr-2946	132	27	defaulted	default	VERB
cblr-2946	132	28	one	one	NUM
cblr-2946	132	29	year	year	NOUN
cblr-2946	132	30	later	later	ADV
cblr-2946	132	31	is	be	AUX
cblr-2946	132	32	approximately	approximately	ADV
cblr-2946	132	33	0.0	0.0	NUM
cblr-2946	132	34	%	%	NOUN
cblr-2946	132	35	.	.	PUNCT
cblr-2946	133	1	jennifer	jennifer	PROPN
cblr-2946	133	2	tennant	tennant	PROPN
cblr-2946	133	3	,	,	PUNCT
cblr-2946	133	4	kenneth	kenneth	PROPN
cblr-2946	133	5	emery	emery	PROPN
cblr-2946	133	6	&	&	CCONJ
cblr-2946	133	7	richard	richard	PROPN
cblr-2946	133	8	cantor	cantor	PROPN
cblr-2946	133	9	,	,	PUNCT
cblr-2946	133	10	moody	moody	PROPN
cblr-2946	133	11	's	's	PART
cblr-2946	133	12	investor	investor	NOUN
cblr-2946	133	13	service	service	NOUN
cblr-2946	133	14	,	,	PUNCT
cblr-2946	133	15	moody	moody	PROPN
cblr-2946	133	16	's	's	PART
cblr-2946	133	17	credit	credit	NOUN
cblr-2946	133	18	policy	policy	NOUN
cblr-2946	133	19	:	:	PUNCT
cblr-2946	133	20	corporate	corporate	ADJ
cblr-2946	133	21	one	one	NUM
cblr-2946	133	22	-	-	PUNCT
cblr-2946	133	23	to	to	ADP
cblr-2946	133	24	-	-	PUNCT
cblr-2946	133	25	five	five	NUM
cblr-2946	133	26	-	-	PUNCT
cblr-2946	133	27	year	year	NOUN
cblr-2946	133	28	rating	rating	NOUN
cblr-2946	133	29	transition	transition	NOUN
cblr-2946	133	30	rates	rate	NOUN
cblr-2946	133	31	2	2	NUM
cblr-2946	133	32	(	(	PUNCT
cblr-2946	133	33	2008	2008	NUM
cblr-2946	133	34	)	)	PUNCT
cblr-2946	133	35	,	,	PUNCT
cblr-2946	133	36	available	available	ADJ
cblr-2946	133	37	at	at	ADP
cblr-2946	133	38	http://www.moodys.com	http://www.moodys.com	X
cblr-2946	133	39	(	(	PUNCT
cblr-2946	133	40	follow	follow	VERB
cblr-2946	133	41	"	"	PUNCT
cblr-2946	133	42	rating	rating	NOUN
cblr-2946	133	43	methodologies	methodology	NOUN
cblr-2946	133	44	and	and	CCONJ
cblr-2946	133	45	performance	performance	NOUN
cblr-2946	133	46	"	"	PUNCT
cblr-2946	133	47	hyperlink	hyperlink	NOUN
cblr-2946	133	48	to	to	ADP
cblr-2946	133	49	"	"	PUNCT
cblr-2946	133	50	historical	historical	ADJ
cblr-2946	133	51	performance	performance	NOUN
cblr-2946	133	52	"	"	PUNCT
cblr-2946	133	53	hyperlink	hyperlink	NOUN
cblr-2946	133	54	for	for	ADP
cblr-2946	133	55	list	list	NOUN
cblr-2946	133	56	of	of	ADP
cblr-2946	133	57	research	research	NOUN
cblr-2946	133	58	)	)	PUNCT
cblr-2946	133	59	.	.	PUNCT
cblr-2946	134	1	26	26	NUM
cblr-2946	134	2	registration	registration	NOUN
cblr-2946	134	3	of	of	ADP
cblr-2946	134	4	nationally	nationally	ADV
cblr-2946	134	5	recognized	recognize	VERB
cblr-2946	134	6	statistical	statistical	ADJ
cblr-2946	134	7	rating	rating	NOUN
cblr-2946	134	8	organizations	organization	NOUN
cblr-2946	134	9	,	,	PUNCT
cblr-2946	134	10	15	15	NUM
cblr-2946	134	11	u.s.c	u.s.c	ADJ
cblr-2946	134	12	.	.	PUNCT
cblr-2946	135	1	§	§	PROPN
cblr-2946	135	2	78o-7	78o-7	PROPN
cblr-2946	135	3	(	(	PUNCT
cblr-2946	135	4	2009	2009	NUM
cblr-2946	135	5	)	)	PUNCT
cblr-2946	135	6	.	.	PUNCT
cblr-2946	136	1	this	this	DET
cblr-2946	136	2	statute	statute	NOUN
cblr-2946	136	3	is	be	AUX
cblr-2946	136	4	popularly	popularly	ADV
cblr-2946	136	5	referred	refer	VERB
cblr-2946	136	6	to	to	ADP
cblr-2946	136	7	as	as	ADP
cblr-2946	136	8	the	the	DET
cblr-2946	136	9	credit	credit	NOUN
cblr-2946	136	10	rating	rating	NOUN
cblr-2946	136	11	agency	agency	PROPN
cblr-2946	136	12	reform	reform	PROPN
cblr-2946	136	13	act	act	NOUN
cblr-2946	136	14	of	of	ADP
cblr-2946	136	15	2006	2006	NUM
cblr-2946	136	16	.	.	PUNCT
cblr-2946	137	1	27	27	NUM
cblr-2946	138	1	i	i	PRON
cblr-2946	138	2	d.	d.	PROPN
cblr-2946	138	3	2	2	NUM
cblr-2946	138	4	'	'	PUNCT
cblr-2946	138	5	the	the	DET
cblr-2946	138	6	sec	sec	PROPN
cblr-2946	138	7	is	be	AUX
cblr-2946	138	8	not	not	PART
cblr-2946	138	9	the	the	DET
cblr-2946	138	10	only	only	ADJ
cblr-2946	138	11	administrative	administrative	ADJ
cblr-2946	138	12	body	body	NOUN
cblr-2946	138	13	to	to	PART
cblr-2946	138	14	incorporate	incorporate	VERB
cblr-2946	138	15	nrsro	nrsro	ADJ
cblr-2946	138	16	ratings	rating	NOUN
cblr-2946	138	17	into	into	ADP
cblr-2946	138	18	its	its	PRON
cblr-2946	138	19	regulatory	regulatory	ADJ
cblr-2946	138	20	framework	framework	NOUN
cblr-2946	138	21	.	.	PUNCT
cblr-2946	139	1	see	see	VERB
cblr-2946	139	2	infra	infra	NOUN
cblr-2946	139	3	part	part	NOUN
cblr-2946	139	4	iii.a	iii.a	PROPN
cblr-2946	139	5	.	.	NOUN
cblr-2946	139	6	1	1	NUM
cblr-2946	139	7	.	.	NUM
cblr-2946	139	8	29	29	NUM
cblr-2946	139	9	sec	sec	PROPN
cblr-2946	139	10	june	june	PROPN
cblr-2946	139	11	2008	2008	NUM
cblr-2946	139	12	report	report	NOUN
cblr-2946	139	13	,	,	PUNCT
cblr-2946	139	14	supra	supra	PROPN
cblr-2946	139	15	note	note	PROPN
cblr-2946	139	16	14	14	NUM
cblr-2946	139	17	,	,	PUNCT
cblr-2946	139	18	at	at	ADP
cblr-2946	139	19	34	34	NUM
cblr-2946	139	20	.	.	PUNCT
cblr-2946	140	1	'	'	NUM
cblr-2946	140	2	0	0	NUM
cblr-2946	141	1	i	i	PRON
cblr-2946	141	2	d.	d.	PROPN
cblr-2946	141	3	at	at	ADP
cblr-2946	141	4	35	35	NUM
cblr-2946	141	5	.	.	PUNCT
cblr-2946	142	1	the	the	DET
cblr-2946	142	2	herfindahl	herfindahl	NOUN
cblr-2946	142	3	-	-	PUNCT
cblr-2946	142	4	hirschmann	hirschmann	ADJ
cblr-2946	142	5	index	index	NOUN
cblr-2946	142	6	(	(	PUNCT
cblr-2946	142	7	hhi	hhi	PROPN
cblr-2946	142	8	)	)	PUNCT
cblr-2946	142	9	,	,	PUNCT
cblr-2946	142	10	the	the	DET
cblr-2946	142	11	measure	measure	NOUN
cblr-2946	142	12	generally	generally	ADV
cblr-2946	142	13	used	use	VERB
cblr-2946	142	14	by	by	ADP
cblr-2946	142	15	economists	economist	NOUN
cblr-2946	142	16	to	to	PART
cblr-2946	142	17	measure	measure	VERB
cblr-2946	142	18	market	market	NOUN
cblr-2946	142	19	concentration	concentration	NOUN
cblr-2946	142	20	,	,	PUNCT
cblr-2946	142	21	of	of	ADP
cblr-2946	142	22	nrsros	nrsros	PROPN
cblr-2946	142	23	is	be	AUX
cblr-2946	142	24	3778	3778	NUM
cblr-2946	142	25	points	point	NOUN
cblr-2946	142	26	.	.	PUNCT
cblr-2946	143	1	i	i	PRON
cblr-2946	143	2	d.	d.	PROPN
cblr-2946	143	3	at	at	ADP
cblr-2946	143	4	35	35	NUM
cblr-2946	143	5	-	-	SYM
cblr-2946	143	6	36	36	NUM
cblr-2946	143	7	.	.	PUNCT
cblr-2946	144	1	an	an	DET
cblr-2946	144	2	hhi	hhi	NOUN
cblr-2946	144	3	above	above	ADP
cblr-2946	144	4	1800	1800	NUM
cblr-2946	144	5	points	point	NOUN
cblr-2946	144	6	is	be	AUX
cblr-2946	144	7	considered	consider	VERB
cblr-2946	144	8	concentrated	concentrated	ADJ
cblr-2946	144	9	.	.	PUNCT
cblr-2946	145	1	the	the	DET
cblr-2946	145	2	herfindahl	herfindahl	NOUN
cblr-2946	145	3	-	-	PUNCT
cblr-2946	145	4	hirschmann	hirschmann	ADJ
cblr-2946	145	5	index	index	NOUN
cblr-2946	145	6	,	,	PUNCT
cblr-2946	145	7	http://www	http://www	PROPN
cblr-2946	145	8	.	.	PUNCT
cblr-2946	146	1	usdoj.gov/atr/public/testimony/hhi.htm	usdoj.gov/atr/public/testimony/hhi.htm	NOUN
cblr-2946	146	2	.	.	PUNCT
cblr-2946	147	1	[	[	X
cblr-2946	147	2	vol	vol	NOUN
cblr-2946	147	3	.	.	PUNCT
cblr-2946	147	4	2009	2009	NUM
cblr-2946	147	5	no	no	NOUN
cblr-2946	147	6	.	.	PUNCT
cblr-2946	148	1	2:605	2:605	NUM
cblr-2946	148	2	]	]	X
cblr-2946	148	3	credit	credit	NOUN
cblr-2946	148	4	rating	rating	NOUN
cblr-2946	148	5	agencies	agency	NOUN
cblr-2946	148	6	and	and	CCONJ
cblr-2946	148	7	the	the	DET
cblr-2946	148	8	credit	credit	NOUN
cblr-2946	148	9	crisis	crisis	NOUN
cblr-2946	148	10	613	613	NUM
cblr-2946	148	11	prominent	prominent	ADJ
cblr-2946	148	12	agencies	agency	NOUN
cblr-2946	148	13	,	,	PUNCT
cblr-2946	148	14	ranking	rank	VERB
cblr-2946	148	15	fitch	fitch	NOUN
cblr-2946	148	16	a	a	DET
cblr-2946	148	17	distant	distant	ADJ
cblr-2946	148	18	third	third	NOUN
cblr-2946	148	19	.	.	PUNCT
cblr-2946	149	1	1	1	NUM
cblr-2946	149	2	indeed	indeed	ADV
cblr-2946	149	3	,	,	PUNCT
cblr-2946	149	4	scholars	scholar	NOUN
cblr-2946	149	5	note	note	VERB
cblr-2946	149	6	that	that	SCONJ
cblr-2946	149	7	a	a	DET
cblr-2946	149	8	two	two	NUM
cblr-2946	149	9	rating	rating	NOUN
cblr-2946	149	10	norm	norm	NOUN
cblr-2946	149	11	has	have	AUX
cblr-2946	149	12	historically	historically	ADV
cblr-2946	149	13	existed	exist	VERB
cblr-2946	149	14	where	where	SCONJ
cblr-2946	149	15	issuers	issuer	NOUN
cblr-2946	149	16	usually	usually	ADV
cblr-2946	149	17	try	try	VERB
cblr-2946	149	18	to	to	PART
cblr-2946	149	19	obtain	obtain	VERB
cblr-2946	149	20	ratings	rating	NOUN
cblr-2946	149	21	from	from	ADP
cblr-2946	149	22	moody	moody	PROPN
cblr-2946	149	23	's	's	PART
cblr-2946	149	24	ands&p.32	ands&p.32	PROPN
cblr-2946	149	25	b.	b.	PROPN
cblr-2946	149	26	the	the	DET
cblr-2946	149	27	credit	credit	NOUN
cblr-2946	149	28	crisis	crisis	NOUN
cblr-2946	149	29	the	the	DET
cblr-2946	149	30	credit	credit	NOUN
cblr-2946	149	31	crisis	crisis	NOUN
cblr-2946	149	32	that	that	PRON
cblr-2946	149	33	began	begin	VERB
cblr-2946	149	34	in	in	ADP
cblr-2946	149	35	2007	2007	NUM
cblr-2946	149	36	involved	involve	VERB
cblr-2946	149	37	a	a	DET
cblr-2946	149	38	complex	complex	ADJ
cblr-2946	149	39	amalgamation	amalgamation	NOUN
cblr-2946	149	40	of	of	ADP
cblr-2946	149	41	macroand	macroand	NOUN
cblr-2946	149	42	microeconomic	microeconomic	ADJ
cblr-2946	149	43	factors	factor	NOUN
cblr-2946	149	44	,	,	PUNCT
cblr-2946	149	45	a	a	DET
cblr-2946	149	46	full	full	ADJ
cblr-2946	149	47	analysis	analysis	NOUN
cblr-2946	149	48	of	of	ADP
cblr-2946	149	49	which	which	PRON
cblr-2946	149	50	is	be	AUX
cblr-2946	149	51	beyond	beyond	ADP
cblr-2946	149	52	the	the	DET
cblr-2946	149	53	scope	scope	NOUN
cblr-2946	149	54	of	of	ADP
cblr-2946	149	55	this	this	DET
cblr-2946	149	56	note	note	NOUN
cblr-2946	149	57	.	.	PUNCT
cblr-2946	150	1	however	however	ADV
cblr-2946	150	2	,	,	PUNCT
cblr-2946	150	3	in	in	ADP
cblr-2946	150	4	order	order	NOUN
cblr-2946	150	5	to	to	PART
cblr-2946	150	6	understand	understand	VERB
cblr-2946	150	7	why	why	SCONJ
cblr-2946	150	8	regulators	regulator	NOUN
cblr-2946	150	9	and	and	CCONJ
cblr-2946	150	10	commentators	commentator	NOUN
cblr-2946	150	11	have	have	AUX
cblr-2946	150	12	identified	identify	VERB
cblr-2946	150	13	cras	cra	NOUN
cblr-2946	150	14	as	as	ADP
cblr-2946	150	15	a	a	DET
cblr-2946	150	16	villain	villain	NOUN
cblr-2946	150	17	of	of	ADP
cblr-2946	150	18	the	the	DET
cblr-2946	150	19	credit	credit	NOUN
cblr-2946	150	20	crisis	crisis	NOUN
cblr-2946	150	21	,	,	PUNCT
cblr-2946	150	22	an	an	DET
cblr-2946	150	23	understanding	understanding	NOUN
cblr-2946	150	24	of	of	ADP
cblr-2946	150	25	subprime	subprime	ADJ
cblr-2946	150	26	mortgage	mortgage	NOUN
cblr-2946	150	27	origination	origination	NOUN
cblr-2946	150	28	,	,	PUNCT
cblr-2946	150	29	the	the	DET
cblr-2946	150	30	securities	security	NOUN
cblr-2946	150	31	that	that	PRON
cblr-2946	150	32	those	those	DET
cblr-2946	150	33	mortgages	mortgage	NOUN
cblr-2946	150	34	were	be	AUX
cblr-2946	150	35	later	later	ADV
cblr-2946	150	36	packaged	package	VERB
cblr-2946	150	37	into	into	ADP
cblr-2946	150	38	,	,	PUNCT
cblr-2946	150	39	and	and	CCONJ
cblr-2946	150	40	the	the	DET
cblr-2946	150	41	role	role	NOUN
cblr-2946	150	42	of	of	ADP
cblr-2946	150	43	nrsros	nrsros	PROPN
cblr-2946	150	44	in	in	ADP
cblr-2946	150	45	rating	rate	VERB
cblr-2946	150	46	those	those	DET
cblr-2946	150	47	securities	security	NOUN
cblr-2946	150	48	is	be	AUX
cblr-2946	150	49	helpful	helpful	ADJ
cblr-2946	150	50	.	.	PUNCT
cblr-2946	151	1	1	1	X
cblr-2946	151	2	.	.	X
cblr-2946	151	3	subprime	subprime	ADJ
cblr-2946	151	4	mortgage	mortgage	NOUN
cblr-2946	151	5	origination	origination	NOUN
cblr-2946	151	6	the	the	DET
cblr-2946	151	7	story	story	NOUN
cblr-2946	151	8	of	of	ADP
cblr-2946	151	9	cra	cra	PROPN
cblr-2946	151	10	involvement	involvement	NOUN
cblr-2946	151	11	in	in	ADP
cblr-2946	151	12	the	the	DET
cblr-2946	151	13	ongoing	ongoing	ADJ
cblr-2946	151	14	credit	credit	NOUN
cblr-2946	151	15	crisis	crisis	NOUN
cblr-2946	151	16	appears	appear	VERB
cblr-2946	151	17	to	to	PART
cblr-2946	151	18	begin	begin	VERB
cblr-2946	151	19	with	with	ADP
cblr-2946	151	20	the	the	DET
cblr-2946	151	21	increase	increase	NOUN
cblr-2946	151	22	in	in	ADP
cblr-2946	151	23	subprime	subprime	ADJ
cblr-2946	151	24	mortgage	mortgage	NOUN
cblr-2946	151	25	origination	origination	NOUN
cblr-2946	151	26	that	that	PRON
cblr-2946	151	27	occurred	occur	VERB
cblr-2946	151	28	during	during	ADP
cblr-2946	151	29	the	the	DET
cblr-2946	151	30	first	first	ADJ
cblr-2946	151	31	half	half	NOUN
cblr-2946	151	32	of	of	ADP
cblr-2946	151	33	the	the	DET
cblr-2946	151	34	current	current	ADJ
cblr-2946	151	35	31	31	NUM
cblr-2946	151	36	coffee	coffee	NOUN
cblr-2946	151	37	,	,	PUNCT
cblr-2946	151	38	supra	supra	PROPN
cblr-2946	151	39	note	note	NOUN
cblr-2946	151	40	7	7	NUM
cblr-2946	151	41	,	,	PUNCT
cblr-2946	151	42	at	at	ADP
cblr-2946	151	43	284	284	NUM
cblr-2946	151	44	(	(	PUNCT
cblr-2946	151	45	noting	note	VERB
cblr-2946	151	46	that	that	SCONJ
cblr-2946	151	47	fitch	fitch	PROPN
cblr-2946	151	48	is	be	AUX
cblr-2946	151	49	most	most	ADV
cblr-2946	151	50	active	active	ADJ
cblr-2946	151	51	in	in	ADP
cblr-2946	151	52	specialized	specialized	ADJ
cblr-2946	151	53	and	and	CCONJ
cblr-2946	151	54	international	international	ADJ
cblr-2946	151	55	markets	market	NOUN
cblr-2946	151	56	)	)	PUNCT
cblr-2946	151	57	.	.	PUNCT
cblr-2946	152	1	cf	cf	PROPN
cblr-2946	152	2	john	john	PROPN
cblr-2946	152	3	c.	c.	PROPN
cblr-2946	152	4	coffee	coffee	PROPN
cblr-2946	152	5	,	,	PUNCT
cblr-2946	152	6	sec	sec	PROPN
cblr-2946	152	7	's	's	PART
cblr-2946	152	8	new	new	ADJ
cblr-2946	152	9	rules	rule	NOUN
cblr-2946	152	10	fail	fail	VERB
cblr-2946	152	11	to	to	PART
cblr-2946	152	12	address	address	VERB
cblr-2946	152	13	key	key	ADJ
cblr-2946	152	14	rating	rating	NOUN
cblr-2946	152	15	issues	issue	NOUN
cblr-2946	152	16	,	,	PUNCT
cblr-2946	152	17	n.y.l.j	n.y.l.j	PROPN
cblr-2946	152	18	.	.	PROPN
cblr-2946	152	19	,	,	PUNCT
cblr-2946	152	20	jan	jan	PROPN
cblr-2946	152	21	.	.	PROPN
cblr-2946	152	22	15	15	NUM
cblr-2946	152	23	,	,	PUNCT
cblr-2946	152	24	2009	2009	NUM
cblr-2946	152	25	(	(	PUNCT
cblr-2946	152	26	citing	cite	VERB
cblr-2946	152	27	bo	bo	PROPN
cblr-2946	152	28	becker	becker	PROPN
cblr-2946	152	29	and	and	CCONJ
cblr-2946	152	30	todd	todd	PROPN
cblr-2946	152	31	milbourn	milbourn	NOUN
cblr-2946	152	32	,	,	PUNCT
cblr-2946	152	33	reputation	reputation	NOUN
cblr-2946	152	34	and	and	CCONJ
cblr-2946	152	35	competition	competition	NOUN
cblr-2946	152	36	:	:	PUNCT
cblr-2946	152	37	evidence	evidence	NOUN
cblr-2946	152	38	from	from	ADP
cblr-2946	152	39	the	the	DET
cblr-2946	152	40	credit	credit	NOUN
cblr-2946	152	41	rating	rating	NOUN
cblr-2946	152	42	industry	industry	NOUN
cblr-2946	152	43	,	,	PUNCT
cblr-2946	152	44	harvard	harvard	PROPN
cblr-2946	152	45	business	business	PROPN
cblr-2946	152	46	school	school	PROPN
cblr-2946	152	47	working	working	NOUN
cblr-2946	152	48	paper	paper	NOUN
cblr-2946	152	49	09051	09051	NUM
cblr-2946	152	50	,	,	PUNCT
cblr-2946	152	51	at	at	ADP
cblr-2946	152	52	4	4	NUM
cblr-2946	152	53	,	,	PUNCT
cblr-2946	152	54	available	available	ADJ
cblr-2946	152	55	at	at	ADP
cblr-2946	152	56	http://ssrn.com/abstract=1278150	http://ssrn.com/abstract=1278150	NOUN
cblr-2946	152	57	)	)	PUNCT
cblr-2946	152	58	(	(	PUNCT
cblr-2946	152	59	describing	describe	VERB
cblr-2946	152	60	a	a	DET
cblr-2946	152	61	recent	recent	ADJ
cblr-2946	152	62	study	study	NOUN
cblr-2946	152	63	that	that	PRON
cblr-2946	152	64	found	find	VERB
cblr-2946	152	65	that	that	SCONJ
cblr-2946	152	66	fitch	fitch	NOUN
cblr-2946	152	67	increased	increase	VERB
cblr-2946	152	68	its	its	PRON
cblr-2946	152	69	market	market	NOUN
cblr-2946	152	70	share	share	NOUN
cblr-2946	152	71	from	from	ADP
cblr-2946	152	72	ten	ten	NUM
cblr-2946	152	73	percent	percent	NOUN
cblr-2946	152	74	to	to	ADP
cblr-2946	152	75	approximately	approximately	ADV
cblr-2946	152	76	one	one	NUM
cblr-2946	152	77	-	-	PUNCT
cblr-2946	152	78	third	third	NOUN
cblr-2946	152	79	since	since	SCONJ
cblr-2946	152	80	fitch	fitch	PROPN
cblr-2946	152	81	was	be	AUX
cblr-2946	152	82	acquired	acquire	VERB
cblr-2946	152	83	by	by	ADP
cblr-2946	152	84	fimalac	fimalac	NOUN
cblr-2946	152	85	in	in	ADP
cblr-2946	152	86	1997	1997	NUM
cblr-2946	152	87	)	)	PUNCT
cblr-2946	152	88	.	.	PUNCT
cblr-2946	153	1	32	32	NUM
cblr-2946	153	2	hill	hill	NOUN
cblr-2946	153	3	,	,	PUNCT
cblr-2946	153	4	supra	supra	PROPN
cblr-2946	153	5	note	note	PROPN
cblr-2946	153	6	7	7	NUM
cblr-2946	153	7	,	,	PUNCT
cblr-2946	153	8	at	at	ADP
cblr-2946	153	9	59	59	NUM
cblr-2946	153	10	-	-	SYM
cblr-2946	153	11	60	60	NUM
cblr-2946	153	12	(	(	PUNCT
cblr-2946	153	13	noting	note	VERB
cblr-2946	153	14	that	that	SCONJ
cblr-2946	153	15	a	a	DET
cblr-2946	153	16	two	two	NUM
cblr-2946	153	17	-	-	PUNCT
cblr-2946	153	18	rating	rating	NOUN
cblr-2946	153	19	norm	norm	NOUN
cblr-2946	153	20	has	have	AUX
cblr-2946	153	21	developed	develop	VERB
cblr-2946	153	22	,	,	PUNCT
cblr-2946	153	23	where	where	SCONJ
cblr-2946	153	24	issuers	issuer	NOUN
cblr-2946	153	25	usually	usually	ADV
cblr-2946	153	26	try	try	VERB
cblr-2946	153	27	to	to	PART
cblr-2946	153	28	obtain	obtain	VERB
cblr-2946	153	29	ratings	rating	NOUN
cblr-2946	153	30	from	from	ADP
cblr-2946	153	31	moody	moody	NOUN
cblr-2946	153	32	's	's	PART
cblr-2946	153	33	and	and	CCONJ
cblr-2946	153	34	s&p	s&p	PROPN
cblr-2946	153	35	,	,	PUNCT
cblr-2946	153	36	and	and	CCONJ
cblr-2946	153	37	only	only	ADV
cblr-2946	153	38	occasionally	occasionally	ADV
cblr-2946	153	39	use	use	VERB
cblr-2946	153	40	fitch	fitch	NOUN
cblr-2946	153	41	)	)	PUNCT
cblr-2946	153	42	.	.	PUNCT
cblr-2946	154	1	31	31	NUM
cblr-2946	155	1	"	"	PUNCT
cblr-2946	155	2	the	the	DET
cblr-2946	155	3	so	so	ADV
cblr-2946	155	4	-	-	PUNCT
cblr-2946	155	5	called	call	VERB
cblr-2946	155	6	'	'	PUNCT
cblr-2946	155	7	worldwide	worldwide	ADJ
cblr-2946	155	8	credit	credit	NOUN
cblr-2946	155	9	crisis	crisis	NOUN
cblr-2946	155	10	'	'	PUNCT
cblr-2946	155	11	that	that	PRON
cblr-2946	155	12	began	begin	VERB
cblr-2946	155	13	in	in	ADP
cblr-2946	155	14	summer	summer	NOUN
cblr-2946	155	15	2007	2007	NUM
cblr-2946	155	16	is	be	AUX
cblr-2946	155	17	a	a	DET
cblr-2946	155	18	sprawling	sprawling	ADJ
cblr-2946	155	19	,	,	PUNCT
cblr-2946	155	20	interrelated	interrelated	ADJ
cblr-2946	155	21	series	series	NOUN
cblr-2946	155	22	of	of	ADP
cblr-2946	155	23	events	event	NOUN
cblr-2946	155	24	that	that	PRON
cblr-2946	155	25	continues	continue	VERB
cblr-2946	155	26	to	to	PART
cblr-2946	155	27	unfold	unfold	VERB
cblr-2946	155	28	.	.	PUNCT
cblr-2946	156	1	...	...	PUNCT
cblr-2946	157	1	the	the	DET
cblr-2946	157	2	u.s	u.s	PROPN
cblr-2946	157	3	.	.	PROPN
cblr-2946	157	4	officially	officially	ADV
cblr-2946	157	5	went	go	VERB
cblr-2946	157	6	into	into	ADP
cblr-2946	157	7	recession	recession	NOUN
cblr-2946	157	8	at	at	ADP
cblr-2946	157	9	the	the	DET
cblr-2946	157	10	end	end	NOUN
cblr-2946	157	11	of	of	ADP
cblr-2946	157	12	2007	2007	NUM
cblr-2946	157	13	as	as	SCONJ
cblr-2946	157	14	the	the	DET
cblr-2946	157	15	credit	credit	NOUN
cblr-2946	157	16	crisis	crisis	NOUN
cblr-2946	157	17	intensified	intensify	VERB
cblr-2946	157	18	,	,	PUNCT
cblr-2946	157	19	and	and	CCONJ
cblr-2946	157	20	as	as	ADP
cblr-2946	157	21	of	of	ADP
cblr-2946	157	22	early	early	ADJ
cblr-2946	157	23	2009	2009	NUM
cblr-2946	157	24	the	the	DET
cblr-2946	157	25	weight	weight	NOUN
cblr-2946	157	26	of	of	ADP
cblr-2946	157	27	opinion	opinion	NOUN
cblr-2946	157	28	appeared	appear	VERB
cblr-2946	157	29	to	to	PART
cblr-2946	157	30	be	be	AUX
cblr-2946	157	31	that	that	SCONJ
cblr-2946	157	32	problems	problem	NOUN
cblr-2946	157	33	in	in	ADP
cblr-2946	157	34	the	the	DET
cblr-2946	157	35	credit	credit	NOUN
cblr-2946	157	36	market	market	NOUN
cblr-2946	157	37	contributed	contribute	VERB
cblr-2946	157	38	significantly	significantly	ADV
cblr-2946	157	39	to	to	ADP
cblr-2946	157	40	problems	problem	NOUN
cblr-2946	157	41	in	in	ADP
cblr-2946	157	42	the	the	DET
cblr-2946	157	43	real	real	ADJ
cblr-2946	157	44	economy	economy	NOUN
cblr-2946	157	45	.	.	PUNCT
cblr-2946	157	46	"	"	PUNCT
cblr-2946	158	1	hunt	hunt	NOUN
cblr-2946	158	2	,	,	PUNCT
cblr-2946	158	3	supra	supra	PROPN
cblr-2946	158	4	note	note	NOUN
cblr-2946	158	5	3	3	NUM
cblr-2946	158	6	,	,	PUNCT
cblr-2946	158	7	at	at	ADP
cblr-2946	158	8	120	120	NUM
cblr-2946	158	9	(	(	PUNCT
cblr-2946	158	10	citations	citation	NOUN
cblr-2946	158	11	omitted	omit	VERB
cblr-2946	158	12	)	)	PUNCT
cblr-2946	158	13	.	.	PUNCT
cblr-2946	159	1	for	for	ADP
cblr-2946	159	2	further	further	ADJ
cblr-2946	159	3	discussion	discussion	NOUN
cblr-2946	159	4	of	of	ADP
cblr-2946	159	5	the	the	DET
cblr-2946	159	6	events	event	NOUN
cblr-2946	159	7	and	and	CCONJ
cblr-2946	159	8	causes	cause	NOUN
cblr-2946	159	9	of	of	ADP
cblr-2946	159	10	the	the	DET
cblr-2946	159	11	credit	credit	NOUN
cblr-2946	159	12	crisis	crisis	NOUN
cblr-2946	159	13	,	,	PUNCT
cblr-2946	159	14	see	see	VERB
cblr-2946	159	15	bethel	bethel	PROPN
cblr-2946	159	16	et	et	PROPN
cblr-2946	159	17	al	al	PROPN
cblr-2946	159	18	.	.	PROPN
cblr-2946	159	19	,	,	PUNCT
cblr-2946	159	20	supra	supra	PROPN
cblr-2946	159	21	note	note	NOUN
cblr-2946	159	22	2	2	NUM
cblr-2946	159	23	,	,	PUNCT
cblr-2946	159	24	at	at	ADP
cblr-2946	159	25	6	6	NUM
cblr-2946	159	26	.	.	PUNCT
cblr-2946	159	27	614	614	NUM
cblr-2946	159	28	columbia	columbia	PROPN
cblr-2946	159	29	business	business	NOUN
cblr-2946	159	30	law	law	NOUN
cblr-2946	159	31	review	review	NOUN
cblr-2946	160	1	[	[	X
cblr-2946	160	2	vol	vol	NOUN
cblr-2946	160	3	.	.	PUNCT
cblr-2946	160	4	2009	2009	NUM
cblr-2946	160	5	decade	decade	NOUN
cblr-2946	160	6	.	.	NOUN
cblr-2946	160	7	4	4	NUM
cblr-2946	160	8	as	as	SCONJ
cblr-2946	160	9	housing	housing	NOUN
cblr-2946	160	10	boomed	boom	VERB
cblr-2946	160	11	in	in	ADP
cblr-2946	160	12	the	the	DET
cblr-2946	160	13	early	early	ADJ
cblr-2946	160	14	2000s	2000s	NUM
cblr-2946	160	15	,	,	PUNCT
cblr-2946	160	16	peaking	peak	VERB
cblr-2946	160	17	in	in	ADP
cblr-2946	160	18	2005	2005	NUM
cblr-2946	160	19	,	,	PUNCT
cblr-2946	160	20	the	the	DET
cblr-2946	160	21	rate	rate	NOUN
cblr-2946	160	22	of	of	ADP
cblr-2946	160	23	subprime	subprime	ADJ
cblr-2946	160	24	mortgage	mortgage	NOUN
cblr-2946	160	25	origination	origination	NOUN
cblr-2946	160	26	increased	increase	VERB
cblr-2946	160	27	faster	fast	ADV
cblr-2946	160	28	than	than	ADP
cblr-2946	160	29	the	the	DET
cblr-2946	160	30	rate	rate	NOUN
cblr-2946	160	31	of	of	ADP
cblr-2946	160	32	mortgage	mortgage	NOUN
cblr-2946	160	33	origination	origination	NOUN
cblr-2946	160	34	overall	overall	ADJ
cblr-2946	160	35	.	.	PUNCT
cblr-2946	160	36	"	"	PUNCT
cblr-2946	161	1	bethel	bethel	PROPN
cblr-2946	161	2	et	et	PROPN
cblr-2946	161	3	al	al	PROPN
cblr-2946	161	4	.	.	PROPN
cblr-2946	162	1	report	report	VERB
cblr-2946	162	2	that	that	PRON
cblr-2946	162	3	of	of	ADP
cblr-2946	162	4	the	the	DET
cblr-2946	162	5	more	more	ADJ
cblr-2946	162	6	than	than	ADP
cblr-2946	162	7	$	$	SYM
cblr-2946	162	8	2.2	2.2	NUM
cblr-2946	162	9	trillion	trillion	NUM
cblr-2946	162	10	of	of	ADP
cblr-2946	162	11	mortgages	mortgage	NOUN
cblr-2946	162	12	originated	originate	VERB
cblr-2946	162	13	in	in	ADP
cblr-2946	162	14	2001	2001	NUM
cblr-2946	162	15	,	,	PUNCT
cblr-2946	162	16	$	$	SYM
cblr-2946	162	17	190	190	NUM
cblr-2946	162	18	billion	billion	NUM
cblr-2946	162	19	,	,	PUNCT
cblr-2946	162	20	or	or	CCONJ
cblr-2946	162	21	8.6	8.6	NUM
cblr-2946	162	22	%	%	NOUN
cblr-2946	162	23	,	,	PUNCT
cblr-2946	162	24	of	of	ADP
cblr-2946	162	25	those	those	DET
cblr-2946	162	26	mortgages	mortgage	NOUN
cblr-2946	162	27	were	be	AUX
cblr-2946	162	28	subprime.3	subprime.3	PROPN
cblr-2946	162	29	6	6	NUM
cblr-2946	162	30	in	in	ADP
cblr-2946	162	31	contrast	contrast	NOUN
cblr-2946	162	32	,	,	PUNCT
cblr-2946	162	33	subprime	subprime	ADJ
cblr-2946	162	34	mortgages	mortgage	NOUN
cblr-2946	162	35	accounted	account	VERB
cblr-2946	162	36	for	for	ADP
cblr-2946	162	37	20	20	NUM
cblr-2946	162	38	%	%	NOUN
cblr-2946	162	39	,	,	PUNCT
cblr-2946	162	40	or	or	CCONJ
cblr-2946	162	41	more	more	ADJ
cblr-2946	162	42	than	than	ADP
cblr-2946	162	43	$	$	SYM
cblr-2946	162	44	600	600	NUM
cblr-2946	162	45	billion	billion	NUM
cblr-2946	162	46	,	,	PUNCT
cblr-2946	162	47	of	of	ADP
cblr-2946	162	48	all	all	DET
cblr-2946	162	49	mortgages	mortgage	NOUN
cblr-2946	162	50	originated	originate	VERB
cblr-2946	162	51	in	in	ADP
cblr-2946	162	52	2005.11	2005.11	NUM
cblr-2946	162	53	subprime	subprime	ADJ
cblr-2946	162	54	origination	origination	NOUN
cblr-2946	162	55	remained	remain	VERB
cblr-2946	162	56	nearly	nearly	ADV
cblr-2946	162	57	as	as	ADV
cblr-2946	162	58	high	high	ADJ
cblr-2946	162	59	in	in	ADP
cblr-2946	162	60	2006.8	2006.8	NUM
cblr-2946	162	61	while	while	SCONJ
cblr-2946	162	62	the	the	DET
cblr-2946	162	63	volume	volume	NOUN
cblr-2946	162	64	and	and	CCONJ
cblr-2946	162	65	rate	rate	NOUN
cblr-2946	162	66	of	of	ADP
cblr-2946	162	67	subprime	subprime	ADJ
cblr-2946	162	68	mortgage	mortgage	NOUN
cblr-2946	162	69	origination	origination	NOUN
cblr-2946	162	70	increased	increase	VERB
cblr-2946	162	71	,	,	PUNCT
cblr-2946	162	72	the	the	DET
cblr-2946	162	73	risk	risk	NOUN
cblr-2946	162	74	profile	profile	NOUN
cblr-2946	162	75	of	of	ADP
cblr-2946	162	76	the	the	DET
cblr-2946	162	77	mortgages	mortgage	NOUN
cblr-2946	162	78	granted	grant	VERB
cblr-2946	162	79	also	also	ADV
cblr-2946	162	80	increased	increase	VERB
cblr-2946	162	81	from	from	ADP
cblr-2946	162	82	the	the	DET
cblr-2946	162	83	perspective	perspective	NOUN
cblr-2946	162	84	of	of	ADP
cblr-2946	162	85	the	the	DET
cblr-2946	162	86	lender	lender	NOUN
cblr-2946	162	87	in	in	ADP
cblr-2946	162	88	at	at	ADV
cblr-2946	162	89	least	least	ADV
cblr-2946	162	90	three	three	NUM
cblr-2946	162	91	ways	way	NOUN
cblr-2946	162	92	.	.	PUNCT
cblr-2946	163	1	first	first	ADV
cblr-2946	163	2	,	,	PUNCT
cblr-2946	163	3	the	the	DET
cblr-2946	163	4	structure	structure	NOUN
cblr-2946	163	5	of	of	ADP
cblr-2946	163	6	subprime	subprime	ADJ
cblr-2946	163	7	mortgages	mortgage	NOUN
cblr-2946	163	8	became	become	VERB
cblr-2946	163	9	increasingly	increasingly	ADV
cblr-2946	163	10	vulnerable	vulnerable	ADJ
cblr-2946	163	11	to	to	ADP
cblr-2946	163	12	interest	interest	NOUN
cblr-2946	163	13	rate	rate	NOUN
cblr-2946	163	14	risk	risk	NOUN
cblr-2946	163	15	.	.	PUNCT
cblr-2946	164	1	for	for	ADP
cblr-2946	164	2	example	example	NOUN
cblr-2946	164	3	,	,	PUNCT
cblr-2946	164	4	many	many	ADJ
cblr-2946	164	5	loans	loan	NOUN
cblr-2946	164	6	extended	extend	VERB
cblr-2946	164	7	were	be	AUX
cblr-2946	164	8	"	"	PUNCT
cblr-2946	164	9	2/28	2/28	NUM
cblr-2946	164	10	"	"	PUNCT
cblr-2946	164	11	or	or	CCONJ
cblr-2946	164	12	"	"	PUNCT
cblr-2946	164	13	3/27	3/27	NUM
cblr-2946	164	14	"	"	PUNCT
cblr-2946	164	15	hybrid	hybrid	ADJ
cblr-2946	164	16	adjustable	adjustable	ADJ
cblr-2946	164	17	rate	rate	NOUN
cblr-2946	164	18	mortgages	mortgage	NOUN
cblr-2946	164	19	(	(	PUNCT
cblr-2946	164	20	"	"	PUNCT
cblr-2946	164	21	arms	arm	NOUN
cblr-2946	164	22	"	"	PUNCT
cblr-2946	164	23	)	)	PUNCT
cblr-2946	164	24	9	9	NUM
cblr-2946	164	25	under	under	ADP
cblr-2946	164	26	the	the	DET
cblr-2946	164	27	terms	term	NOUN
cblr-2946	164	28	of	of	ADP
cblr-2946	164	29	a	a	DET
cblr-2946	164	30	typical	typical	ADJ
cblr-2946	164	31	2/28	2/28	NUM
cblr-2946	164	32	arm	arm	NOUN
cblr-2946	164	33	,	,	PUNCT
cblr-2946	164	34	the	the	DET
cblr-2946	164	35	borrower	borrower	NOUN
cblr-2946	164	36	pays	pay	VERB
cblr-2946	164	37	a	a	DET
cblr-2946	164	38	low	low	ADJ
cblr-2946	164	39	fixed	fix	VERB
cblr-2946	164	40	interest	interest	NOUN
cblr-2946	164	41	rate	rate	NOUN
cblr-2946	164	42	and	and	CCONJ
cblr-2946	164	43	mortgage	mortgage	NOUN
cblr-2946	164	44	payment	payment	NOUN
cblr-2946	164	45	during	during	ADP
cblr-2946	164	46	the	the	DET
cblr-2946	164	47	first	first	ADJ
cblr-2946	164	48	two	two	NUM
cblr-2946	164	49	years	year	NOUN
cblr-2946	164	50	that	that	SCONJ
cblr-2946	164	51	the	the	DET
cblr-2946	164	52	loan	loan	NOUN
cblr-2946	164	53	is	be	AUX
cblr-2946	164	54	outstanding	outstanding	ADJ
cblr-2946	164	55	.	.	PUNCT
cblr-2946	165	1	after	after	ADP
cblr-2946	165	2	this	this	DET
cblr-2946	165	3	period	period	NOUN
cblr-2946	165	4	,	,	PUNCT
cblr-2946	165	5	the	the	DET
cblr-2946	165	6	interest	interest	NOUN
cblr-2946	165	7	rate	rate	NOUN
cblr-2946	165	8	resets	reset	VERB
cblr-2946	165	9	every	every	DET
cblr-2946	165	10	six	six	NUM
cblr-2946	165	11	months	month	NOUN
cblr-2946	165	12	for	for	ADP
cblr-2946	165	13	twenty	twenty	NUM
cblr-2946	165	14	-	-	PUNCT
cblr-2946	165	15	eight	eight	NUM
cblr-2946	165	16	years	year	NOUN
cblr-2946	165	17	based	base	VERB
cblr-2946	165	18	on	on	ADP
cblr-2946	165	19	an	an	DET
cblr-2946	165	20	interest	interest	NOUN
cblr-2946	165	21	rate	rate	NOUN
cblr-2946	165	22	benchmark	benchmark	NOUN
cblr-2946	165	23	,	,	PUNCT
cblr-2946	165	24	often	often	ADV
cblr-2946	165	25	resulting	result	VERB
cblr-2946	165	26	in	in	ADP
cblr-2946	165	27	much	much	ADV
cblr-2946	165	28	higher	high	ADJ
cblr-2946	165	29	payments.4	payments.4	PROPN
cblr-2946	165	30	°	°	NOUN
cblr-2946	165	31	second	second	ADJ
cblr-2946	165	32	,	,	PUNCT
cblr-2946	165	33	the	the	DET
cblr-2946	165	34	risk	risk	NOUN
cblr-2946	165	35	profile	profile	NOUN
cblr-2946	165	36	of	of	ADP
cblr-2946	165	37	the	the	DET
cblr-2946	165	38	subprime	subprime	ADJ
cblr-2946	165	39	borrower	borrower	NOUN
cblr-2946	165	40	increased	increase	VERB
cblr-2946	165	41	.	.	PUNCT
cblr-2946	166	1	in	in	ADP
cblr-2946	166	2	2001	2001	NUM
cblr-2946	166	3	,	,	PUNCT
cblr-2946	166	4	28.5	28.5	NUM
cblr-2946	166	5	%	%	NOUN
cblr-2946	166	6	of	of	ADP
cblr-2946	166	7	subprime	subprime	ADJ
cblr-2946	166	8	borrowers	borrower	NOUN
cblr-2946	166	9	could	could	AUX
cblr-2946	166	10	not	not	PART
cblr-2946	166	11	verify	verify	VERB
cblr-2946	166	12	information	information	NOUN
cblr-2946	166	13	about	about	ADP
cblr-2946	166	14	employment	employment	NOUN
cblr-2946	166	15	,	,	PUNCT
cblr-2946	166	16	"	"	PUNCT
cblr-2946	166	17	'	'	PUNCT
cblr-2946	166	18	a	a	DET
cblr-2946	166	19	subprime	subprime	ADJ
cblr-2946	166	20	mortgage	mortgage	NOUN
cblr-2946	166	21	is	be	AUX
cblr-2946	166	22	a	a	DET
cblr-2946	166	23	mortgage	mortgage	NOUN
cblr-2946	166	24	extended	extend	VERB
cblr-2946	166	25	to	to	ADP
cblr-2946	166	26	a	a	DET
cblr-2946	166	27	borrower	borrower	NOUN
cblr-2946	166	28	with	with	ADP
cblr-2946	166	29	problems	problem	NOUN
cblr-2946	166	30	in	in	ADP
cblr-2946	166	31	her	her	PRON
cblr-2946	166	32	credit	credit	NOUN
cblr-2946	166	33	history	history	NOUN
cblr-2946	166	34	,	,	PUNCT
cblr-2946	166	35	such	such	ADJ
cblr-2946	166	36	as	as	ADP
cblr-2946	166	37	missed	missed	ADJ
cblr-2946	166	38	or	or	CCONJ
cblr-2946	166	39	late	late	ADJ
cblr-2946	166	40	payments	payment	NOUN
cblr-2946	166	41	,	,	PUNCT
cblr-2946	166	42	that	that	PRON
cblr-2946	166	43	permit	permit	VERB
cblr-2946	166	44	a	a	DET
cblr-2946	166	45	lender	lender	NOUN
cblr-2946	166	46	to	to	PART
cblr-2946	166	47	charge	charge	VERB
cblr-2946	166	48	a	a	DET
cblr-2946	166	49	higher	high	ADJ
cblr-2946	166	50	interest	interest	NOUN
cblr-2946	166	51	rate	rate	NOUN
cblr-2946	166	52	to	to	PART
cblr-2946	166	53	compensate	compensate	VERB
cblr-2946	166	54	for	for	ADP
cblr-2946	166	55	the	the	DET
cblr-2946	166	56	additional	additional	ADJ
cblr-2946	166	57	risk	risk	NOUN
cblr-2946	166	58	the	the	DET
cblr-2946	166	59	borrower	borrower	NOUN
cblr-2946	166	60	represents	represent	VERB
cblr-2946	166	61	.	.	PUNCT
cblr-2946	167	1	national	national	ADJ
cblr-2946	167	2	community	community	NOUN
cblr-2946	167	3	reinvestment	reinvestment	NOUN
cblr-2946	167	4	coalition	coalition	NOUN
cblr-2946	167	5	,	,	PUNCT
cblr-2946	167	6	glossary	glossary	NOUN
cblr-2946	167	7	,	,	PUNCT
cblr-2946	167	8	http://www.ncrc.org/fairlending/gloss	http://www.ncrc.org/fairlending/gloss	PROPN
cblr-2946	167	9	ary.htm	ary.htm	NUM
cblr-2946	167	10	.	.	PUNCT
cblr-2946	167	11	"	"	PUNCT
cblr-2946	168	1	justin	justin	PROPN
cblr-2946	168	2	lahart	lahart	PROPN
cblr-2946	168	3	,	,	PUNCT
cblr-2946	168	4	ahead	ahead	ADV
cblr-2946	168	5	of	of	ADP
cblr-2946	168	6	the	the	DET
cblr-2946	168	7	tape	tape	NOUN
cblr-2946	168	8	,	,	PUNCT
cblr-2946	168	9	wall	wall	PROPN
cblr-2946	168	10	st	st	PROPN
cblr-2946	168	11	.	.	PROPN
cblr-2946	168	12	j.	j.	PROPN
cblr-2946	168	13	,	,	PUNCT
cblr-2946	168	14	dec	dec	PROPN
cblr-2946	168	15	.	.	PROPN
cblr-2946	168	16	24	24	NUM
cblr-2946	168	17	,	,	PUNCT
cblr-2946	168	18	2007	2007	NUM
cblr-2946	168	19	,	,	PUNCT
cblr-2946	168	20	at	at	ADP
cblr-2946	168	21	c1	c1	PROPN
cblr-2946	168	22	(	(	PUNCT
cblr-2946	168	23	"	"	PUNCT
cblr-2946	168	24	housing	housing	NOUN
cblr-2946	168	25	peaked	peak	VERB
cblr-2946	168	26	in	in	ADP
cblr-2946	168	27	2005	2005	NUM
cblr-2946	168	28	.	.	PUNCT
cblr-2946	169	1	by	by	ADP
cblr-2946	169	2	early	early	ADJ
cblr-2946	169	3	2006	2006	NUM
cblr-2946	169	4	it	it	PRON
cblr-2946	169	5	was	be	AUX
cblr-2946	169	6	widely	widely	ADV
cblr-2946	169	7	recognized	recognize	VERB
cblr-2946	169	8	that	that	SCONJ
cblr-2946	169	9	the	the	DET
cblr-2946	169	10	boom	boom	NOUN
cblr-2946	169	11	was	be	AUX
cblr-2946	169	12	likely	likely	ADJ
cblr-2946	169	13	over	over	ADV
cblr-2946	169	14	,	,	PUNCT
cblr-2946	169	15	and	and	CCONJ
cblr-2946	169	16	by	by	ADP
cblr-2946	169	17	mid-2006	mid-2006	NOUN
cblr-2946	169	18	it	it	PRON
cblr-2946	169	19	was	be	AUX
cblr-2946	169	20	beyond	beyond	ADP
cblr-2946	169	21	question	question	NOUN
cblr-2946	169	22	.	.	PUNCT
cblr-2946	169	23	"	"	PUNCT
cblr-2946	169	24	)	)	PUNCT
cblr-2946	169	25	.	.	PUNCT
cblr-2946	170	1	"	"	PUNCT
cblr-2946	170	2	see	see	VERB
cblr-2946	170	3	bethel	bethel	PROPN
cblr-2946	170	4	et	et	PROPN
cblr-2946	170	5	al	al	PROPN
cblr-2946	170	6	.	.	PROPN
cblr-2946	170	7	,	,	PUNCT
cblr-2946	170	8	supra	supra	PROPN
cblr-2946	170	9	note	note	NOUN
cblr-2946	170	10	2	2	NUM
cblr-2946	170	11	,	,	PUNCT
cblr-2946	170	12	at	at	ADP
cblr-2946	170	13	6	6	NUM
cblr-2946	170	14	.	.	NOUN
cblr-2946	170	15	37	37	NUM
cblr-2946	171	1	i	i	PROPN
cblr-2946	171	2	d.	d.	PROPN
cblr-2946	171	3	38	38	NUM
cblr-2946	171	4	lahart	lahart	NOUN
cblr-2946	171	5	,	,	PUNCT
cblr-2946	171	6	supra	supra	PROPN
cblr-2946	171	7	note	note	PROPN
cblr-2946	171	8	35	35	NUM
cblr-2946	171	9	(	(	PUNCT
cblr-2946	171	10	reporting	report	VERB
cblr-2946	171	11	subprime	subprime	ADJ
cblr-2946	171	12	mortgage	mortgage	NOUN
cblr-2946	171	13	origination	origination	NOUN
cblr-2946	171	14	of	of	ADP
cblr-2946	171	15	$	$	SYM
cblr-2946	171	16	625	625	NUM
cblr-2946	171	17	and	and	CCONJ
cblr-2946	171	18	$	$	SYM
cblr-2946	171	19	600	600	NUM
cblr-2946	171	20	billion	billion	NUM
cblr-2946	171	21	in	in	ADP
cblr-2946	171	22	2005	2005	NUM
cblr-2946	171	23	and	and	CCONJ
cblr-2946	171	24	2006	2006	NUM
cblr-2946	171	25	,	,	PUNCT
cblr-2946	171	26	respectively	respectively	ADV
cblr-2946	171	27	)	)	PUNCT
cblr-2946	171	28	.	.	PUNCT
cblr-2946	171	29	"	"	PUNCT
cblr-2946	171	30	see	see	VERB
cblr-2946	171	31	bethel	bethel	PROPN
cblr-2946	171	32	et	et	PROPN
cblr-2946	171	33	al	al	PROPN
cblr-2946	171	34	.	.	PROPN
cblr-2946	171	35	,	,	PUNCT
cblr-2946	171	36	supra	supra	PROPN
cblr-2946	171	37	note	note	NOUN
cblr-2946	171	38	2	2	NUM
cblr-2946	171	39	,	,	PUNCT
cblr-2946	171	40	at	at	ADP
cblr-2946	171	41	6	6	NUM
cblr-2946	171	42	.	.	NUM
cblr-2946	171	43	40	40	NUM
cblr-2946	172	1	i	i	PRON
cblr-2946	172	2	d.	d.	PROPN
cblr-2946	172	3	no	no	INTJ
cblr-2946	172	4	.	.	PUNCT
cblr-2946	173	1	2:605	2:605	NUM
cblr-2946	173	2	]	]	X
cblr-2946	173	3	credit	credit	NOUN
cblr-2946	173	4	rating	rating	NOUN
cblr-2946	173	5	agencies	agency	NOUN
cblr-2946	173	6	and	and	CCONJ
cblr-2946	173	7	the	the	DET
cblr-2946	173	8	credit	credit	NOUN
cblr-2946	173	9	crisis	crisis	NOUN
cblr-2946	173	10	615	615	NUM
cblr-2946	173	11	income	income	NOUN
cblr-2946	173	12	,	,	PUNCT
cblr-2946	173	13	or	or	CCONJ
cblr-2946	173	14	other	other	ADJ
cblr-2946	173	15	credit	credit	NOUN
cblr-2946	173	16	-	-	PUNCT
cblr-2946	173	17	related	relate	VERB
cblr-2946	173	18	data.4	data.4	NOUN
cblr-2946	173	19	'	'	PUNCT
cblr-2946	173	20	this	this	DET
cblr-2946	173	21	figure	figure	NOUN
cblr-2946	173	22	increased	increase	VERB
cblr-2946	173	23	to	to	ADP
cblr-2946	173	24	nearly	nearly	ADV
cblr-2946	173	25	51	51	NUM
cblr-2946	173	26	%	%	NOUN
cblr-2946	173	27	in	in	ADP
cblr-2946	173	28	2006.42	2006.42	NUM
cblr-2946	173	29	third	third	ADJ
cblr-2946	173	30	,	,	PUNCT
cblr-2946	173	31	mortgage	mortgage	NOUN
cblr-2946	173	32	brokers	broker	NOUN
cblr-2946	173	33	and	and	CCONJ
cblr-2946	173	34	bankers	banker	NOUN
cblr-2946	173	35	allegedly	allegedly	ADV
cblr-2946	173	36	engaged	engage	VERB
cblr-2946	173	37	in	in	ADP
cblr-2946	173	38	fraudulent	fraudulent	ADJ
cblr-2946	173	39	and/or	and/or	CCONJ
cblr-2946	173	40	lax	lax	ADJ
cblr-2946	173	41	practices	practice	NOUN
cblr-2946	173	42	by	by	ADP
cblr-2946	173	43	submitting	submit	VERB
cblr-2946	173	44	false	false	ADJ
cblr-2946	173	45	information	information	NOUN
cblr-2946	173	46	to	to	PART
cblr-2946	173	47	qualify	qualify	VERB
cblr-2946	173	48	borrowers	borrower	NOUN
cblr-2946	173	49	or	or	CCONJ
cblr-2946	173	50	by	by	ADP
cblr-2946	173	51	failing	fail	VERB
cblr-2946	173	52	to	to	PART
cblr-2946	173	53	document	document	VERB
cblr-2946	173	54	or	or	CCONJ
cblr-2946	173	55	verify	verify	VERB
cblr-2946	173	56	relevant	relevant	ADJ
cblr-2946	173	57	information.43	information.43	NOUN
cblr-2946	173	58	such	such	ADJ
cblr-2946	173	59	practices	practice	NOUN
cblr-2946	173	60	created	create	VERB
cblr-2946	173	61	the	the	DET
cblr-2946	173	62	risk	risk	NOUN
cblr-2946	173	63	that	that	PRON
cblr-2946	173	64	otherwise	otherwise	ADV
cblr-2946	173	65	unqualified	unqualified	ADJ
cblr-2946	173	66	borrowers	borrower	NOUN
cblr-2946	173	67	would	would	AUX
cblr-2946	173	68	obtain	obtain	VERB
cblr-2946	173	69	subprime	subprime	ADJ
cblr-2946	173	70	mortgages	mortgage	NOUN
cblr-2946	173	71	.	.	PUNCT
cblr-2946	174	1	thus	thus	ADV
cblr-2946	174	2	,	,	PUNCT
cblr-2946	174	3	by	by	ADP
cblr-2946	174	4	2006	2006	NUM
cblr-2946	174	5	,	,	PUNCT
cblr-2946	174	6	the	the	DET
cblr-2946	174	7	volume	volume	NOUN
cblr-2946	174	8	of	of	ADP
cblr-2946	174	9	subprime	subprime	ADJ
cblr-2946	174	10	mortgages	mortgage	NOUN
cblr-2946	174	11	outstanding	outstanding	ADJ
cblr-2946	174	12	as	as	ADV
cblr-2946	174	13	well	well	ADV
cblr-2946	174	14	as	as	ADP
cblr-2946	174	15	the	the	DET
cblr-2946	174	16	risk	risk	NOUN
cblr-2946	174	17	of	of	ADP
cblr-2946	174	18	those	those	DET
cblr-2946	174	19	mortgages	mortgage	NOUN
cblr-2946	174	20	had	have	AUX
cblr-2946	174	21	increased	increase	VERB
cblr-2946	174	22	greatly	greatly	ADV
cblr-2946	174	23	.	.	PUNCT
cblr-2946	175	1	2	2	X
cblr-2946	175	2	.	.	X
cblr-2946	175	3	securitization	securitization	NOUN
cblr-2946	175	4	of	of	ADP
cblr-2946	175	5	subprime	subprime	ADJ
cblr-2946	175	6	mortgages	mortgage	NOUN
cblr-2946	175	7	into	into	ADP
cblr-2946	175	8	rmbs	rmb	NOUN
cblr-2946	175	9	and	and	CCONJ
cblr-2946	175	10	cdos	cdo	NOUN
cblr-2946	175	11	as	as	SCONJ
cblr-2946	175	12	subprime	subprime	ADJ
cblr-2946	175	13	mortgage	mortgage	NOUN
cblr-2946	175	14	origination	origination	NOUN
cblr-2946	175	15	increased	increase	VERB
cblr-2946	175	16	,	,	PUNCT
cblr-2946	175	17	securitization	securitization	NOUN
cblr-2946	175	18	became	become	VERB
cblr-2946	175	19	an	an	DET
cblr-2946	175	20	important	important	ADJ
cblr-2946	175	21	tool	tool	NOUN
cblr-2946	175	22	that	that	PRON
cblr-2946	175	23	allowed	allow	VERB
cblr-2946	175	24	originators	originator	NOUN
cblr-2946	175	25	to	to	PART
cblr-2946	175	26	continue	continue	VERB
cblr-2946	175	27	increasing	increase	VERB
cblr-2946	175	28	their	their	PRON
cblr-2946	175	29	lending	lending	NOUN
cblr-2946	175	30	activity	activity	NOUN
cblr-2946	175	31	.	.	PUNCT
cblr-2946	176	1	in	in	ADP
cblr-2946	176	2	a	a	DET
cblr-2946	176	3	securitization	securitization	NOUN
cblr-2946	176	4	,	,	PUNCT
cblr-2946	176	5	a	a	DET
cblr-2946	176	6	sponsor	sponsor	NOUN
cblr-2946	176	7	or	or	CCONJ
cblr-2946	176	8	originator	originator	NOUN
cblr-2946	176	9	sells	sell	VERB
cblr-2946	176	10	financial	financial	ADJ
cblr-2946	176	11	assets	asset	NOUN
cblr-2946	176	12	that	that	PRON
cblr-2946	176	13	generate	generate	VERB
cblr-2946	176	14	cash	cash	NOUN
cblr-2946	176	15	flow	flow	NOUN
cblr-2946	176	16	to	to	ADP
cblr-2946	176	17	a	a	DET
cblr-2946	176	18	special	special	ADJ
cblr-2946	176	19	purpose	purpose	NOUN
cblr-2946	176	20	vehicle	vehicle	NOUN
cblr-2946	176	21	(	(	PUNCT
cblr-2946	176	22	"	"	PUNCT
cblr-2946	176	23	spv	spv	PROPN
cblr-2946	176	24	"	"	PUNCT
cblr-2946	176	25	)	)	PUNCT
cblr-2946	176	26	that	that	SCONJ
cblr-2946	176	27	,	,	PUNCT
cblr-2946	176	28	in	in	ADP
cblr-2946	176	29	turn	turn	NOUN
cblr-2946	176	30	,	,	PUNCT
cblr-2946	176	31	issues	issue	VERB
cblr-2946	176	32	securities	security	NOUN
cblr-2946	176	33	to	to	ADP
cblr-2946	176	34	investors.44	investors.44	NOUN
cblr-2946	176	35	the	the	DET
cblr-2946	176	36	spv	spv	PROPN
cblr-2946	176	37	uses	use	VERB
cblr-2946	176	38	income	income	NOUN
cblr-2946	176	39	received	receive	VERB
cblr-2946	176	40	from	from	ADP
cblr-2946	176	41	these	these	DET
cblr-2946	176	42	pools	pool	NOUN
cblr-2946	176	43	to	to	PART
cblr-2946	176	44	fund	fund	VERB
cblr-2946	176	45	its	its	PRON
cblr-2946	176	46	principal	principal	NOUN
cblr-2946	176	47	and	and	CCONJ
cblr-2946	176	48	interest	interest	NOUN
cblr-2946	176	49	payments.45	payments.45	NOUN
cblr-2946	176	50	in	in	ADP
cblr-2946	176	51	the	the	DET
cblr-2946	176	52	context	context	NOUN
cblr-2946	176	53	of	of	ADP
cblr-2946	176	54	the	the	DET
cblr-2946	176	55	credit	credit	NOUN
cblr-2946	176	56	crisis	crisis	NOUN
cblr-2946	176	57	,	,	PUNCT
cblr-2946	176	58	subprime	subprime	ADJ
cblr-2946	176	59	mortgages	mortgage	NOUN
cblr-2946	176	60	on	on	ADP
cblr-2946	176	61	residential	residential	ADJ
cblr-2946	176	62	property	property	NOUN
cblr-2946	176	63	were	be	AUX
cblr-2946	176	64	sold	sell	VERB
cblr-2946	176	65	to	to	ADP
cblr-2946	176	66	41	41	NUM
cblr-2946	176	67	i	i	PROPN
cblr-2946	176	68	d.	d.	PROPN
cblr-2946	176	69	at	at	ADP
cblr-2946	176	70	83	83	NUM
cblr-2946	176	71	tbl.4	tbl.4	NOUN
cblr-2946	176	72	(	(	PUNCT
cblr-2946	176	73	citing	cite	VERB
cblr-2946	176	74	freddie	freddie	PROPN
cblr-2946	176	75	mac	mac	PROPN
cblr-2946	176	76	and	and	CCONJ
cblr-2946	176	77	the	the	DET
cblr-2946	176	78	international	international	ADJ
cblr-2946	176	79	monetary	monetary	ADJ
cblr-2946	176	80	fund	fund	PROPN
cblr-2946	176	81	)	)	PUNCT
cblr-2946	176	82	.	.	PUNCT
cblr-2946	177	1	42	42	NUM
cblr-2946	178	1	i	i	PRON
cblr-2946	178	2	d.	d.	PROPN
cblr-2946	178	3	'	'	PROPN
cblr-2946	178	4	*	*	PUNCT
cblr-2946	179	1	i	i	PRON
cblr-2946	179	2	d.	d.	PROPN
cblr-2946	179	3	at	at	ADP
cblr-2946	179	4	16	16	NUM
cblr-2946	179	5	(	(	PUNCT
cblr-2946	179	6	"	"	PUNCT
cblr-2946	179	7	evidence	evidence	NOUN
cblr-2946	179	8	is	be	AUX
cblr-2946	179	9	now	now	ADV
cblr-2946	179	10	mounting	mount	VERB
cblr-2946	179	11	that	that	SCONJ
cblr-2946	179	12	at	at	ADV
cblr-2946	179	13	least	least	ADJ
cblr-2946	179	14	some	some	DET
cblr-2946	179	15	mortgage	mortgage	NOUN
cblr-2946	179	16	bankers	banker	NOUN
cblr-2946	179	17	and	and	CCONJ
cblr-2946	179	18	brokers	broker	NOUN
cblr-2946	179	19	may	may	AUX
cblr-2946	179	20	have	have	AUX
cblr-2946	179	21	submitted	submit	VERB
cblr-2946	179	22	false	false	ADJ
cblr-2946	179	23	appraisals	appraisal	NOUN
cblr-2946	179	24	and	and	CCONJ
cblr-2946	179	25	financial	financial	ADJ
cblr-2946	179	26	information	information	NOUN
cblr-2946	179	27	to	to	PART
cblr-2946	179	28	qualify	qualify	VERB
cblr-2946	179	29	otherwise	otherwise	ADV
cblr-2946	179	30	unqualified	unqualified	ADJ
cblr-2946	179	31	households	household	NOUN
cblr-2946	179	32	for	for	ADP
cblr-2946	179	33	subprime	subprime	ADJ
cblr-2946	179	34	mortgage	mortgage	NOUN
cblr-2946	179	35	loans	loan	NOUN
cblr-2946	179	36	.	.	PUNCT
cblr-2946	180	1	others	other	NOUN
cblr-2946	180	2	purportedly	purportedly	ADV
cblr-2946	180	3	did	do	AUX
cblr-2946	180	4	not	not	PART
cblr-2946	180	5	document	document	VERB
cblr-2946	180	6	or	or	CCONJ
cblr-2946	180	7	verify	verify	VERB
cblr-2946	180	8	subprime	subprime	ADJ
cblr-2946	180	9	mortgagers	mortgager	NOUN
cblr-2946	180	10	'	'	PART
cblr-2946	180	11	incomes	income	NOUN
cblr-2946	180	12	,	,	PUNCT
cblr-2946	180	13	net	net	ADJ
cblr-2946	180	14	worths	worth	NOUN
cblr-2946	180	15	,	,	PUNCT
cblr-2946	180	16	and	and	CCONJ
cblr-2946	180	17	credit	credit	NOUN
cblr-2946	180	18	histories	history	NOUN
cblr-2946	180	19	.	.	PUNCT
cblr-2946	180	20	"	"	PUNCT
cblr-2946	180	21	)	)	PUNCT
cblr-2946	180	22	.	.	PUNCT
cblr-2946	181	1	see	see	VERB
cblr-2946	181	2	i	i	PRON
cblr-2946	181	3	d.	d.	PROPN
cblr-2946	181	4	at	at	ADP
cblr-2946	181	5	7	7	NUM
cblr-2946	181	6	(	(	PUNCT
cblr-2946	181	7	noting	note	VERB
cblr-2946	181	8	that	that	SCONJ
cblr-2946	181	9	the	the	DET
cblr-2946	181	10	sponsor	sponsor	NOUN
cblr-2946	181	11	or	or	CCONJ
cblr-2946	181	12	originator	originator	NOUN
cblr-2946	181	13	may	may	AUX
cblr-2946	181	14	be	be	AUX
cblr-2946	181	15	a	a	DET
cblr-2946	181	16	different	different	ADJ
cblr-2946	181	17	party	party	NOUN
cblr-2946	181	18	than	than	ADP
cblr-2946	181	19	the	the	DET
cblr-2946	181	20	party	party	NOUN
cblr-2946	181	21	that	that	PRON
cblr-2946	181	22	originated	originate	VERB
cblr-2946	181	23	the	the	DET
cblr-2946	181	24	loans	loan	NOUN
cblr-2946	181	25	being	be	AUX
cblr-2946	181	26	sold	sell	VERB
cblr-2946	181	27	to	to	ADP
cblr-2946	181	28	the	the	DET
cblr-2946	181	29	spv	spv	PROPN
cblr-2946	181	30	)	)	PUNCT
cblr-2946	181	31	;	;	PUNCT
cblr-2946	181	32	hunt	hunt	NOUN
cblr-2946	181	33	,	,	PUNCT
cblr-2946	181	34	supra	supra	PROPN
cblr-2946	181	35	note	note	NOUN
cblr-2946	181	36	3	3	NUM
cblr-2946	181	37	,	,	PUNCT
cblr-2946	181	38	at	at	ADP
cblr-2946	181	39	117	117	NUM
cblr-2946	181	40	(	(	PUNCT
cblr-2946	181	41	citing	cite	VERB
cblr-2946	181	42	kenneth	kenneth	PROPN
cblr-2946	181	43	c.	c.	PROPN
cblr-2946	181	44	kettering	kettering	PROPN
cblr-2946	181	45	,	,	PUNCT
cblr-2946	181	46	securitization	securitization	NOUN
cblr-2946	181	47	and	and	CCONJ
cblr-2946	181	48	its	its	PRON
cblr-2946	181	49	discontents	discontent	NOUN
cblr-2946	181	50	:	:	PUNCT
cblr-2946	181	51	the	the	DET
cblr-2946	181	52	dynamics	dynamic	NOUN
cblr-2946	181	53	of	of	ADP
cblr-2946	181	54	financial	financial	ADJ
cblr-2946	181	55	product	product	NOUN
cblr-2946	181	56	development	development	NOUN
cblr-2946	181	57	,	,	PUNCT
cblr-2946	181	58	29	29	NUM
cblr-2946	181	59	cardozo	cardozo	PROPN
cblr-2946	181	60	l.	l.	PROPN
cblr-2946	181	61	rev	rev	PROPN
cblr-2946	181	62	.	.	PROPN
cblr-2946	181	63	1553	1553	NUM
cblr-2946	181	64	,	,	PUNCT
cblr-2946	181	65	1564	1564	NUM
cblr-2946	181	66	-	-	SYM
cblr-2946	181	67	80	80	NUM
cblr-2946	181	68	(	(	PUNCT
cblr-2946	181	69	2008	2008	NUM
cblr-2946	181	70	)	)	PUNCT
cblr-2946	181	71	for	for	ADP
cblr-2946	181	72	a	a	DET
cblr-2946	181	73	more	more	ADV
cblr-2946	181	74	detailed	detailed	ADJ
cblr-2946	181	75	description	description	NOUN
cblr-2946	181	76	of	of	ADP
cblr-2946	181	77	securitization	securitization	NOUN
cblr-2946	181	78	)	)	PUNCT
cblr-2946	181	79	.	.	PUNCT
cblr-2946	182	1	the	the	DET
cblr-2946	182	2	financial	financial	ADJ
cblr-2946	182	3	assets	asset	NOUN
cblr-2946	182	4	that	that	PRON
cblr-2946	182	5	are	be	AUX
cblr-2946	182	6	sold	sell	VERB
cblr-2946	182	7	may	may	AUX
cblr-2946	182	8	include	include	VERB
cblr-2946	182	9	pools	pool	NOUN
cblr-2946	182	10	of	of	ADP
cblr-2946	182	11	mortgages	mortgage	NOUN
cblr-2946	182	12	,	,	PUNCT
cblr-2946	182	13	corporate	corporate	ADJ
cblr-2946	182	14	loans	loan	NOUN
cblr-2946	182	15	,	,	PUNCT
cblr-2946	182	16	auto	auto	NOUN
cblr-2946	182	17	loans	loan	NOUN
cblr-2946	182	18	,	,	PUNCT
cblr-2946	182	19	or	or	CCONJ
cblr-2946	182	20	credit	credit	NOUN
cblr-2946	182	21	card	card	NOUN
cblr-2946	182	22	receivables	receivables	NOUN
cblr-2946	182	23	.	.	PUNCT
cblr-2946	183	1	i	i	PRON
cblr-2946	183	2	d.	d.	PROPN
cblr-2946	183	3	41	41	NUM
cblr-2946	183	4	see	see	VERB
cblr-2946	183	5	bethel	bethel	PROPN
cblr-2946	183	6	et	et	PROPN
cblr-2946	183	7	al	al	PROPN
cblr-2946	183	8	.	.	PROPN
cblr-2946	183	9	,	,	PUNCT
cblr-2946	183	10	supra	supra	PROPN
cblr-2946	183	11	note	note	NOUN
cblr-2946	183	12	2	2	NUM
cblr-2946	183	13	,	,	PUNCT
cblr-2946	183	14	at	at	ADP
cblr-2946	183	15	5	5	NUM
cblr-2946	183	16	.	.	PUNCT
cblr-2946	184	1	the	the	DET
cblr-2946	184	2	issuer	issuer	NOUN
cblr-2946	184	3	is	be	AUX
cblr-2946	184	4	'	'	PUNCT
cblr-2946	184	5	bankruptcy	bankruptcy	NOUN
cblr-2946	184	6	remote	remote	NOUN
cblr-2946	184	7	,	,	PUNCT
cblr-2946	184	8	'	'	PUNCT
cblr-2946	184	9	meaning	mean	VERB
cblr-2946	184	10	that	that	SCONJ
cblr-2946	184	11	if	if	SCONJ
cblr-2946	184	12	an	an	DET
cblr-2946	184	13	originator	originator	NOUN
cblr-2946	184	14	goes	go	VERB
cblr-2946	184	15	bankrupt	bankrupt	ADJ
cblr-2946	184	16	,	,	PUNCT
cblr-2946	184	17	the	the	DET
cblr-2946	184	18	assets	asset	NOUN
cblr-2946	184	19	of	of	ADP
cblr-2946	184	20	the	the	DET
cblr-2946	184	21	spv	spv	NOUN
cblr-2946	184	22	can	can	AUX
cblr-2946	184	23	not	not	PART
cblr-2946	184	24	be	be	AUX
cblr-2946	184	25	distributed	distribute	VERB
cblr-2946	184	26	to	to	ADP
cblr-2946	184	27	the	the	DET
cblr-2946	184	28	originator	originator	NOUN
cblr-2946	184	29	's	's	PART
cblr-2946	184	30	creditors	creditor	NOUN
cblr-2946	184	31	.	.	PUNCT
cblr-2946	185	1	i	i	PRON
cblr-2946	185	2	d.	d.	PROPN
cblr-2946	185	3	at	at	ADP
cblr-2946	185	4	7	7	NUM
cblr-2946	185	5	.	.	PUNCT
cblr-2946	185	6	spvs	spv	NOUN
cblr-2946	185	7	and	and	CCONJ
cblr-2946	185	8	packaged	package	VERB
cblr-2946	185	9	into	into	ADP
cblr-2946	185	10	subprime	subprime	ADJ
cblr-2946	185	11	rmbs	rmb	NOUN
cblr-2946	185	12	.	.	PUNCT
cblr-2946	186	1	6	6	NUM
cblr-2946	186	2	in	in	ADP
cblr-2946	186	3	addition	addition	NOUN
cblr-2946	186	4	,	,	PUNCT
cblr-2946	186	5	some	some	DET
cblr-2946	186	6	rmbs	rmb	NOUN
cblr-2946	186	7	were	be	AUX
cblr-2946	186	8	then	then	ADV
cblr-2946	186	9	structured	structure	VERB
cblr-2946	186	10	into	into	ADP
cblr-2946	186	11	cdos.47	cdos.47	PROPN
cblr-2946	186	12	subprime	subprime	PROPN
cblr-2946	186	13	mortgage	mortgage	NOUN
cblr-2946	186	14	originators	originator	NOUN
cblr-2946	186	15	used	use	VERB
cblr-2946	186	16	securitization	securitization	NOUN
cblr-2946	186	17	to	to	PART
cblr-2946	186	18	monetize	monetize	VERB
cblr-2946	186	19	the	the	DET
cblr-2946	186	20	mortgages	mortgage	NOUN
cblr-2946	186	21	immediately	immediately	ADV
cblr-2946	186	22	rather	rather	ADV
cblr-2946	186	23	than	than	ADP
cblr-2946	186	24	over	over	ADP
cblr-2946	186	25	the	the	DET
cblr-2946	186	26	life	life	NOUN
cblr-2946	186	27	of	of	ADP
cblr-2946	186	28	the	the	DET
cblr-2946	186	29	mortgage	mortgage	NOUN
cblr-2946	186	30	,	,	PUNCT
cblr-2946	186	31	providing	provide	VERB
cblr-2946	186	32	cash	cash	NOUN
cblr-2946	186	33	flow	flow	NOUN
cblr-2946	186	34	to	to	PART
cblr-2946	186	35	fund	fund	VERB
cblr-2946	186	36	additional	additional	ADJ
cblr-2946	186	37	loans	loan	NOUN
cblr-2946	186	38	.	.	PUNCT
cblr-2946	187	1	in	in	ADP
cblr-2946	187	2	2005	2005	NUM
cblr-2946	187	3	,	,	PUNCT
cblr-2946	187	4	$	$	SYM
cblr-2946	187	5	508	508	NUM
cblr-2946	187	6	billion	billion	NUM
cblr-2946	187	7	in	in	ADP
cblr-2946	187	8	subprime	subprime	ADJ
cblr-2946	187	9	mortgages	mortgage	NOUN
cblr-2946	187	10	were	be	AUX
cblr-2946	187	11	securitized	securitize	VERB
cblr-2946	187	12	into	into	ADP
cblr-2946	187	13	bonds	bond	NOUN
cblr-2946	187	14	,	,	PUNCT
cblr-2946	187	15	as	as	SCONJ
cblr-2946	187	16	compared	compare	VERB
cblr-2946	187	17	to	to	ADP
cblr-2946	187	18	$	$	SYM
cblr-2946	187	19	56	56	NUM
cblr-2946	187	20	billion	billion	NUM
cblr-2946	187	21	in	in	ADP
cblr-2946	187	22	2000.4	2000.4	NUM
cblr-2946	187	23	"	"	PUNCT
cblr-2946	187	24	3	3	NUM
cblr-2946	187	25	.	.	PUNCT
cblr-2946	188	1	the	the	DET
cblr-2946	188	2	role	role	NOUN
cblr-2946	188	3	of	of	ADP
cblr-2946	188	4	cras	cras	PROPN
cblr-2946	188	5	in	in	ADP
cblr-2946	188	6	securitization	securitization	NOUN
cblr-2946	188	7	when	when	SCONJ
cblr-2946	188	8	an	an	DET
cblr-2946	188	9	spv	spv	PROPN
cblr-2946	188	10	issues	issue	VERB
cblr-2946	188	11	a	a	DET
cblr-2946	188	12	rmbs	rmb	NOUN
cblr-2946	188	13	or	or	CCONJ
cblr-2946	188	14	a	a	DET
cblr-2946	188	15	cdo	cdo	NOUN
cblr-2946	188	16	,	,	PUNCT
cblr-2946	188	17	it	it	PRON
cblr-2946	188	18	typically	typically	ADV
cblr-2946	188	19	divides	divide	VERB
cblr-2946	188	20	the	the	DET
cblr-2946	188	21	securities	security	NOUN
cblr-2946	188	22	into	into	ADP
cblr-2946	188	23	senior	senior	ADJ
cblr-2946	188	24	,	,	PUNCT
cblr-2946	188	25	mezzanine	mezzanine	NOUN
cblr-2946	188	26	,	,	PUNCT
cblr-2946	188	27	and	and	CCONJ
cblr-2946	188	28	subordinated	subordinate	VERB
cblr-2946	188	29	/	/	SYM
cblr-2946	188	30	equity	equity	NOUN
cblr-2946	188	31	tranches	tranche	NOUN
cblr-2946	188	32	according	accord	VERB
cblr-2946	188	33	to	to	ADP
cblr-2946	188	34	credit	credit	NOUN
cblr-2946	188	35	risk	risk	NOUN
cblr-2946	188	36	to	to	PART
cblr-2946	188	37	provide	provide	VERB
cblr-2946	188	38	securities	security	NOUN
cblr-2946	188	39	that	that	PRON
cblr-2946	188	40	match	match	VERB
cblr-2946	188	41	the	the	DET
cblr-2946	188	42	varying	vary	VERB
cblr-2946	188	43	risk	risk	NOUN
cblr-2946	188	44	preferences	preference	NOUN
cblr-2946	188	45	of	of	ADP
cblr-2946	188	46	different	different	ADJ
cblr-2946	188	47	investors.49	investors.49	NOUN
cblr-2946	188	48	typically	typically	ADV
cblr-2946	188	49	,	,	PUNCT
cblr-2946	188	50	the	the	DET
cblr-2946	188	51	issuer	issuer	NOUN
cblr-2946	188	52	pays	pay	VERB
cblr-2946	188	53	a	a	DET
cblr-2946	188	54	cra	cra	PROPN
cblr-2946	188	55	to	to	PART
cblr-2946	188	56	rate	rate	VERB
cblr-2946	188	57	the	the	DET
cblr-2946	188	58	senior	senior	ADJ
cblr-2946	188	59	and	and	CCONJ
cblr-2946	188	60	mezzanine	mezzanine	NOUN
cblr-2946	188	61	tranches	tranche	NOUN
cblr-2946	188	62	.	.	PUNCT
cblr-2946	188	63	0	0	PUNCT
cblr-2946	189	1	consistent	consistent	ADJ
cblr-2946	189	2	with	with	ADP
cblr-2946	189	3	credit	credit	NOUN
cblr-2946	189	4	46	46	NUM
cblr-2946	190	1	i	i	PRON
cblr-2946	190	2	d.	d.	VERB
cblr-2946	190	3	at	at	ADP
cblr-2946	190	4	5	5	NUM
cblr-2946	190	5	-	-	SYM
cblr-2946	190	6	7	7	NUM
cblr-2946	190	7	(	(	PUNCT
cblr-2946	190	8	"	"	PUNCT
cblr-2946	190	9	mortgage	mortgage	NOUN
cblr-2946	190	10	-	-	PUNCT
cblr-2946	190	11	backed	back	VERB
cblr-2946	190	12	securities	security	NOUN
cblr-2946	190	13	are	be	AUX
cblr-2946	190	14	debt	debt	NOUN
cblr-2946	190	15	obligations	obligation	NOUN
cblr-2946	190	16	whose	whose	DET
cblr-2946	190	17	cash	cash	NOUN
cblr-2946	190	18	flows	flow	NOUN
cblr-2946	190	19	are	be	AUX
cblr-2946	190	20	backed	back	VERB
cblr-2946	190	21	by	by	ADP
cblr-2946	190	22	the	the	DET
cblr-2946	190	23	principal	principal	ADJ
cblr-2946	190	24	and	and	CCONJ
cblr-2946	190	25	interest	interest	NOUN
cblr-2946	190	26	payments	payment	NOUN
cblr-2946	190	27	of	of	ADP
cblr-2946	190	28	pools	pool	NOUN
cblr-2946	190	29	of	of	ADP
cblr-2946	190	30	mortgage	mortgage	NOUN
cblr-2946	190	31	loans	loan	NOUN
cblr-2946	190	32	,	,	PUNCT
cblr-2946	190	33	most	most	ADV
cblr-2946	190	34	commonly	commonly	ADV
cblr-2946	190	35	on	on	ADP
cblr-2946	190	36	residential	residential	ADJ
cblr-2946	190	37	property	property	NOUN
cblr-2946	190	38	.	.	PUNCT
cblr-2946	191	1	"	"	PUNCT
cblr-2946	191	2	)	)	PUNCT
cblr-2946	191	3	.	.	PUNCT
cblr-2946	192	1	47	47	NUM
cblr-2946	192	2	u.s	u.s	PROPN
cblr-2946	192	3	.	.	PROPN
cblr-2946	192	4	securities	securities	PROPN
cblr-2946	192	5	and	and	CCONJ
cblr-2946	192	6	exchange	exchange	PROPN
cblr-2946	192	7	commission	commission	PROPN
cblr-2946	192	8	,	,	PUNCT
cblr-2946	192	9	summary	summary	NOUN
cblr-2946	192	10	of	of	ADP
cblr-2946	192	11	issues	issue	NOUN
cblr-2946	192	12	identified	identify	VERB
cblr-2946	192	13	in	in	ADP
cblr-2946	192	14	the	the	DET
cblr-2946	192	15	commission	commission	NOUN
cblr-2946	192	16	staff	staff	NOUN
cblr-2946	192	17	's	's	PART
cblr-2946	192	18	examination	examination	NOUN
cblr-2946	192	19	of	of	ADP
cblr-2946	192	20	select	select	ADJ
cblr-2946	192	21	credit	credit	NOUN
cblr-2946	192	22	rating	rating	NOUN
cblr-2946	192	23	agencies	agency	NOUN
cblr-2946	192	24	7	7	NUM
cblr-2946	192	25	(	(	PUNCT
cblr-2946	192	26	2008	2008	NUM
cblr-2946	192	27	)	)	PUNCT
cblr-2946	193	1	[	[	X
cblr-2946	193	2	hereinafter	hereinafter	NOUN
cblr-2946	193	3	sec	sec	PROPN
cblr-2946	193	4	july	july	PROPN
cblr-2946	193	5	2008	2008	NUM
cblr-2946	193	6	report	report	NOUN
cblr-2946	193	7	]	]	PUNCT
cblr-2946	193	8	.	.	PUNCT
cblr-2946	194	1	cdos	cdo	NOUN
cblr-2946	194	2	are	be	AUX
cblr-2946	194	3	created	create	VERB
cblr-2946	194	4	by	by	ADP
cblr-2946	194	5	a	a	DET
cblr-2946	194	6	similar	similar	ADJ
cblr-2946	194	7	process	process	NOUN
cblr-2946	194	8	to	to	ADP
cblr-2946	194	9	mbs	mb	NOUN
cblr-2946	194	10	and	and	CCONJ
cblr-2946	194	11	are	be	AUX
cblr-2946	194	12	comprised	comprise	VERB
cblr-2946	194	13	of	of	ADP
cblr-2946	194	14	approximately	approximately	ADV
cblr-2946	194	15	200	200	NUM
cblr-2946	194	16	debt	debt	NOUN
cblr-2946	194	17	securities	security	NOUN
cblr-2946	194	18	.	.	PUNCT
cblr-2946	195	1	a	a	DET
cblr-2946	195	2	key	key	ADJ
cblr-2946	195	3	difference	difference	NOUN
cblr-2946	195	4	between	between	ADP
cblr-2946	195	5	rmbs	rmb	NOUN
cblr-2946	195	6	and	and	CCONJ
cblr-2946	195	7	cdos	cdo	NOUN
cblr-2946	195	8	is	be	AUX
cblr-2946	195	9	that	that	SCONJ
cblr-2946	195	10	a	a	DET
cblr-2946	195	11	cdo	cdo	NOUN
cblr-2946	195	12	may	may	AUX
cblr-2946	195	13	be	be	AUX
cblr-2946	195	14	actively	actively	ADV
cblr-2946	195	15	managed	manage	VERB
cblr-2946	195	16	.	.	PUNCT
cblr-2946	196	1	i	i	PRON
cblr-2946	196	2	d.	d.	PROPN
cblr-2946	196	3	subprime	subprime	PROPN
cblr-2946	196	4	rmbs	rmbs	PROPN
cblr-2946	196	5	appeared	appear	VERB
cblr-2946	196	6	to	to	PART
cblr-2946	196	7	comprise	comprise	VERB
cblr-2946	196	8	an	an	DET
cblr-2946	196	9	increasing	increase	VERB
cblr-2946	196	10	percentage	percentage	NOUN
cblr-2946	196	11	of	of	ADP
cblr-2946	196	12	cdo	cdo	ADJ
cblr-2946	196	13	collateral	collateral	NOUN
cblr-2946	196	14	pools	pool	NOUN
cblr-2946	196	15	;	;	PUNCT
cblr-2946	196	16	data	datum	NOUN
cblr-2946	196	17	suggests	suggest	VERB
cblr-2946	196	18	that	that	SCONJ
cblr-2946	196	19	the	the	DET
cblr-2946	196	20	average	average	ADJ
cblr-2946	196	21	percentage	percentage	NOUN
cblr-2946	196	22	of	of	ADP
cblr-2946	196	23	cdo	cdo	ADJ
cblr-2946	196	24	collateral	collateral	ADJ
cblr-2946	196	25	pools	pool	NOUN
cblr-2946	196	26	comprised	comprise	VERB
cblr-2946	196	27	of	of	ADP
cblr-2946	196	28	subprime	subprime	NOUN
cblr-2946	196	29	rmbs	rmb	NOUN
cblr-2946	196	30	grew	grow	VERB
cblr-2946	196	31	from	from	ADP
cblr-2946	196	32	43.3	43.3	NUM
cblr-2946	196	33	%	%	NOUN
cblr-2946	196	34	in	in	ADP
cblr-2946	196	35	2003	2003	NUM
cblr-2946	196	36	to	to	ADP
cblr-2946	196	37	71.3	71.3	NUM
cblr-2946	196	38	%	%	NOUN
cblr-2946	196	39	in	in	ADP
cblr-2946	196	40	2006	2006	NUM
cblr-2946	196	41	.	.	PUNCT
cblr-2946	197	1	i	i	PRON
cblr-2946	197	2	d.	d.	PROPN
cblr-2946	197	3	(	(	PUNCT
cblr-2946	197	4	reporting	report	VERB
cblr-2946	197	5	data	datum	NOUN
cblr-2946	197	6	from	from	ADP
cblr-2946	197	7	an	an	DET
cblr-2946	197	8	nrsro	nrsro	NOUN
cblr-2946	197	9	)	)	PUNCT
cblr-2946	197	10	.	.	PUNCT
cblr-2946	198	1	48	48	NUM
cblr-2946	198	2	michael	michael	PROPN
cblr-2946	198	3	hudson	hudson	PROPN
cblr-2946	198	4	,	,	PUNCT
cblr-2946	198	5	debt	debt	NOUN
cblr-2946	198	6	bomb	bomb	NOUN
cblr-2946	198	7	-	-	PUNCT
cblr-2946	198	8	lending	lend	VERB
cblr-2946	198	9	a	a	DET
cblr-2946	198	10	hand	hand	NOUN
cblr-2946	198	11	:	:	PUNCT
cblr-2946	198	12	how	how	SCONJ
cblr-2946	198	13	wall	wall	PROPN
cblr-2946	198	14	street	street	PROPN
cblr-2946	198	15	stoked	stoke	VERB
cblr-2946	198	16	the	the	DET
cblr-2946	198	17	mortgage	mortgage	NOUN
cblr-2946	198	18	meltdown	meltdown	NOUN
cblr-2946	198	19	-	-	PUNCT
cblr-2946	198	20	lehman	lehman	PROPN
cblr-2946	198	21	and	and	CCONJ
cblr-2946	198	22	others	other	NOUN
cblr-2946	198	23	transformed	transform	VERB
cblr-2946	198	24	the	the	DET
cblr-2946	198	25	market	market	NOUN
cblr-2946	198	26	for	for	ADP
cblr-2946	198	27	riskiest	riskiest	ADJ
cblr-2946	198	28	borrowers	borrower	NOUN
cblr-2946	198	29	,	,	PUNCT
cblr-2946	198	30	wall	wall	PROPN
cblr-2946	198	31	.	.	PUNCT
cblr-2946	198	32	st	st	PROPN
cblr-2946	198	33	.	.	PROPN
cblr-2946	198	34	j.	j.	PROPN
cblr-2946	198	35	,	,	PUNCT
cblr-2946	198	36	june	june	PROPN
cblr-2946	198	37	27	27	NUM
cblr-2946	198	38	,	,	PUNCT
cblr-2946	198	39	2007	2007	NUM
cblr-2946	198	40	,	,	PUNCT
cblr-2946	198	41	at	at	ADP
cblr-2946	198	42	al	al	PROPN
cblr-2946	198	43	(	(	PUNCT
cblr-2946	198	44	"	"	PUNCT
cblr-2946	198	45	at	at	ADP
cblr-2946	198	46	the	the	DET
cblr-2946	198	47	sector	sector	NOUN
cblr-2946	198	48	's	's	PART
cblr-2946	198	49	peak	peak	NOUN
cblr-2946	198	50	in	in	ADP
cblr-2946	198	51	2005	2005	NUM
cblr-2946	198	52	,	,	PUNCT
cblr-2946	198	53	with	with	ADP
cblr-2946	198	54	the	the	DET
cblr-2946	198	55	housing	housing	NOUN
cblr-2946	198	56	market	market	NOUN
cblr-2946	198	57	booming	booming	NOUN
cblr-2946	198	58	,	,	PUNCT
cblr-2946	198	59	loan	loan	NOUN
cblr-2946	198	60	defaults	default	NOUN
cblr-2946	198	61	remained	remain	VERB
cblr-2946	198	62	low	low	ADJ
cblr-2946	198	63	.	.	PUNCT
cblr-2946	199	1	wall	wall	PROPN
cblr-2946	199	2	street	street	PROPN
cblr-2946	199	3	pooled	pool	VERB
cblr-2946	199	4	a	a	DET
cblr-2946	199	5	record	record	NOUN
cblr-2946	199	6	$	$	SYM
cblr-2946	199	7	508	508	NUM
cblr-2946	199	8	billion	billion	NUM
cblr-2946	199	9	in	in	ADP
cblr-2946	199	10	subprime	subprime	ADJ
cblr-2946	199	11	mortgages	mortgage	NOUN
cblr-2946	199	12	in	in	ADP
cblr-2946	199	13	bonds	bond	NOUN
cblr-2946	199	14	,	,	PUNCT
cblr-2946	199	15	up	up	ADV
cblr-2946	199	16	from	from	ADP
cblr-2946	199	17	$	$	SYM
cblr-2946	199	18	56	56	NUM
cblr-2946	199	19	billion	billion	NUM
cblr-2946	199	20	in	in	ADP
cblr-2946	199	21	2000	2000	NUM
cblr-2946	199	22	,	,	PUNCT
cblr-2946	199	23	according	accord	VERB
cblr-2946	199	24	to	to	ADP
cblr-2946	199	25	trade	trade	NOUN
cblr-2946	199	26	publication	publication	NOUN
cblr-2946	199	27	inside	inside	ADP
cblr-2946	199	28	mortgage	mortgage	NOUN
cblr-2946	199	29	finance	finance	NOUN
cblr-2946	199	30	.	.	PUNCT
cblr-2946	199	31	"	"	PUNCT
cblr-2946	199	32	)	)	PUNCT
cblr-2946	199	33	.	.	PUNCT
cblr-2946	199	34	"	"	PUNCT
cblr-2946	200	1	bethel	bethel	PROPN
cblr-2946	200	2	et	et	PROPN
cblr-2946	200	3	al	al	PROPN
cblr-2946	200	4	.	.	PROPN
cblr-2946	200	5	,	,	PUNCT
cblr-2946	200	6	supra	supra	PROPN
cblr-2946	200	7	note	note	NOUN
cblr-2946	200	8	2	2	NUM
cblr-2946	200	9	,	,	PUNCT
cblr-2946	200	10	at	at	ADP
cblr-2946	200	11	7	7	NUM
cblr-2946	200	12	(	(	PUNCT
cblr-2946	200	13	describing	describe	VERB
cblr-2946	200	14	process	process	NOUN
cblr-2946	200	15	of	of	ADP
cblr-2946	200	16	using	use	VERB
cblr-2946	200	17	tranches	tranche	NOUN
cblr-2946	200	18	)	)	PUNCT
cblr-2946	200	19	;	;	PUNCT
cblr-2946	200	20	iosco	iosco	NOUN
cblr-2946	200	21	report	report	NOUN
cblr-2946	200	22	,	,	PUNCT
cblr-2946	200	23	supra	supra	PROPN
cblr-2946	200	24	note	note	PROPN
cblr-2946	200	25	19	19	NUM
cblr-2946	200	26	,	,	PUNCT
cblr-2946	200	27	at	at	ADP
cblr-2946	200	28	4	4	NUM
cblr-2946	200	29	-	-	SYM
cblr-2946	200	30	5	5	NUM
cblr-2946	200	31	(	(	PUNCT
cblr-2946	200	32	explaining	explain	VERB
cblr-2946	200	33	how	how	SCONJ
cblr-2946	200	34	structuring	structure	VERB
cblr-2946	200	35	the	the	DET
cblr-2946	200	36	offering	offering	NOUN
cblr-2946	200	37	into	into	ADP
cblr-2946	200	38	different	different	ADJ
cblr-2946	200	39	tranches	tranche	NOUN
cblr-2946	200	40	allows	allow	VERB
cblr-2946	200	41	the	the	DET
cblr-2946	200	42	issuer	issuer	NOUN
cblr-2946	200	43	to	to	PART
cblr-2946	200	44	take	take	VERB
cblr-2946	200	45	advantage	advantage	NOUN
cblr-2946	200	46	of	of	ADP
cblr-2946	200	47	differing	differ	VERB
cblr-2946	200	48	risk	risk	NOUN
cblr-2946	200	49	preferences	preference	NOUN
cblr-2946	200	50	)	)	PUNCT
cblr-2946	200	51	.	.	PUNCT
cblr-2946	201	1	50	50	NUM
cblr-2946	201	2	sec	sec	PROPN
cblr-2946	201	3	july	july	PROPN
cblr-2946	201	4	2008	2008	NUM
cblr-2946	201	5	report	report	NOUN
cblr-2946	201	6	,	,	PUNCT
cblr-2946	201	7	supra	supra	PROPN
cblr-2946	201	8	note	note	NOUN
cblr-2946	201	9	47	47	NUM
cblr-2946	201	10	,	,	PUNCT
cblr-2946	201	11	at	at	ADP
cblr-2946	201	12	31	31	NUM
cblr-2946	201	13	.	.	PUNCT
cblr-2946	202	1	"	"	PUNCT
cblr-2946	202	2	typically	typically	ADV
cblr-2946	202	3	,	,	PUNCT
cblr-2946	202	4	the	the	DET
cblr-2946	202	5	rating	rating	NOUN
cblr-2946	202	6	agency	agency	NOUN
cblr-2946	202	7	is	be	AUX
cblr-2946	202	8	paid	pay	VERB
cblr-2946	202	9	only	only	ADV
cblr-2946	202	10	if	if	SCONJ
cblr-2946	202	11	the	the	DET
cblr-2946	202	12	credit	credit	NOUN
cblr-2946	202	13	rating	rating	NOUN
cblr-2946	202	14	is	be	AUX
cblr-2946	202	15	issued	issue	VERB
cblr-2946	202	16	,	,	PUNCT
cblr-2946	202	17	though	though	SCONJ
cblr-2946	202	18	sometimes	sometimes	ADV
cblr-2946	202	19	it	it	PRON
cblr-2946	202	20	col	col	PROPN
cblr-2946	202	21	uamia	uamia	PROPN
cblr-2946	202	22	b	b	PROPN
cblr-2946	203	1	usiness	usiness	PROPN
cblr-2946	203	2	la	la	PROPN
cblr-2946	203	3	w	w	PROPN
cblr-2946	203	4	re	re	PROPN
cblr-2946	203	5	vie	vie	PROPN
cblr-2946	203	6	w	w	PROPN
cblr-2946	204	1	[	[	X
cblr-2946	204	2	vol	vol	NOUN
cblr-2946	204	3	.	.	PUNCT
cblr-2946	204	4	2009	2009	NUM
cblr-2946	204	5	no	no	NOUN
cblr-2946	204	6	.	.	PUNCT
cblr-2946	205	1	2:605	2:605	NUM
cblr-2946	205	2	]	]	X
cblr-2946	205	3	credit	credit	NOUN
cblr-2946	205	4	rating	rating	NOUN
cblr-2946	205	5	agencies	agency	NOUN
cblr-2946	205	6	and	and	CCONJ
cblr-2946	205	7	the	the	DET
cblr-2946	205	8	credit	credit	NOUN
cblr-2946	205	9	crisis	crisis	NOUN
cblr-2946	205	10	617	617	NUM
cblr-2946	205	11	ratings	rating	NOUN
cblr-2946	205	12	on	on	ADP
cblr-2946	205	13	other	other	ADJ
cblr-2946	205	14	instruments	instrument	NOUN
cblr-2946	205	15	,	,	PUNCT
cblr-2946	205	16	the	the	DET
cblr-2946	205	17	rating	rating	NOUN
cblr-2946	205	18	reflects	reflect	VERB
cblr-2946	205	19	the	the	DET
cblr-2946	205	20	cra	cra	PROPN
cblr-2946	205	21	's	's	PART
cblr-2946	205	22	view	view	NOUN
cblr-2946	205	23	regarding	regard	VERB
cblr-2946	205	24	the	the	DET
cblr-2946	205	25	likelihood	likelihood	NOUN
cblr-2946	205	26	that	that	SCONJ
cblr-2946	205	27	the	the	DET
cblr-2946	205	28	issuer	issuer	NOUN
cblr-2946	205	29	will	will	AUX
cblr-2946	205	30	meet	meet	VERB
cblr-2946	205	31	its	its	PRON
cblr-2946	205	32	principal	principal	NOUN
cblr-2946	205	33	and	and	CCONJ
cblr-2946	205	34	interest	interest	NOUN
cblr-2946	205	35	obligations.51	obligations.51	NOUN
cblr-2946	205	36	structurers	structurer	NOUN
cblr-2946	205	37	use	use	VERB
cblr-2946	205	38	forms	form	NOUN
cblr-2946	205	39	of	of	ADP
cblr-2946	205	40	credit	credit	NOUN
cblr-2946	205	41	enhancement	enhancement	NOUN
cblr-2946	205	42	to	to	PART
cblr-2946	205	43	lower	lower	VERB
cblr-2946	205	44	the	the	DET
cblr-2946	205	45	credit	credit	NOUN
cblr-2946	205	46	risk	risk	NOUN
cblr-2946	205	47	of	of	ADP
cblr-2946	205	48	the	the	DET
cblr-2946	205	49	asset	asset	NOUN
cblr-2946	205	50	pool	pool	NOUN
cblr-2946	205	51	.	.	PUNCT
cblr-2946	206	1	by	by	ADP
cblr-2946	206	2	absorbing	absorb	VERB
cblr-2946	206	3	all	all	PRON
cblr-2946	206	4	or	or	CCONJ
cblr-2946	206	5	a	a	DET
cblr-2946	206	6	portion	portion	NOUN
cblr-2946	206	7	of	of	ADP
cblr-2946	206	8	credit	credit	NOUN
cblr-2946	206	9	losses	loss	NOUN
cblr-2946	206	10	,	,	PUNCT
cblr-2946	206	11	these	these	DET
cblr-2946	206	12	tools	tool	NOUN
cblr-2946	206	13	are	be	AUX
cblr-2946	206	14	used	use	VERB
cblr-2946	206	15	to	to	PART
cblr-2946	206	16	make	make	VERB
cblr-2946	206	17	it	it	PRON
cblr-2946	206	18	more	more	ADV
cblr-2946	206	19	likely	likely	ADJ
cblr-2946	206	20	investors	investor	NOUN
cblr-2946	206	21	will	will	AUX
cblr-2946	206	22	receive	receive	VERB
cblr-2946	206	23	their	their	PRON
cblr-2946	206	24	contractual	contractual	ADJ
cblr-2946	206	25	cash	cash	NOUN
cblr-2946	206	26	flows	flow	NOUN
cblr-2946	206	27	,	,	PUNCT
cblr-2946	206	28	thereby	thereby	ADV
cblr-2946	206	29	increasing	increase	VERB
cblr-2946	206	30	credit	credit	NOUN
cblr-2946	206	31	ratings	rating	NOUN
cblr-2946	206	32	.	.	PUNCT
cblr-2946	207	1	2	2	NUM
cblr-2946	207	2	senior	senior	ADJ
cblr-2946	207	3	tranches	tranche	NOUN
cblr-2946	207	4	usually	usually	ADV
cblr-2946	207	5	receive	receive	VERB
cblr-2946	207	6	ratings	rating	NOUN
cblr-2946	207	7	somewhere	somewhere	ADV
cblr-2946	207	8	between	between	ADP
cblr-2946	207	9	aaa	aaa	NOUN
cblr-2946	207	10	and	and	CCONJ
cblr-2946	207	11	aa	aa	NOUN
cblr-2946	207	12	,	,	PUNCT
cblr-2946	207	13	while	while	SCONJ
cblr-2946	207	14	mezzanine	mezzanine	ADJ
cblr-2946	207	15	tranches	tranche	NOUN
cblr-2946	207	16	receive	receive	VERB
cblr-2946	207	17	ratings	rating	NOUN
cblr-2946	207	18	of	of	ADP
cblr-2946	207	19	a	a	PRON
cblr-2946	207	20	to	to	ADP
cblr-2946	207	21	bbb	bbb	PROPN
cblr-2946	207	22	.	.	PUNCT
cblr-2946	208	1	"8	"8	PROPN
cblr-2946	208	2	since	since	SCONJ
cblr-2946	208	3	senior	senior	ADJ
cblr-2946	208	4	tiers	tier	NOUN
cblr-2946	208	5	carry	carry	VERB
cblr-2946	208	6	the	the	DET
cblr-2946	208	7	lowest	low	ADJ
cblr-2946	208	8	default	default	NOUN
cblr-2946	208	9	risk	risk	NOUN
cblr-2946	208	10	to	to	ADP
cblr-2946	208	11	investors	investor	NOUN
cblr-2946	208	12	,	,	PUNCT
cblr-2946	208	13	they	they	PRON
cblr-2946	208	14	provide	provide	VERB
cblr-2946	208	15	the	the	DET
cblr-2946	208	16	lowest	low	ADJ
cblr-2946	208	17	interest	interest	NOUN
cblr-2946	208	18	rates.54	rates.54	NOUN
cblr-2946	208	19	when	when	SCONJ
cblr-2946	208	20	determining	determine	VERB
cblr-2946	208	21	ratings	rating	NOUN
cblr-2946	208	22	on	on	ADP
cblr-2946	208	23	rmbs	rmb	NOUN
cblr-2946	208	24	or	or	CCONJ
cblr-2946	208	25	cdos	cdo	NOUN
cblr-2946	208	26	,	,	PUNCT
cblr-2946	208	27	cras	cras	X
cblr-2946	208	28	consider	consider	VERB
cblr-2946	208	29	both	both	DET
cblr-2946	208	30	quantitative	quantitative	ADJ
cblr-2946	208	31	models	model	NOUN
cblr-2946	208	32	and	and	CCONJ
cblr-2946	208	33	qualitative	qualitative	ADJ
cblr-2946	208	34	analysis	analysis	NOUN
cblr-2946	208	35	,	,	PUNCT
cblr-2946	208	36	and	and	CCONJ
cblr-2946	208	37	the	the	DET
cblr-2946	208	38	ultimate	ultimate	ADJ
cblr-2946	208	39	decision	decision	NOUN
cblr-2946	208	40	is	be	AUX
cblr-2946	208	41	made	make	VERB
cblr-2946	208	42	by	by	ADP
cblr-2946	208	43	a	a	DET
cblr-2946	208	44	ratings	rating	NOUN
cblr-2946	208	45	committee	committee	NOUN
cblr-2946	208	46	comprised	comprise	VERB
cblr-2946	208	47	of	of	ADP
cblr-2946	208	48	analytic	analytic	ADJ
cblr-2946	208	49	personnel.5	personnel.5	NOUN
cblr-2946	208	50	the	the	DET
cblr-2946	208	51	agencies	agency	NOUN
cblr-2946	208	52	take	take	VERB
cblr-2946	208	53	into	into	ADP
cblr-2946	208	54	account	account	NOUN
cblr-2946	208	55	the	the	DET
cblr-2946	208	56	credit	credit	NOUN
cblr-2946	208	57	quality	quality	NOUN
cblr-2946	208	58	of	of	ADP
cblr-2946	208	59	the	the	DET
cblr-2946	208	60	underlying	underlie	VERB
cblr-2946	208	61	collateral	collateral	NOUN
cblr-2946	208	62	and	and	CCONJ
cblr-2946	208	63	cash	cash	NOUN
cblr-2946	208	64	flow	flow	NOUN
cblr-2946	208	65	protection	protection	NOUN
cblr-2946	208	66	stemming	stem	VERB
cblr-2946	208	67	from	from	ADP
cblr-2946	208	68	subordinated	subordinated	ADJ
cblr-2946	208	69	tranches.56	tranches.56	NOUN
cblr-2946	208	70	while	while	SCONJ
cblr-2946	208	71	in	in	ADP
cblr-2946	208	72	some	some	DET
cblr-2946	208	73	cases	case	NOUN
cblr-2946	208	74	,	,	PUNCT
cblr-2946	208	75	cras	cras	PROPN
cblr-2946	208	76	review	review	VERB
cblr-2946	208	77	reports	report	NOUN
cblr-2946	208	78	from	from	ADP
cblr-2946	208	79	due	due	ADJ
cblr-2946	208	80	diligence	diligence	NOUN
cblr-2946	208	81	firms	firm	NOUN
cblr-2946	208	82	on	on	ADP
cblr-2946	208	83	the	the	DET
cblr-2946	208	84	underlying	underlie	VERB
cblr-2946	208	85	collateral	collateral	NOUN
cblr-2946	208	86	-	-	PUNCT
cblr-2946	208	87	i.e.	i.e.	X
cblr-2946	208	88	,	,	PUNCT
cblr-2946	208	89	the	the	DET
cblr-2946	208	90	subprime	subprime	ADJ
cblr-2946	208	91	mortgages	mortgage	NOUN
cblr-2946	208	92	-	-	PUNCT
cblr-2946	208	93	cras	cras	X
cblr-2946	208	94	do	do	AUX
cblr-2946	208	95	not	not	PART
cblr-2946	208	96	perform	perform	VERB
cblr-2946	208	97	their	their	PRON
cblr-2946	208	98	own	own	ADJ
cblr-2946	208	99	due	due	ADJ
cblr-2946	208	100	diligence	diligence	NOUN
cblr-2946	208	101	.	.	PUNCT
cblr-2946	209	1	7	7	NUM
cblr-2946	209	2	receives	receive	VERB
cblr-2946	209	3	a	a	DET
cblr-2946	209	4	breakup	breakup	NOUN
cblr-2946	209	5	fee	fee	NOUN
cblr-2946	209	6	for	for	ADP
cblr-2946	209	7	the	the	DET
cblr-2946	209	8	analytic	analytic	ADJ
cblr-2946	209	9	work	work	NOUN
cblr-2946	209	10	undertaken	undertake	VERB
cblr-2946	209	11	even	even	ADV
cblr-2946	209	12	if	if	SCONJ
cblr-2946	209	13	the	the	DET
cblr-2946	209	14	credit	credit	NOUN
cblr-2946	209	15	rating	rating	NOUN
cblr-2946	209	16	is	be	AUX
cblr-2946	209	17	not	not	PART
cblr-2946	209	18	issued	issue	VERB
cblr-2946	209	19	.	.	PUNCT
cblr-2946	209	20	"	"	PUNCT
cblr-2946	210	1	i	i	PRON
cblr-2946	210	2	d.	d.	PROPN
cblr-2946	210	3	at	at	ADP
cblr-2946	210	4	9	9	NUM
cblr-2946	210	5	.	.	X
cblr-2946	210	6	51	51	NUM
cblr-2946	211	1	i	i	PRON
cblr-2946	211	2	d.	d.	PROPN
cblr-2946	211	3	at	at	ADP
cblr-2946	211	4	7	7	NUM
cblr-2946	211	5	.	.	NUM
cblr-2946	211	6	52	52	NUM
cblr-2946	211	7	bethel	bethel	PROPN
cblr-2946	211	8	et	et	PROPN
cblr-2946	211	9	al	al	PROPN
cblr-2946	211	10	.	.	PROPN
cblr-2946	211	11	,	,	PUNCT
cblr-2946	211	12	supra	supra	PROPN
cblr-2946	211	13	note	note	NOUN
cblr-2946	211	14	2	2	NUM
cblr-2946	211	15	,	,	PUNCT
cblr-2946	211	16	at	at	ADP
cblr-2946	211	17	12	12	NUM
cblr-2946	211	18	.	.	PUNCT
cblr-2946	212	1	forms	form	NOUN
cblr-2946	212	2	of	of	ADP
cblr-2946	212	3	credit	credit	NOUN
cblr-2946	212	4	enhancement	enhancement	NOUN
cblr-2946	212	5	include	include	VERB
cblr-2946	212	6	subordination	subordination	NOUN
cblr-2946	212	7	,	,	PUNCT
cblr-2946	212	8	"	"	PUNCT
cblr-2946	212	9	which	which	PRON
cblr-2946	212	10	creates	create	VERB
cblr-2946	212	11	a	a	DET
cblr-2946	212	12	hierarchy	hierarchy	NOUN
cblr-2946	212	13	of	of	ADP
cblr-2946	212	14	loss	loss	NOUN
cblr-2946	212	15	absorption	absorption	NOUN
cblr-2946	212	16	among	among	ADP
cblr-2946	212	17	the	the	DET
cblr-2946	212	18	tranche	tranche	NOUN
cblr-2946	212	19	securities	security	NOUN
cblr-2946	212	20	;	;	PUNCT
cblr-2946	212	21	"	"	PUNCT
cblr-2946	212	22	over	over	ADP
cblr-2946	212	23	-	-	PUNCT
cblr-2946	212	24	collateralization	collateralization	NOUN
cblr-2946	212	25	,	,	PUNCT
cblr-2946	212	26	"	"	PUNCT
cblr-2946	212	27	which	which	PRON
cblr-2946	212	28	is	be	AUX
cblr-2946	212	29	the	the	DET
cblr-2946	212	30	amount	amount	NOUN
cblr-2946	212	31	that	that	PRON
cblr-2946	212	32	the	the	DET
cblr-2946	212	33	principal	principal	ADJ
cblr-2946	212	34	balance	balance	NOUN
cblr-2946	212	35	on	on	ADP
cblr-2946	212	36	the	the	DET
cblr-2946	212	37	mortgage	mortgage	NOUN
cblr-2946	212	38	pool	pool	NOUN
cblr-2946	212	39	exceeds	exceed	VERB
cblr-2946	212	40	the	the	DET
cblr-2946	212	41	principal	principal	ADJ
cblr-2946	212	42	balance	balance	NOUN
cblr-2946	212	43	of	of	ADP
cblr-2946	212	44	the	the	DET
cblr-2946	212	45	tranche	tranche	NOUN
cblr-2946	212	46	securities	security	NOUN
cblr-2946	212	47	issued	issue	VERB
cblr-2946	212	48	by	by	ADP
cblr-2946	212	49	the	the	DET
cblr-2946	212	50	trust	trust	NOUN
cblr-2946	212	51	;	;	PUNCT
cblr-2946	212	52	"	"	PUNCT
cblr-2946	212	53	and	and	CCONJ
cblr-2946	212	54	excess	excess	ADJ
cblr-2946	212	55	spread	spread	NOUN
cblr-2946	212	56	,	,	PUNCT
cblr-2946	212	57	"	"	PUNCT
cblr-2946	212	58	which	which	PRON
cblr-2946	212	59	is	be	AUX
cblr-2946	212	60	the	the	DET
cblr-2946	212	61	amount	amount	NOUN
cblr-2946	212	62	that	that	PRON
cblr-2946	212	63	the	the	DET
cblr-2946	212	64	trust	trust	NOUN
cblr-2946	212	65	's	's	PART
cblr-2946	212	66	monthly	monthly	ADJ
cblr-2946	212	67	interest	interest	NOUN
cblr-2946	212	68	income	income	NOUN
cblr-2946	212	69	exceeds	exceed	VERB
cblr-2946	212	70	its	its	PRON
cblr-2946	212	71	monthly	monthly	ADJ
cblr-2946	212	72	liabilities	liability	NOUN
cblr-2946	212	73	.	.	PUNCT
cblr-2946	212	74	"	"	PUNCT
cblr-2946	213	1	sec	sec	PROPN
cblr-2946	213	2	july	july	PROPN
cblr-2946	213	3	2008	2008	NUM
cblr-2946	213	4	report	report	NOUN
cblr-2946	213	5	,	,	PUNCT
cblr-2946	213	6	supra	supra	PROPN
cblr-2946	213	7	note	note	NOUN
cblr-2946	213	8	47	47	NUM
cblr-2946	213	9	,	,	PUNCT
cblr-2946	213	10	at	at	ADP
cblr-2946	213	11	6	6	NUM
cblr-2946	213	12	.	.	PUNCT
cblr-2946	213	13	"	"	PUNCT
cblr-2946	214	1	bethel	bethel	PROPN
cblr-2946	214	2	et	et	PROPN
cblr-2946	214	3	al	al	PROPN
cblr-2946	214	4	.	.	PROPN
cblr-2946	214	5	,	,	PUNCT
cblr-2946	214	6	supra	supra	PROPN
cblr-2946	214	7	note	note	NOUN
cblr-2946	214	8	2	2	NUM
cblr-2946	214	9	,	,	PUNCT
cblr-2946	214	10	at	at	ADP
cblr-2946	214	11	7	7	NUM
cblr-2946	214	12	-	-	SYM
cblr-2946	214	13	8	8	NUM
cblr-2946	214	14	.	.	PUNCT
cblr-2946	214	15	54	54	NUM
cblr-2946	214	16	hunt	hunt	NOUN
cblr-2946	214	17	,	,	PUNCT
cblr-2946	214	18	supra	supra	PROPN
cblr-2946	214	19	note	note	NOUN
cblr-2946	214	20	3	3	NUM
cblr-2946	214	21	,	,	PUNCT
cblr-2946	214	22	at	at	ADP
cblr-2946	214	23	118	118	NUM
cblr-2946	214	24	(	(	PUNCT
cblr-2946	214	25	citing	cite	VERB
cblr-2946	214	26	ratul	ratul	PROPN
cblr-2946	214	27	roy	roy	PROPN
cblr-2946	214	28	&	&	CCONJ
cblr-2946	214	29	glen	glen	PROPN
cblr-2946	214	30	mcdermott	mcdermott	PROPN
cblr-2946	214	31	,	,	PUNCT
cblr-2946	214	32	abs	ab	NOUN
cblr-2946	214	33	cdos	cdo	NOUN
cblr-2946	214	34	,	,	PUNCT
cblr-2946	214	35	in	in	ADP
cblr-2946	214	36	the	the	DET
cblr-2946	214	37	structured	structured	ADJ
cblr-2946	214	38	credit	credit	NOUN
cblr-2946	214	39	handbook	handbook	NOUN
cblr-2946	214	40	335	335	NUM
cblr-2946	214	41	,	,	PUNCT
cblr-2946	214	42	335	335	NUM
cblr-2946	214	43	(	(	PUNCT
cblr-2946	214	44	arvind	arvind	PROPN
cblr-2946	214	45	rajan	rajan	PROPN
cblr-2946	214	46	,	,	PUNCT
cblr-2946	214	47	glen	glen	PROPN
cblr-2946	214	48	mcdermott	mcdermott	PROPN
cblr-2946	214	49	&	&	CCONJ
cblr-2946	214	50	ratul	ratul	PROPN
cblr-2946	214	51	roy	roy	PROPN
cblr-2946	214	52	eds	eds	PROPN
cblr-2946	214	53	.	.	PROPN
cblr-2946	214	54	,	,	PUNCT
cblr-2946	214	55	2007	2007	NUM
cblr-2946	214	56	)	)	PUNCT
cblr-2946	214	57	)	)	PUNCT
cblr-2946	214	58	.	.	PUNCT
cblr-2946	215	1	55	55	NUM
cblr-2946	215	2	sec	sec	PROPN
cblr-2946	215	3	july	july	PROPN
cblr-2946	215	4	2008	2008	NUM
cblr-2946	215	5	report	report	NOUN
cblr-2946	215	6	,	,	PUNCT
cblr-2946	215	7	supra	supra	PROPN
cblr-2946	215	8	note	note	NOUN
cblr-2946	215	9	47	47	NUM
cblr-2946	215	10	,	,	PUNCT
cblr-2946	215	11	at	at	ADP
cblr-2946	215	12	7	7	NUM
cblr-2946	215	13	.	.	NUM
cblr-2946	215	14	56	56	NUM
cblr-2946	215	15	bethel	bethel	PROPN
cblr-2946	215	16	et	et	PROPN
cblr-2946	215	17	al	al	PROPN
cblr-2946	215	18	.	.	PROPN
cblr-2946	215	19	,	,	PUNCT
cblr-2946	215	20	supra	supra	PROPN
cblr-2946	215	21	note	note	NOUN
cblr-2946	215	22	2	2	NUM
cblr-2946	215	23	,	,	PUNCT
cblr-2946	215	24	at	at	ADP
cblr-2946	215	25	8	8	NUM
cblr-2946	215	26	.	.	X
cblr-2946	215	27	51	51	NUM
cblr-2946	215	28	john	john	PROPN
cblr-2946	215	29	c.	c.	PROPN
cblr-2946	215	30	coffee	coffee	PROPN
cblr-2946	215	31	,	,	PUNCT
cblr-2946	215	32	jr	jr	PROPN
cblr-2946	215	33	.	.	PROPN
cblr-2946	215	34	,	,	PUNCT
cblr-2946	215	35	achieving	achieve	VERB
cblr-2946	215	36	transparency	transparency	NOUN
cblr-2946	215	37	,	,	PUNCT
cblr-2946	215	38	n.y.l.j	n.y.l.j	PROPN
cblr-2946	215	39	.	.	PROPN
cblr-2946	215	40	,	,	PUNCT
cblr-2946	215	41	dec	dec	PROPN
cblr-2946	215	42	.	.	PROPN
cblr-2946	215	43	10	10	NUM
cblr-2946	215	44	,	,	PUNCT
cblr-2946	215	45	2007	2007	NUM
cblr-2946	215	46	(	(	PUNCT
cblr-2946	215	47	"	"	PUNCT
cblr-2946	215	48	[	[	X
cblr-2946	215	49	riating	riate	VERB
cblr-2946	215	50	agencies	agency	NOUN
cblr-2946	215	51	do	do	AUX
cblr-2946	215	52	not	not	PART
cblr-2946	215	53	perform	perform	VERB
cblr-2946	215	54	meaningful	meaningful	ADJ
cblr-2946	215	55	due	due	ADJ
cblr-2946	215	56	diligence	diligence	NOUN
cblr-2946	215	57	.	.	PUNCT
cblr-2946	215	58	"	"	PUNCT
cblr-2946	215	59	)	)	PUNCT
cblr-2946	215	60	;	;	PUNCT
cblr-2946	215	61	bethel	bethel	PROPN
cblr-2946	215	62	et	et	PROPN
cblr-2946	215	63	al	al	PROPN
cblr-2946	215	64	.	.	PROPN
cblr-2946	215	65	,	,	PUNCT
cblr-2946	215	66	supra	supra	PROPN
cblr-2946	215	67	note	note	NOUN
cblr-2946	215	68	2	2	NUM
cblr-2946	215	69	,	,	PUNCT
cblr-2946	215	70	at	at	ADP
cblr-2946	215	71	13	13	NUM
cblr-2946	215	72	(	(	PUNCT
cblr-2946	215	73	"	"	PUNCT
cblr-2946	215	74	in	in	ADP
cblr-2946	215	75	at	at	ADV
cblr-2946	215	76	least	least	ADJ
cblr-2946	215	77	some	some	PRON
cblr-2946	215	78	instances	instance	NOUN
cblr-2946	215	79	,	,	PUNCT
cblr-2946	215	80	credit	credit	NOUN
cblr-2946	215	81	-	-	PUNCT
cblr-2946	215	82	rating	rating	NOUN
cblr-2946	215	83	agencies	agency	NOUN
cblr-2946	215	84	review	review	VERB
cblr-2946	215	85	due	due	ADJ
cblr-2946	215	86	-	-	PUNCT
cblr-2946	215	87	diligence	diligence	NOUN
cblr-2946	215	88	firms	firm	NOUN
cblr-2946	215	89	'	'	PART
cblr-2946	215	90	reports	report	NOUN
cblr-2946	215	91	or	or	CCONJ
cblr-2946	215	92	summaries	summary	NOUN
cblr-2946	215	93	of	of	ADP
cblr-2946	215	94	reports	report	NOUN
cblr-2946	215	95	when	when	SCONJ
cblr-2946	215	96	evaluating	evaluate	VERB
cblr-2946	215	97	credit	credit	NOUN
cblr-2946	215	98	risk	risk	NOUN
cblr-2946	215	99	.	.	PUNCT
cblr-2946	216	1	"	"	PUNCT
cblr-2946	216	2	)	)	PUNCT
cblr-2946	216	3	.	.	PUNCT
cblr-2946	217	1	however	however	ADV
cblr-2946	217	2	,	,	PUNCT
cblr-2946	217	3	in	in	ADP
cblr-2946	217	4	some	some	DET
cblr-2946	217	5	instances	instance	NOUN
cblr-2946	217	6	,	,	PUNCT
cblr-2946	217	7	cras	cras	PROPN
cblr-2946	217	8	were	be	AUX
cblr-2946	217	9	not	not	PART
cblr-2946	217	10	columbia	columbia	PROPN
cblr-2946	217	11	business	business	NOUN
cblr-2946	217	12	law	law	PROPN
cblr-2946	217	13	review	review	NOUN
cblr-2946	217	14	cras	cra	NOUN
cblr-2946	217	15	assert	assert	VERB
cblr-2946	217	16	that	that	SCONJ
cblr-2946	217	17	they	they	PRON
cblr-2946	217	18	have	have	VERB
cblr-2946	217	19	no	no	DET
cblr-2946	217	20	obligation	obligation	NOUN
cblr-2946	217	21	to	to	PART
cblr-2946	217	22	do	do	AUX
cblr-2946	217	23	so	so	ADV
cblr-2946	217	24	,	,	PUNCT
cblr-2946	217	25	but	but	CCONJ
cblr-2946	217	26	their	their	PRON
cblr-2946	217	27	decision	decision	NOUN
cblr-2946	217	28	not	not	PART
cblr-2946	217	29	to	to	PART
cblr-2946	217	30	may	may	AUX
cblr-2946	217	31	also	also	ADV
cblr-2946	217	32	stem	stem	VERB
cblr-2946	217	33	from	from	ADP
cblr-2946	217	34	a	a	DET
cblr-2946	217	35	lack	lack	NOUN
cblr-2946	217	36	of	of	ADP
cblr-2946	217	37	sufficient	sufficient	ADJ
cblr-2946	217	38	resources	resource	NOUN
cblr-2946	217	39	given	give	VERB
cblr-2946	217	40	the	the	DET
cblr-2946	217	41	volume	volume	NOUN
cblr-2946	217	42	of	of	ADP
cblr-2946	217	43	issuances	issuance	NOUN
cblr-2946	217	44	the	the	DET
cblr-2946	217	45	cras	cras	PROPN
cblr-2946	217	46	rate	rate	NOUN
cblr-2946	217	47	or	or	CCONJ
cblr-2946	217	48	concern	concern	NOUN
cblr-2946	217	49	over	over	ADP
cblr-2946	217	50	legal	legal	ADJ
cblr-2946	217	51	liability.58	liability.58	NOUN
cblr-2946	217	52	commentators	commentator	NOUN
cblr-2946	217	53	have	have	AUX
cblr-2946	217	54	emphasized	emphasize	VERB
cblr-2946	217	55	that	that	SCONJ
cblr-2946	217	56	credit	credit	NOUN
cblr-2946	217	57	ratings	rating	NOUN
cblr-2946	217	58	were	be	AUX
cblr-2946	217	59	critical	critical	ADJ
cblr-2946	217	60	in	in	ADP
cblr-2946	217	61	convincing	convince	VERB
cblr-2946	217	62	investors	investor	NOUN
cblr-2946	217	63	to	to	PART
cblr-2946	217	64	accept	accept	VERB
cblr-2946	217	65	novel	novel	ADJ
cblr-2946	217	66	instruments	instrument	NOUN
cblr-2946	217	67	like	like	ADP
cblr-2946	217	68	subprime	subprime	ADJ
cblr-2946	217	69	rmbs	rmb	NOUN
cblr-2946	217	70	and	and	CCONJ
cblr-2946	217	71	cdos	cdo	NOUN
cblr-2946	217	72	linked	link	VERB
cblr-2946	217	73	to	to	ADP
cblr-2946	217	74	subprime	subprime	ADJ
cblr-2946	217	75	mortgages	mortgage	NOUN
cblr-2946	217	76	,	,	PUNCT
cblr-2946	217	77	although	although	SCONJ
cblr-2946	217	78	it	it	PRON
cblr-2946	217	79	is	be	AUX
cblr-2946	217	80	not	not	PART
cblr-2946	217	81	clear	clear	ADJ
cblr-2946	217	82	why.59	why.59	VERB
cblr-2946	217	83	one	one	NUM
cblr-2946	217	84	possible	possible	ADJ
cblr-2946	217	85	reason	reason	NOUN
cblr-2946	217	86	is	be	AUX
cblr-2946	217	87	that	that	SCONJ
cblr-2946	217	88	these	these	DET
cblr-2946	217	89	products	product	NOUN
cblr-2946	217	90	were	be	AUX
cblr-2946	217	91	typically	typically	ADV
cblr-2946	217	92	purchased	purchase	VERB
cblr-2946	217	93	by	by	ADP
cblr-2946	217	94	institutional	institutional	ADJ
cblr-2946	217	95	investors	investor	NOUN
cblr-2946	217	96	such	such	ADJ
cblr-2946	217	97	as	as	ADP
cblr-2946	217	98	hedge	hedge	NOUN
cblr-2946	217	99	funds	fund	NOUN
cblr-2946	217	100	,	,	PUNCT
cblr-2946	217	101	banks	bank	NOUN
cblr-2946	217	102	,	,	PUNCT
cblr-2946	217	103	life	life	NOUN
cblr-2946	217	104	insurance	insurance	NOUN
cblr-2946	217	105	companies	company	NOUN
cblr-2946	217	106	,	,	PUNCT
cblr-2946	217	107	pension	pension	NOUN
cblr-2946	217	108	funds	fund	NOUN
cblr-2946	217	109	,	,	PUNCT
cblr-2946	217	110	and	and	CCONJ
cblr-2946	217	111	mutual	mutual	ADJ
cblr-2946	217	112	funds	fund	NOUN
cblr-2946	217	113	.	.	PUNCT
cblr-2946	218	1	these	these	DET
cblr-2946	218	2	buyers	buyer	NOUN
cblr-2946	218	3	may	may	AUX
cblr-2946	218	4	be	be	AUX
cblr-2946	218	5	subject	subject	ADJ
cblr-2946	218	6	to	to	ADP
cblr-2946	218	7	legal	legal	ADJ
cblr-2946	218	8	restrictions	restriction	NOUN
cblr-2946	218	9	that	that	PRON
cblr-2946	218	10	force	force	VERB
cblr-2946	218	11	them	they	PRON
cblr-2946	218	12	to	to	PART
cblr-2946	218	13	purchase	purchase	VERB
cblr-2946	218	14	investment	investment	NOUN
cblr-2946	218	15	grade	grade	NOUN
cblr-2946	218	16	debt	debt	NOUN
cblr-2946	218	17	.	.	PUNCT
cblr-2946	219	1	"	"	PUNCT
cblr-2946	219	2	°	°	PRON
cblr-2946	219	3	in	in	ADP
cblr-2946	219	4	addition	addition	NOUN
cblr-2946	219	5	,	,	PUNCT
cblr-2946	219	6	nearly	nearly	ADV
cblr-2946	219	7	all	all	DET
cblr-2946	219	8	spvs	spv	NOUN
cblr-2946	219	9	are	be	AUX
cblr-2946	219	10	structured	structure	VERB
cblr-2946	219	11	to	to	PART
cblr-2946	219	12	qualify	qualify	VERB
cblr-2946	219	13	for	for	ADP
cblr-2946	219	14	an	an	DET
cblr-2946	219	15	exemption	exemption	NOUN
cblr-2946	219	16	under	under	ADP
cblr-2946	219	17	the	the	DET
cblr-2946	219	18	investment	investment	NOUN
cblr-2946	219	19	company	company	NOUN
cblr-2946	219	20	act	act	NOUN
cblr-2946	219	21	of	of	ADP
cblr-2946	219	22	1940.61	1940.61	NUM
cblr-2946	219	23	issuers	issuer	NOUN
cblr-2946	219	24	may	may	AUX
cblr-2946	219	25	rely	rely	VERB
cblr-2946	219	26	on	on	ADP
cblr-2946	219	27	rule	rule	NOUN
cblr-2946	219	28	3a-7	3a-7	PROPN
cblr-2946	219	29	,	,	PUNCT
cblr-2946	219	30	which	which	PRON
cblr-2946	219	31	exempts	exempt	VERB
cblr-2946	219	32	an	an	DET
cblr-2946	219	33	spv	spv	NOUN
cblr-2946	219	34	that	that	PRON
cblr-2946	219	35	issues	issue	NOUN
cblr-2946	219	36	fixed	fix	VERB
cblr-2946	219	37	income	income	NOUN
cblr-2946	219	38	securities	security	NOUN
cblr-2946	219	39	with	with	ADP
cblr-2946	219	40	one	one	NUM
cblr-2946	219	41	of	of	ADP
cblr-2946	219	42	the	the	DET
cblr-2946	219	43	highest	high	ADJ
cblr-2946	219	44	four	four	NUM
cblr-2946	219	45	investment	investment	NOUN
cblr-2946	219	46	grade	grade	NOUN
cblr-2946	219	47	ratings	rating	NOUN
cblr-2946	219	48	from	from	ADP
cblr-2946	219	49	an	an	DET
cblr-2946	219	50	nrsro	nrsro	NOUN
cblr-2946	219	51	at	at	ADP
cblr-2946	219	52	the	the	DET
cblr-2946	219	53	time	time	NOUN
cblr-2946	219	54	of	of	ADP
cblr-2946	219	55	sale	sale	NOUN
cblr-2946	219	56	.	.	PUNCT
cblr-2946	220	1	s	s	PART
cblr-2946	220	2	6	6	NUM
cblr-2946	220	3	provided	provide	VERB
cblr-2946	220	4	with	with	ADP
cblr-2946	220	5	due	due	ADJ
cblr-2946	220	6	diligence	diligence	NOUN
cblr-2946	220	7	reports	report	NOUN
cblr-2946	220	8	,	,	PUNCT
cblr-2946	220	9	even	even	ADV
cblr-2946	220	10	upon	upon	SCONJ
cblr-2946	220	11	request	request	NOUN
cblr-2946	220	12	.	.	PUNCT
cblr-2946	221	1	vikas	vikas	PROPN
cblr-2946	221	2	bajaj	bajaj	PROPN
cblr-2946	221	3	&	&	CCONJ
cblr-2946	221	4	jenny	jenny	PROPN
cblr-2946	221	5	anderson	anderson	PROPN
cblr-2946	221	6	,	,	PUNCT
cblr-2946	221	7	inquiry	inquiry	NOUN
cblr-2946	221	8	focuses	focus	VERB
cblr-2946	221	9	on	on	ADP
cblr-2946	221	10	withholding	withholding	NOUN
cblr-2946	221	11	of	of	ADP
cblr-2946	221	12	data	datum	NOUN
cblr-2946	221	13	on	on	ADP
cblr-2946	221	14	loans	loan	NOUN
cblr-2946	221	15	,	,	PUNCT
cblr-2946	221	16	n.y	n.y	PROPN
cblr-2946	221	17	.	.	PROPN
cblr-2946	221	18	times	times	PROPN
cblr-2946	221	19	,	,	PUNCT
cblr-2946	221	20	jan	jan	PROPN
cblr-2946	221	21	.	.	PROPN
cblr-2946	221	22	12	12	NUM
cblr-2946	221	23	,	,	PUNCT
cblr-2946	221	24	2008	2008	NUM
cblr-2946	221	25	,	,	PUNCT
cblr-2946	221	26	at	at	ADP
cblr-2946	221	27	al	al	PROPN
cblr-2946	221	28	.	.	PUNCT
cblr-2946	221	29	"	"	PUNCT
cblr-2946	222	1	coffee	coffee	NOUN
cblr-2946	222	2	,	,	PUNCT
cblr-2946	222	3	supra	supra	PROPN
cblr-2946	222	4	note	note	NOUN
cblr-2946	222	5	57	57	NUM
cblr-2946	222	6	(	(	PUNCT
cblr-2946	222	7	noting	note	VERB
cblr-2946	222	8	that	that	SCONJ
cblr-2946	222	9	moody	moody	PROPN
cblr-2946	222	10	's	's	PART
cblr-2946	222	11	code	code	NOUN
cblr-2946	222	12	of	of	ADP
cblr-2946	222	13	professional	professional	ADJ
cblr-2946	222	14	conduct	conduct	NOUN
cblr-2946	222	15	states	state	VERB
cblr-2946	222	16	that	that	SCONJ
cblr-2946	222	17	moody	moody	PROPN
cblr-2946	222	18	's	's	PART
cblr-2946	222	19	does	do	AUX
cblr-2946	222	20	not	not	PART
cblr-2946	222	21	have	have	VERB
cblr-2946	222	22	an	an	DET
cblr-2946	222	23	obligation	obligation	NOUN
cblr-2946	222	24	to	to	PART
cblr-2946	222	25	perform	perform	VERB
cblr-2946	222	26	due	due	ADJ
cblr-2946	222	27	diligence	diligence	NOUN
cblr-2946	222	28	)	)	PUNCT
cblr-2946	222	29	(	(	PUNCT
cblr-2946	222	30	citing	cite	VERB
cblr-2946	222	31	moody	moody	PROPN
cblr-2946	222	32	's	's	PART
cblr-2946	222	33	investor	investor	NOUN
cblr-2946	222	34	service	service	NOUN
cblr-2946	222	35	,	,	PUNCT
cblr-2946	222	36	code	code	NOUN
cblr-2946	222	37	of	of	ADP
cblr-2946	222	38	professional	professional	ADJ
cblr-2946	222	39	conduct	conduct	NOUN
cblr-2946	222	40	6	6	NUM
cblr-2946	222	41	(	(	PUNCT
cblr-2946	222	42	june	june	PROPN
cblr-2946	222	43	2005	2005	NUM
cblr-2946	222	44	)	)	PUNCT
cblr-2946	222	45	)	)	PUNCT
cblr-2946	222	46	.	.	PUNCT
cblr-2946	223	1	59	59	NUM
cblr-2946	223	2	see	see	VERB
cblr-2946	223	3	,	,	PUNCT
cblr-2946	223	4	e.g.	e.g.	ADV
cblr-2946	223	5	,	,	PUNCT
cblr-2946	223	6	hunt	hunt	NOUN
cblr-2946	223	7	,	,	PUNCT
cblr-2946	223	8	supra	supra	PROPN
cblr-2946	223	9	note	note	NOUN
cblr-2946	223	10	3	3	NUM
cblr-2946	223	11	,	,	PUNCT
cblr-2946	223	12	at	at	ADP
cblr-2946	223	13	119	119	NUM
cblr-2946	223	14	(	(	PUNCT
cblr-2946	223	15	"	"	PUNCT
cblr-2946	223	16	agency	agency	NOUN
cblr-2946	223	17	ratings	rating	NOUN
cblr-2946	223	18	apparently	apparently	ADV
cblr-2946	223	19	have	have	AUX
cblr-2946	223	20	been	be	AUX
cblr-2946	223	21	crucial	crucial	ADJ
cblr-2946	223	22	for	for	ADP
cblr-2946	223	23	investor	investor	NOUN
cblr-2946	223	24	acceptance	acceptance	NOUN
cblr-2946	223	25	of	of	ADP
cblr-2946	223	26	these	these	DET
cblr-2946	223	27	new	new	ADJ
cblr-2946	223	28	instruments	instrument	NOUN
cblr-2946	223	29	,	,	PUNCT
cblr-2946	223	30	although	although	SCONJ
cblr-2946	223	31	commenters	commenter	NOUN
cblr-2946	223	32	do	do	AUX
cblr-2946	223	33	not	not	PART
cblr-2946	223	34	agree	agree	VERB
cblr-2946	223	35	on	on	ADP
cblr-2946	223	36	the	the	DET
cblr-2946	223	37	reason	reason	NOUN
cblr-2946	223	38	for	for	ADP
cblr-2946	223	39	this	this	PRON
cblr-2946	223	40	.	.	PUNCT
cblr-2946	223	41	"	"	PUNCT
cblr-2946	223	42	)	)	PUNCT
cblr-2946	223	43	.	.	PUNCT
cblr-2946	224	1	60	60	NUM
cblr-2946	224	2	bethel	bethel	PROPN
cblr-2946	224	3	et	et	PROPN
cblr-2946	224	4	al	al	PROPN
cblr-2946	224	5	.	.	PROPN
cblr-2946	224	6	,	,	PUNCT
cblr-2946	224	7	supra	supra	PROPN
cblr-2946	224	8	note	note	NOUN
cblr-2946	224	9	2	2	NUM
cblr-2946	224	10	,	,	PUNCT
cblr-2946	224	11	at	at	ADP
cblr-2946	224	12	14	14	NUM
cblr-2946	224	13	(	(	PUNCT
cblr-2946	224	14	noting	note	VERB
cblr-2946	224	15	that	that	SCONJ
cblr-2946	224	16	in	in	ADP
cblr-2946	224	17	certain	certain	ADJ
cblr-2946	224	18	circumstances	circumstance	NOUN
cblr-2946	224	19	,	,	PUNCT
cblr-2946	224	20	institutional	institutional	ADJ
cblr-2946	224	21	investors	investor	NOUN
cblr-2946	224	22	are	be	AUX
cblr-2946	224	23	subject	subject	ADJ
cblr-2946	224	24	to	to	ADP
cblr-2946	224	25	legal	legal	ADJ
cblr-2946	224	26	rules	rule	NOUN
cblr-2946	224	27	that	that	PRON
cblr-2946	224	28	require	require	VERB
cblr-2946	224	29	them	they	PRON
cblr-2946	224	30	to	to	PART
cblr-2946	224	31	purchase	purchase	VERB
cblr-2946	224	32	only	only	ADV
cblr-2946	224	33	investment	investment	NOUN
cblr-2946	224	34	grade	grade	NOUN
cblr-2946	224	35	or	or	CCONJ
cblr-2946	224	36	aaa	aaa	NOUN
cblr-2946	224	37	-	-	PUNCT
cblr-2946	224	38	rated	rate	VERB
cblr-2946	224	39	debt	debt	NOUN
cblr-2946	224	40	)	)	PUNCT
cblr-2946	224	41	.	.	PUNCT
cblr-2946	225	1	while	while	SCONJ
cblr-2946	225	2	rmbs	rmb	NOUN
cblr-2946	225	3	are	be	AUX
cblr-2946	225	4	often	often	ADV
cblr-2946	225	5	registered	register	VERB
cblr-2946	225	6	,	,	PUNCT
cblr-2946	225	7	cdos	cdo	NOUN
cblr-2946	225	8	are	be	AUX
cblr-2946	225	9	usually	usually	ADV
cblr-2946	225	10	not	not	PART
cblr-2946	225	11	,	,	PUNCT
cblr-2946	225	12	so	so	ADV
cblr-2946	225	13	offerees	offeree	NOUN
cblr-2946	225	14	must	must	AUX
cblr-2946	225	15	be	be	AUX
cblr-2946	225	16	qualified	qualified	ADJ
cblr-2946	225	17	institutional	institutional	ADJ
cblr-2946	225	18	investors	investor	NOUN
cblr-2946	225	19	such	such	ADJ
cblr-2946	225	20	as	as	ADP
cblr-2946	225	21	pension	pension	NOUN
cblr-2946	225	22	plans	plan	NOUN
cblr-2946	225	23	,	,	PUNCT
cblr-2946	225	24	hedge	hedge	NOUN
cblr-2946	225	25	funds	fund	NOUN
cblr-2946	225	26	,	,	PUNCT
cblr-2946	225	27	investment	investment	NOUN
cblr-2946	225	28	banks	bank	NOUN
cblr-2946	225	29	,	,	PUNCT
cblr-2946	225	30	and	and	CCONJ
cblr-2946	225	31	municipalities	municipality	NOUN
cblr-2946	225	32	.	.	PUNCT
cblr-2946	226	1	hunt	hunt	NOUN
cblr-2946	226	2	,	,	PUNCT
cblr-2946	226	3	supra	supra	PROPN
cblr-2946	226	4	note	note	NOUN
cblr-2946	226	5	3	3	NUM
cblr-2946	226	6	,	,	PUNCT
cblr-2946	226	7	at	at	ADP
cblr-2946	226	8	119	119	NUM
cblr-2946	226	9	;	;	PUNCT
cblr-2946	226	10	17	17	NUM
cblr-2946	226	11	c.f.r	c.f.r	NOUN
cblr-2946	226	12	.	.	PUNCT
cblr-2946	227	1	§	§	PROPN
cblr-2946	227	2	230.144a-(d)(1	230.144a-(d)(1	NUM
cblr-2946	227	3	)	)	PUNCT
cblr-2946	227	4	(	(	PUNCT
cblr-2946	227	5	2009	2009	NUM
cblr-2946	227	6	)	)	PUNCT
cblr-2946	227	7	.	.	PUNCT
cblr-2946	228	1	61	61	NUM
cblr-2946	228	2	bethel	bethel	PROPN
cblr-2946	228	3	et	et	PROPN
cblr-2946	228	4	al	al	PROPN
cblr-2946	228	5	.	.	PROPN
cblr-2946	228	6	,	,	PUNCT
cblr-2946	228	7	supra	supra	PROPN
cblr-2946	228	8	note	note	NOUN
cblr-2946	228	9	2	2	NUM
cblr-2946	228	10	,	,	PUNCT
cblr-2946	228	11	at	at	ADP
cblr-2946	228	12	8	8	NUM
cblr-2946	228	13	.	.	PUNCT
cblr-2946	229	1	62	62	NUM
cblr-2946	229	2	17	17	NUM
cblr-2946	229	3	c.f.r	c.f.r	NOUN
cblr-2946	229	4	.	.	PUNCT
cblr-2946	230	1	§	§	PROPN
cblr-2946	230	2	270.3a-7	270.3a-7	NUM
cblr-2946	230	3	(	(	PUNCT
cblr-2946	230	4	2009	2009	NUM
cblr-2946	230	5	)	)	PUNCT
cblr-2946	230	6	.	.	PUNCT
cblr-2946	231	1	bethel	bethel	PROPN
cblr-2946	231	2	et	et	PROPN
cblr-2946	231	3	al	al	PROPN
cblr-2946	231	4	.	.	PROPN
cblr-2946	231	5	,	,	PUNCT
cblr-2946	231	6	supra	supra	PROPN
cblr-2946	231	7	note	note	NOUN
cblr-2946	231	8	2	2	NUM
cblr-2946	231	9	,	,	PUNCT
cblr-2946	231	10	at	at	ADP
cblr-2946	231	11	8	8	NUM
cblr-2946	231	12	(	(	PUNCT
cblr-2946	231	13	referring	refer	VERB
cblr-2946	231	14	to	to	PART
cblr-2946	231	15	rule	rule	VERB
cblr-2946	231	16	3a-7	3a-7	PROPN
cblr-2946	231	17	as	as	ADP
cblr-2946	231	18	the	the	DET
cblr-2946	231	19	"	"	PUNCT
cblr-2946	231	20	primary	primary	ADJ
cblr-2946	231	21	exemption	exemption	NOUN
cblr-2946	231	22	"	"	PUNCT
cblr-2946	231	23	)	)	PUNCT
cblr-2946	231	24	.	.	PUNCT
cblr-2946	232	1	in	in	ADP
cblr-2946	232	2	contrast	contrast	NOUN
cblr-2946	232	3	,	,	PUNCT
cblr-2946	232	4	the	the	DET
cblr-2946	232	5	sec	sec	PROPN
cblr-2946	232	6	has	have	AUX
cblr-2946	232	7	stated	state	VERB
cblr-2946	232	8	most	most	ADV
cblr-2946	232	9	structured	structured	ADJ
cblr-2946	232	10	finance	finance	NOUN
cblr-2946	232	11	issuances	issuance	NOUN
cblr-2946	232	12	do	do	AUX
cblr-2946	232	13	not	not	PART
cblr-2946	232	14	depend	depend	VERB
cblr-2946	232	15	on	on	ADP
cblr-2946	232	16	rule	rule	NOUN
cblr-2946	232	17	3a-7	3a-7	PROPN
cblr-2946	232	18	.	.	PUNCT
cblr-2946	233	1	references	reference	NOUN
cblr-2946	233	2	to	to	ADP
cblr-2946	233	3	ratings	rating	NOUN
cblr-2946	233	4	of	of	ADP
cblr-2946	233	5	nationally	nationally	ADV
cblr-2946	233	6	recognized	recognize	VERB
cblr-2946	233	7	statistical	statistical	ADJ
cblr-2946	233	8	rating	rating	NOUN
cblr-2946	233	9	[	[	X
cblr-2946	233	10	vol	vol	NOUN
cblr-2946	233	11	,	,	PUNCT
cblr-2946	233	12	2009	2009	NUM
cblr-2946	233	13	no	no	NOUN
cblr-2946	233	14	.	.	PUNCT
cblr-2946	234	1	2:605	2:605	NUM
cblr-2946	234	2	]	]	X
cblr-2946	234	3	credit	credit	NOUN
cblr-2946	234	4	rating	rating	NOUN
cblr-2946	234	5	agencies	agency	NOUN
cblr-2946	234	6	and	and	CCONJ
cblr-2946	234	7	the	the	DET
cblr-2946	234	8	credit	credit	NOUN
cblr-2946	234	9	crisis	crisis	NOUN
cblr-2946	234	10	619	619	NUM
cblr-2946	234	11	moreover	moreover	ADV
cblr-2946	234	12	,	,	PUNCT
cblr-2946	234	13	for	for	ADP
cblr-2946	234	14	erisa	erisa	NOUN
cblr-2946	234	15	purposes	purpose	NOUN
cblr-2946	234	16	,	,	PUNCT
cblr-2946	234	17	investment	investment	NOUN
cblr-2946	234	18	grade	grade	NOUN
cblr-2946	234	19	ratings	rating	NOUN
cblr-2946	234	20	can	can	AUX
cblr-2946	234	21	be	be	AUX
cblr-2946	234	22	important	important	ADJ
cblr-2946	234	23	to	to	ADP
cblr-2946	234	24	banks	bank	NOUN
cblr-2946	234	25	that	that	PRON
cblr-2946	234	26	wish	wish	VERB
cblr-2946	234	27	to	to	PART
cblr-2946	234	28	act	act	VERB
cblr-2946	234	29	as	as	ADP
cblr-2946	234	30	sponsors	sponsor	NOUN
cblr-2946	234	31	of	of	ADP
cblr-2946	234	32	spvs.6	spvs.6	PROPN
cblr-2946	234	33	3	3	NUM
cblr-2946	234	34	4	4	NUM
cblr-2946	234	35	.	.	PUNCT
cblr-2946	235	1	the	the	DET
cblr-2946	235	2	burst	burst	NOUN
cblr-2946	235	3	of	of	ADP
cblr-2946	235	4	the	the	DET
cblr-2946	235	5	housing	housing	NOUN
cblr-2946	235	6	bubble	bubble	NOUN
cblr-2946	235	7	and	and	CCONJ
cblr-2946	235	8	why	why	SCONJ
cblr-2946	235	9	fingers	finger	NOUN
cblr-2946	235	10	are	be	AUX
cblr-2946	235	11	pointing	point	VERB
cblr-2946	235	12	at	at	ADP
cblr-2946	235	13	the	the	DET
cblr-2946	235	14	cras	cras	PROPN
cblr-2946	235	15	after	after	SCONJ
cblr-2946	235	16	housing	housing	NOUN
cblr-2946	235	17	peaked	peak	VERB
cblr-2946	235	18	in	in	ADP
cblr-2946	235	19	2005	2005	NUM
cblr-2946	235	20	,	,	PUNCT
cblr-2946	235	21	housing	housing	NOUN
cblr-2946	235	22	prices	price	NOUN
cblr-2946	235	23	began	begin	VERB
cblr-2946	235	24	to	to	PART
cblr-2946	235	25	decline	decline	VERB
cblr-2946	235	26	nationally	nationally	ADV
cblr-2946	235	27	in	in	SCONJ
cblr-2946	235	28	2006.64	2006.64	NUM
cblr-2946	235	29	home	home	NOUN
cblr-2946	235	30	sales	sale	NOUN
cblr-2946	235	31	fell	fall	VERB
cblr-2946	235	32	,	,	PUNCT
cblr-2946	235	33	and	and	CCONJ
cblr-2946	235	34	interest	interest	NOUN
cblr-2946	235	35	rates	rate	NOUN
cblr-2946	235	36	increased.65	increased.65	ADP
cblr-2946	235	37	by	by	ADP
cblr-2946	235	38	february	february	PROPN
cblr-2946	235	39	2008	2008	NUM
cblr-2946	235	40	,	,	PUNCT
cblr-2946	235	41	over	over	ADP
cblr-2946	235	42	two	two	NUM
cblr-2946	235	43	million	million	NUM
cblr-2946	235	44	homeowners	homeowner	NOUN
cblr-2946	235	45	incurred	incur	VERB
cblr-2946	235	46	interest	interest	NOUN
cblr-2946	235	47	rate	rate	NOUN
cblr-2946	235	48	resets	reset	NOUN
cblr-2946	235	49	on	on	ADP
cblr-2946	235	50	their	their	PRON
cblr-2946	235	51	mortgages.66	mortgages.66	NOUN
cblr-2946	235	52	data	datum	NOUN
cblr-2946	235	53	show	show	VERB
cblr-2946	235	54	that	that	SCONJ
cblr-2946	235	55	mortgage	mortgage	NOUN
cblr-2946	235	56	payments	payment	NOUN
cblr-2946	235	57	increased	increase	VERB
cblr-2946	235	58	by	by	ADP
cblr-2946	235	59	up	up	ADP
cblr-2946	235	60	to	to	PART
cblr-2946	235	61	30%.67	30%.67	NUM
cblr-2946	235	62	already	already	ADV
cblr-2946	235	63	as	as	ADP
cblr-2946	235	64	of	of	ADP
cblr-2946	235	65	june	june	PROPN
cblr-2946	235	66	2007	2007	NUM
cblr-2946	235	67	,	,	PUNCT
cblr-2946	235	68	roughly	roughly	ADV
cblr-2946	235	69	13	13	NUM
cblr-2946	235	70	%	%	NOUN
cblr-2946	235	71	of	of	ADP
cblr-2946	235	72	subprime	subprime	ADJ
cblr-2946	235	73	loans	loan	NOUN
cblr-2946	235	74	stood	stand	VERB
cblr-2946	235	75	at	at	ADP
cblr-2946	235	76	or	or	CCONJ
cblr-2946	235	77	near	near	ADP
cblr-2946	235	78	foreclosure	foreclosure	NOUN
cblr-2946	235	79	.	.	PUNCT
cblr-2946	236	1	"6	"6	NOUN
cblr-2946	236	2	market	market	NOUN
cblr-2946	236	3	participants	participant	NOUN
cblr-2946	236	4	began	begin	VERB
cblr-2946	236	5	reassessing	reassess	VERB
cblr-2946	236	6	the	the	DET
cblr-2946	236	7	credit	credit	NOUN
cblr-2946	236	8	risk	risk	NOUN
cblr-2946	236	9	inherent	inherent	ADJ
cblr-2946	236	10	in	in	ADP
cblr-2946	236	11	subprime	subprime	ADJ
cblr-2946	236	12	rmbs	rmb	NOUN
cblr-2946	236	13	and	and	CCONJ
cblr-2946	236	14	cdos	cdo	NOUN
cblr-2946	236	15	as	as	SCONJ
cblr-2946	236	16	default	default	NOUN
cblr-2946	236	17	and	and	CCONJ
cblr-2946	236	18	delinquency	delinquency	NOUN
cblr-2946	236	19	rates	rate	NOUN
cblr-2946	236	20	exceeded	exceed	VERB
cblr-2946	236	21	expectations.69	expectations.69	NOUN
cblr-2946	236	22	organizations	organization	NOUN
cblr-2946	236	23	,	,	PUNCT
cblr-2946	236	24	investment	investment	NOUN
cblr-2946	236	25	company	company	NOUN
cblr-2946	236	26	act	act	VERB
cblr-2946	236	27	release	release	VERB
cblr-2946	236	28	no	no	NOUN
cblr-2946	236	29	.	.	NOUN
cblr-2946	236	30	28,327	28,327	NUM
cblr-2946	236	31	,	,	PUNCT
cblr-2946	236	32	2008	2008	NUM
cblr-2946	236	33	sec	sec	PROPN
cblr-2946	236	34	lexis	lexis	NOUN
cblr-2946	236	35	1519	1519	NUM
cblr-2946	236	36	,	,	PUNCT
cblr-2946	236	37	at	at	ADP
cblr-2946	236	38	*	*	NUM
cblr-2946	236	39	27	27	NUM
cblr-2946	236	40	(	(	PUNCT
cblr-2946	236	41	july	july	PROPN
cblr-2946	236	42	1	1	NUM
cblr-2946	236	43	,	,	PUNCT
cblr-2946	236	44	2008	2008	NUM
cblr-2946	236	45	)	)	PUNCT
cblr-2946	236	46	.	.	PUNCT
cblr-2946	237	1	6	6	NUM
cblr-2946	237	2	bethel	bethel	PROPN
cblr-2946	237	3	et	et	PROPN
cblr-2946	237	4	al	al	PROPN
cblr-2946	237	5	.	.	PROPN
cblr-2946	237	6	,	,	PUNCT
cblr-2946	237	7	supra	supra	PROPN
cblr-2946	237	8	note	note	NOUN
cblr-2946	237	9	2	2	NUM
cblr-2946	237	10	,	,	PUNCT
cblr-2946	237	11	at	at	ADP
cblr-2946	237	12	14	14	NUM
cblr-2946	237	13	.	.	PUNCT
cblr-2946	238	1	erisa	erisa	NOUN
cblr-2946	238	2	refers	refer	VERB
cblr-2946	238	3	to	to	ADP
cblr-2946	238	4	the	the	DET
cblr-2946	238	5	employee	employee	NOUN
cblr-2946	238	6	retirement	retirement	PROPN
cblr-2946	238	7	income	income	PROPN
cblr-2946	238	8	security	security	PROPN
cblr-2946	238	9	act	act	PROPN
cblr-2946	238	10	.	.	PUNCT
cblr-2946	239	1	u.s	u.s	PROPN
cblr-2946	239	2	.	.	PROPN
cblr-2946	239	3	department	department	PROPN
cblr-2946	239	4	of	of	ADP
cblr-2946	239	5	labor	labor	PROPN
cblr-2946	239	6	,	,	PUNCT
cblr-2946	239	7	http://www	http://www	PROPN
cblr-2946	239	8	.	.	PROPN
cblr-2946	239	9	dol.gov/dol/topic/health-plans/erisa.htm	dol.gov/dol/topic/health-plans/erisa.htm	PROPN
cblr-2946	239	10	(	(	PUNCT
cblr-2946	239	11	last	last	ADJ
cblr-2946	239	12	visited	visit	VERB
cblr-2946	239	13	apr	apr	NOUN
cblr-2946	239	14	.	.	PROPN
cblr-2946	239	15	26	26	NUM
cblr-2946	239	16	,	,	PUNCT
cblr-2946	239	17	2009	2009	NUM
cblr-2946	239	18	)	)	PUNCT
cblr-2946	239	19	.	.	PUNCT
cblr-2946	240	1	"	"	PUNCT
cblr-2946	240	2	see	see	VERB
cblr-2946	240	3	lahart	lahart	NOUN
cblr-2946	240	4	,	,	PUNCT
cblr-2946	240	5	supra	supra	PROPN
cblr-2946	240	6	note	note	PROPN
cblr-2946	240	7	35	35	NUM
cblr-2946	240	8	(	(	PUNCT
cblr-2946	240	9	"	"	PUNCT
cblr-2946	240	10	housing	housing	NOUN
cblr-2946	240	11	peaked	peak	VERB
cblr-2946	240	12	in	in	ADP
cblr-2946	240	13	2005	2005	NUM
cblr-2946	240	14	.	.	PUNCT
cblr-2946	241	1	by	by	ADP
cblr-2946	241	2	early	early	ADJ
cblr-2946	241	3	2006	2006	NUM
cblr-2946	241	4	it	it	PRON
cblr-2946	241	5	was	be	AUX
cblr-2946	241	6	widely	widely	ADV
cblr-2946	241	7	recognized	recognize	VERB
cblr-2946	241	8	the	the	DET
cblr-2946	241	9	boom	boom	NOUN
cblr-2946	241	10	was	be	AUX
cblr-2946	241	11	likely	likely	ADJ
cblr-2946	241	12	over	over	ADV
cblr-2946	241	13	,	,	PUNCT
cblr-2946	241	14	and	and	CCONJ
cblr-2946	241	15	by	by	ADP
cblr-2946	241	16	mid-2006	mid-2006	NOUN
cblr-2946	241	17	it	it	PRON
cblr-2946	241	18	was	be	AUX
cblr-2946	241	19	beyond	beyond	ADP
cblr-2946	241	20	question	question	NOUN
cblr-2946	241	21	.	.	PUNCT
cblr-2946	242	1	in	in	ADP
cblr-2946	242	2	june	june	PROPN
cblr-2946	242	3	2006	2006	NUM
cblr-2946	242	4	,	,	PUNCT
cblr-2946	242	5	sales	sale	NOUN
cblr-2946	242	6	of	of	ADP
cblr-2946	242	7	existing	exist	VERB
cblr-2946	242	8	single	single	ADJ
cblr-2946	242	9	-	-	PUNCT
cblr-2946	242	10	family	family	NOUN
cblr-2946	242	11	homes	home	NOUN
cblr-2946	242	12	were	be	AUX
cblr-2946	242	13	9	9	NUM
cblr-2946	242	14	%	%	NOUN
cblr-2946	242	15	below	below	ADP
cblr-2946	242	16	their	their	PRON
cblr-2946	242	17	year	year	NOUN
cblr-2946	242	18	-	-	PUNCT
cblr-2946	242	19	earlier	early	ADJ
cblr-2946	242	20	level	level	NOUN
cblr-2946	242	21	,	,	PUNCT
cblr-2946	242	22	sales	sale	NOUN
cblr-2946	242	23	of	of	ADP
cblr-2946	242	24	new	new	ADJ
cblr-2946	242	25	homes	home	NOUN
cblr-2946	242	26	were	be	AUX
cblr-2946	242	27	down	down	ADV
cblr-2946	242	28	15	15	NUM
cblr-2946	242	29	%	%	NOUN
cblr-2946	242	30	and	and	CCONJ
cblr-2946	242	31	framing	frame	VERB
cblr-2946	242	32	lumber	lumber	NOUN
cblr-2946	242	33	prices	price	NOUN
cblr-2946	242	34	were	be	AUX
cblr-2946	242	35	down	down	ADV
cblr-2946	242	36	19	19	NUM
cblr-2946	242	37	%	%	NOUN
cblr-2946	242	38	.	.	PUNCT
cblr-2946	243	1	"	"	PUNCT
cblr-2946	243	2	)	)	PUNCT
cblr-2946	243	3	;	;	PUNCT
cblr-2946	243	4	bethel	bethel	PROPN
cblr-2946	243	5	et	et	PROPN
cblr-2946	243	6	al	al	PROPN
cblr-2946	243	7	.	.	PROPN
cblr-2946	243	8	,	,	PUNCT
cblr-2946	243	9	supra	supra	PROPN
cblr-2946	243	10	note	note	NOUN
cblr-2946	243	11	2	2	NUM
cblr-2946	243	12	,	,	PUNCT
cblr-2946	243	13	at	at	ADP
cblr-2946	243	14	18	18	NUM
cblr-2946	243	15	(	(	PUNCT
cblr-2946	243	16	stating	state	VERB
cblr-2946	243	17	that	that	SCONJ
cblr-2946	243	18	housing	housing	NOUN
cblr-2946	243	19	prices	price	NOUN
cblr-2946	243	20	declined	decline	VERB
cblr-2946	243	21	about	about	ADP
cblr-2946	243	22	1.5	1.5	NUM
cblr-2946	243	23	%	%	NOUN
cblr-2946	243	24	between	between	ADP
cblr-2946	243	25	2006	2006	NUM
cblr-2946	243	26	and	and	CCONJ
cblr-2946	243	27	2007	2007	NUM
cblr-2946	243	28	)	)	PUNCT
cblr-2946	243	29	.	.	PUNCT
cblr-2946	244	1	66	66	NUM
cblr-2946	244	2	bethel	bethel	PROPN
cblr-2946	244	3	et	et	PROPN
cblr-2946	244	4	al	al	PROPN
cblr-2946	244	5	.	.	PROPN
cblr-2946	244	6	,	,	PUNCT
cblr-2946	244	7	supra	supra	PROPN
cblr-2946	244	8	note	note	NOUN
cblr-2946	244	9	2	2	NUM
cblr-2946	244	10	,	,	PUNCT
cblr-2946	244	11	at	at	ADP
cblr-2946	244	12	18	18	NUM
cblr-2946	244	13	.	.	PUNCT
cblr-2946	244	14	66	66	NUM
cblr-2946	245	1	i	i	PRON
cblr-2946	245	2	d.	d.	PROPN
cblr-2946	245	3	(	(	PUNCT
cblr-2946	245	4	citing	cite	VERB
cblr-2946	245	5	c.	c.	PROPN
cblr-2946	245	6	cagan	cagan	PROPN
cblr-2946	245	7	,	,	PUNCT
cblr-2946	245	8	mortgage	mortgage	NOUN
cblr-2946	245	9	payment	payment	NOUN
cblr-2946	245	10	reset	reset	NOUN
cblr-2946	245	11	:	:	PUNCT
cblr-2946	245	12	the	the	DET
cblr-2946	245	13	issue	issue	NOUN
cblr-2946	245	14	and	and	CCONJ
cblr-2946	245	15	the	the	DET
cblr-2946	245	16	impact	impact	NOUN
cblr-2946	245	17	,	,	PUNCT
cblr-2946	245	18	first	first	ADJ
cblr-2946	245	19	american	american	ADJ
cblr-2946	245	20	core	core	NOUN
cblr-2946	245	21	-	-	PUNCT
cblr-2946	245	22	logic	logic	NOUN
cblr-2946	245	23	,	,	PUNCT
cblr-2946	245	24	2007	2007	NUM
cblr-2946	245	25	,	,	PUNCT
cblr-2946	245	26	available	available	ADJ
cblr-2946	245	27	at	at	ADP
cblr-2946	245	28	www.facorelogic	www.facorelogic	PROPN
cblr-2946	245	29	.	.	PUNCT
cblr-2946	246	1	comluploadedfiles	comluploadedfiles	PROPN
cblr-2946	246	2	/	/	SYM
cblr-2946	246	3	newsroom	newsroom	PROPN
cblr-2946	246	4	/	/	SYM
cblr-2946	246	5	studies	study	NOUN
cblr-2946	246	6	-	-	PUNCT
cblr-2946	246	7	andbriefs	andbrief	NOUN
cblr-2946	246	8	/	/	SYM
cblr-2946	246	9	studies/20070048mortg	studies/20070048mortg	ADJ
cblr-2946	246	10	agepaymentresetstudyfinal.pdf	agepaymentresetstudyfinal.pdf	NOUN
cblr-2946	246	11	)	)	PUNCT
cblr-2946	246	12	.	.	PUNCT
cblr-2946	247	1	67	67	NUM
cblr-2946	248	1	i	i	PRON
cblr-2946	248	2	d.	d.	PROPN
cblr-2946	248	3	hudson	hudson	PROPN
cblr-2946	248	4	,	,	PUNCT
cblr-2946	248	5	supra	supra	PROPN
cblr-2946	248	6	note	note	PROPN
cblr-2946	248	7	48	48	NUM
cblr-2946	248	8	.	.	PUNCT
cblr-2946	249	1	66	66	NUM
cblr-2946	249	2	bethel	bethel	PROPN
cblr-2946	249	3	et	et	PROPN
cblr-2946	249	4	al	al	PROPN
cblr-2946	249	5	.	.	PROPN
cblr-2946	249	6	,	,	PUNCT
cblr-2946	249	7	supra	supra	PROPN
cblr-2946	249	8	note	note	NOUN
cblr-2946	249	9	2	2	NUM
cblr-2946	249	10	,	,	PUNCT
cblr-2946	249	11	at	at	ADP
cblr-2946	249	12	20	20	NUM
cblr-2946	249	13	(	(	PUNCT
cblr-2946	249	14	"	"	PUNCT
cblr-2946	249	15	over	over	ADP
cblr-2946	249	16	the	the	DET
cblr-2946	249	17	summer	summer	NOUN
cblr-2946	249	18	of	of	ADP
cblr-2946	249	19	2007	2007	NUM
cblr-2946	249	20	,	,	PUNCT
cblr-2946	249	21	unanticipated	unanticipated	ADJ
cblr-2946	249	22	delinquency	delinquency	NOUN
cblr-2946	249	23	and	and	CCONJ
cblr-2946	249	24	default	default	NOUN
cblr-2946	249	25	rates	rate	NOUN
cblr-2946	249	26	on	on	ADP
cblr-2946	249	27	subprime	subprime	ADJ
cblr-2946	249	28	residential	residential	ADJ
cblr-2946	249	29	mortgages	mortgage	NOUN
cblr-2946	249	30	caused	cause	VERB
cblr-2946	249	31	market	market	NOUN
cblr-2946	249	32	participants	participant	NOUN
cblr-2946	249	33	to	to	PART
cblr-2946	249	34	re	re	VERB
cblr-2946	249	35	-	-	VERB
cblr-2946	249	36	evaluate	evaluate	VERB
cblr-2946	249	37	the	the	DET
cblr-2946	249	38	credit	credit	NOUN
cblr-2946	249	39	risk	risk	NOUN
cblr-2946	249	40	inherent	inherent	ADJ
cblr-2946	249	41	in	in	ADP
cblr-2946	249	42	subprime	subprime	ADJ
cblr-2946	249	43	rmbs	rmb	NOUN
cblr-2946	249	44	and	and	CCONJ
cblr-2946	249	45	cdos	cdo	NOUN
cblr-2946	249	46	.	.	PUNCT
cblr-2946	249	47	"	"	PUNCT
cblr-2946	249	48	)	)	PUNCT
cblr-2946	249	49	.	.	PUNCT
cblr-2946	250	1	columbia	columbia	PROPN
cblr-2946	250	2	business	business	PROPN
cblr-2946	250	3	law	law	PROPN
cblr-2946	250	4	review	review	VERB
cblr-2946	250	5	criticism	criticism	NOUN
cblr-2946	250	6	of	of	ADP
cblr-2946	250	7	cras	cras	PROPN
cblr-2946	250	8	began	begin	VERB
cblr-2946	250	9	to	to	PART
cblr-2946	250	10	emerge	emerge	VERB
cblr-2946	250	11	.	.	PUNCT
cblr-2946	251	1	70	70	NUM
cblr-2946	251	2	generally	generally	ADV
cblr-2946	251	3	,	,	PUNCT
cblr-2946	251	4	commentators	commentator	NOUN
cblr-2946	251	5	accused	accuse	VERB
cblr-2946	251	6	the	the	DET
cblr-2946	251	7	agencies	agency	NOUN
cblr-2946	251	8	of	of	ADP
cblr-2946	251	9	failing	fail	VERB
cblr-2946	251	10	to	to	PART
cblr-2946	251	11	adequately	adequately	ADV
cblr-2946	251	12	estimate	estimate	VERB
cblr-2946	251	13	the	the	DET
cblr-2946	251	14	risk	risk	NOUN
cblr-2946	251	15	of	of	ADP
cblr-2946	251	16	securitized	securitized	ADJ
cblr-2946	251	17	products	product	NOUN
cblr-2946	251	18	containing	contain	VERB
cblr-2946	251	19	subprime	subprime	ADJ
cblr-2946	251	20	mortgages	mortgage	NOUN
cblr-2946	251	21	in	in	ADP
cblr-2946	251	22	their	their	PRON
cblr-2946	251	23	collateral	collateral	ADJ
cblr-2946	251	24	pools	pool	NOUN
cblr-2946	251	25	and	and	CCONJ
cblr-2946	251	26	asserted	assert	VERB
cblr-2946	251	27	that	that	SCONJ
cblr-2946	251	28	cras	cras	PROPN
cblr-2946	251	29	induced	induce	VERB
cblr-2946	251	30	investors	investor	NOUN
cblr-2946	251	31	to	to	PART
cblr-2946	251	32	purchase	purchase	VERB
cblr-2946	251	33	these	these	DET
cblr-2946	251	34	products	product	NOUN
cblr-2946	251	35	by	by	ADP
cblr-2946	251	36	giving	give	VERB
cblr-2946	251	37	them	they	PRON
cblr-2946	251	38	undeservedly	undeservedly	ADV
cblr-2946	251	39	high	high	ADJ
cblr-2946	251	40	ratings	rating	NOUN
cblr-2946	251	41	.	.	PUNCT
cblr-2946	252	1	71	71	NUM
cblr-2946	252	2	as	as	SCONJ
cblr-2946	252	3	investors	investor	NOUN
cblr-2946	252	4	realized	realize	VERB
cblr-2946	252	5	that	that	SCONJ
cblr-2946	252	6	the	the	DET
cblr-2946	252	7	securities	security	NOUN
cblr-2946	252	8	were	be	AUX
cblr-2946	252	9	riskier	risky	ADJ
cblr-2946	252	10	than	than	SCONJ
cblr-2946	252	11	their	their	PRON
cblr-2946	252	12	ratings	rating	NOUN
cblr-2946	252	13	indicated	indicate	VERB
cblr-2946	252	14	,	,	PUNCT
cblr-2946	252	15	they	they	PRON
cblr-2946	252	16	lost	lose	VERB
cblr-2946	252	17	confidence	confidence	NOUN
cblr-2946	252	18	in	in	ADP
cblr-2946	252	19	the	the	DET
cblr-2946	252	20	products	product	NOUN
cblr-2946	252	21	generally	generally	ADV
cblr-2946	252	22	,	,	PUNCT
cblr-2946	252	23	resulting	result	VERB
cblr-2946	252	24	in	in	ADP
cblr-2946	252	25	systemic	systemic	ADJ
cblr-2946	252	26	consequences.72	consequences.72	NOUN
cblr-2946	252	27	commentators	commentator	NOUN
cblr-2946	252	28	also	also	ADV
cblr-2946	252	29	suggested	suggest	VERB
cblr-2946	252	30	that	that	SCONJ
cblr-2946	252	31	cras	cras	PROPN
cblr-2946	252	32	permitted	permit	VERB
cblr-2946	252	33	their	their	PRON
cblr-2946	252	34	ratings	rating	NOUN
cblr-2946	252	35	to	to	PART
cblr-2946	252	36	become	become	AUX
cblr-2946	252	37	compromised	compromise	VERB
cblr-2946	252	38	by	by	ADP
cblr-2946	252	39	conflicts	conflict	NOUN
cblr-2946	252	40	of	of	ADP
cblr-2946	252	41	interest.7	interest.7	PROPN
cblr-2946	252	42	3	3	NUM
cblr-2946	252	43	"	"	PUNCT
cblr-2946	252	44	see	see	PROPN
cblr-2946	252	45	hunt	hunt	NOUN
cblr-2946	252	46	,	,	PUNCT
cblr-2946	252	47	supra	supra	PROPN
cblr-2946	252	48	note	note	NOUN
cblr-2946	252	49	3	3	NUM
cblr-2946	252	50	,	,	PUNCT
cblr-2946	252	51	at	at	ADP
cblr-2946	252	52	120	120	NUM
cblr-2946	252	53	-	-	SYM
cblr-2946	252	54	21	21	NUM
cblr-2946	252	55	(	(	PUNCT
cblr-2946	252	56	"	"	PUNCT
cblr-2946	252	57	the	the	DET
cblr-2946	252	58	crisis	crisis	NOUN
cblr-2946	252	59	likely	likely	ADV
cblr-2946	252	60	has	have	VERB
cblr-2946	252	61	a	a	DET
cblr-2946	252	62	diverse	diverse	ADJ
cblr-2946	252	63	set	set	NOUN
cblr-2946	252	64	of	of	ADP
cblr-2946	252	65	interrelated	interrelated	ADJ
cblr-2946	252	66	causes	cause	NOUN
cblr-2946	252	67	,	,	PUNCT
cblr-2946	252	68	but	but	CCONJ
cblr-2946	252	69	observers	observer	NOUN
cblr-2946	252	70	have	have	AUX
cblr-2946	252	71	criticized	criticize	VERB
cblr-2946	252	72	rating	rating	NOUN
cblr-2946	252	73	agencies	agency	NOUN
cblr-2946	252	74	sharply	sharply	ADV
cblr-2946	252	75	-	-	PUNCT
cblr-2946	252	76	sometimes	sometimes	ADV
cblr-2946	252	77	in	in	ADP
cblr-2946	252	78	quite	quite	ADV
cblr-2946	252	79	colorful	colorful	ADJ
cblr-2946	252	80	terms	term	NOUN
cblr-2946	252	81	.	.	PUNCT
cblr-2946	253	1	official	official	ADJ
cblr-2946	253	2	bodies	body	NOUN
cblr-2946	253	3	that	that	PRON
cblr-2946	253	4	have	have	AUX
cblr-2946	253	5	reported	report	VERB
cblr-2946	253	6	on	on	ADP
cblr-2946	253	7	the	the	DET
cblr-2946	253	8	crisis	crisis	NOUN
cblr-2946	253	9	,	,	PUNCT
cblr-2946	253	10	including	include	VERB
cblr-2946	253	11	the	the	DET
cblr-2946	253	12	president	president	NOUN
cblr-2946	253	13	's	's	PART
cblr-2946	253	14	working	working	NOUN
cblr-2946	253	15	group	group	NOUN
cblr-2946	253	16	on	on	ADP
cblr-2946	253	17	financial	financial	ADJ
cblr-2946	253	18	markets	market	NOUN
cblr-2946	253	19	,	,	PUNCT
cblr-2946	253	20	the	the	DET
cblr-2946	253	21	international	international	ADJ
cblr-2946	253	22	organization	organization	NOUN
cblr-2946	253	23	of	of	ADP
cblr-2946	253	24	securities	security	NOUN
cblr-2946	253	25	commissions	commission	NOUN
cblr-2946	253	26	,	,	PUNCT
cblr-2946	253	27	the	the	DET
cblr-2946	253	28	financial	financial	ADJ
cblr-2946	253	29	stability	stability	NOUN
cblr-2946	253	30	forum	forum	PROPN
cblr-2946	253	31	,	,	PUNCT
cblr-2946	253	32	and	and	CCONJ
cblr-2946	253	33	the	the	DET
cblr-2946	253	34	staff	staff	NOUN
cblr-2946	253	35	of	of	ADP
cblr-2946	253	36	the	the	DET
cblr-2946	253	37	securities	securities	PROPN
cblr-2946	253	38	and	and	CCONJ
cblr-2946	253	39	exchange	exchange	PROPN
cblr-2946	253	40	commission	commission	PROPN
cblr-2946	253	41	..	..	PUNCT
cblr-2946	253	42	.	.	PUNCT
cblr-2946	254	1	have	have	AUX
cblr-2946	254	2	been	be	AUX
cblr-2946	254	3	less	less	ADV
cblr-2946	254	4	colorful	colorful	ADJ
cblr-2946	254	5	but	but	CCONJ
cblr-2946	254	6	equally	equally	ADV
cblr-2946	254	7	critical	critical	ADJ
cblr-2946	254	8	.	.	PUNCT
cblr-2946	254	9	"	"	PUNCT
cblr-2946	255	1	(	(	PUNCT
cblr-2946	255	2	citations	citation	NOUN
cblr-2946	255	3	omitted	omit	VERB
cblr-2946	255	4	)	)	PUNCT
cblr-2946	255	5	)	)	PUNCT
cblr-2946	255	6	.	.	PUNCT
cblr-2946	256	1	71	71	NUM
cblr-2946	256	2	see	see	VERB
cblr-2946	256	3	iosco	iosco	NOUN
cblr-2946	256	4	report	report	NOUN
cblr-2946	256	5	,	,	PUNCT
cblr-2946	256	6	supra	supra	PROPN
cblr-2946	256	7	note	note	PROPN
cblr-2946	256	8	19	19	NUM
cblr-2946	256	9	,	,	PUNCT
cblr-2946	256	10	at	at	ADP
cblr-2946	256	11	2	2	NUM
cblr-2946	256	12	(	(	PUNCT
cblr-2946	256	13	"	"	PUNCT
cblr-2946	256	14	[	[	X
cblr-2946	256	15	clredit	clredit	NOUN
cblr-2946	256	16	ratings	rating	NOUN
cblr-2946	256	17	have	have	AUX
cblr-2946	256	18	had	have	VERB
cblr-2946	256	19	an	an	DET
cblr-2946	256	20	inordinate	inordinate	ADJ
cblr-2946	256	21	impact	impact	NOUN
cblr-2946	256	22	on	on	ADP
cblr-2946	256	23	the	the	DET
cblr-2946	256	24	valuation	valuation	NOUN
cblr-2946	256	25	and	and	CCONJ
cblr-2946	256	26	liquidity	liquidity	NOUN
cblr-2946	256	27	of	of	ADP
cblr-2946	256	28	subprime	subprime	ADJ
cblr-2946	256	29	rmbss	rmbss	NOUN
cblr-2946	256	30	and	and	CCONJ
cblr-2946	256	31	rmbs	rmb	NOUN
cblr-2946	256	32	-	-	PUNCT
cblr-2946	256	33	backed	back	VERB
cblr-2946	256	34	cdos	cdo	NOUN
cblr-2946	256	35	.	.	PUNCT
cblr-2946	256	36	"	"	PUNCT
cblr-2946	256	37	)	)	PUNCT
cblr-2946	256	38	;	;	PUNCT
cblr-2946	256	39	financial	financial	ADJ
cblr-2946	256	40	stability	stability	NOUN
cblr-2946	256	41	forum	forum	PROPN
cblr-2946	256	42	,	,	PUNCT
cblr-2946	256	43	report	report	NOUN
cblr-2946	256	44	of	of	ADP
cblr-2946	256	45	the	the	DET
cblr-2946	256	46	financial	financial	ADJ
cblr-2946	256	47	stability	stability	NOUN
cblr-2946	256	48	forum	forum	NOUN
cblr-2946	256	49	on	on	ADP
cblr-2946	256	50	enhancing	enhance	VERB
cblr-2946	256	51	market	market	NOUN
cblr-2946	256	52	and	and	CCONJ
cblr-2946	256	53	institutional	institutional	ADJ
cblr-2946	256	54	resilience	resilience	NOUN
cblr-2946	256	55	33	33	NUM
cblr-2946	256	56	(	(	PUNCT
cblr-2946	256	57	2008	2008	NUM
cblr-2946	256	58	)	)	PUNCT
cblr-2946	257	1	[	[	X
cblr-2946	257	2	hereinafter	hereinafter	NOUN
cblr-2946	257	3	fsf	fsf	PROPN
cblr-2946	257	4	report	report	PROPN
cblr-2946	257	5	]	]	PUNCT
cblr-2946	257	6	(	(	PUNCT
cblr-2946	257	7	noting	note	VERB
cblr-2946	257	8	the	the	DET
cblr-2946	257	9	"	"	PUNCT
cblr-2946	257	10	severe	severe	ADJ
cblr-2946	257	11	underestimation	underestimation	NOUN
cblr-2946	257	12	"	"	PUNCT
cblr-2946	257	13	by	by	ADP
cblr-2946	257	14	cras	cra	NOUN
cblr-2946	257	15	of	of	ADP
cblr-2946	257	16	the	the	DET
cblr-2946	257	17	credit	credit	NOUN
cblr-2946	257	18	risks	risk	NOUN
cblr-2946	257	19	of	of	ADP
cblr-2946	257	20	securities	security	NOUN
cblr-2946	257	21	backed	back	VERB
cblr-2946	257	22	by	by	ADP
cblr-2946	257	23	subprime	subprime	ADJ
cblr-2946	257	24	mortgages	mortgage	NOUN
cblr-2946	257	25	)	)	PUNCT
cblr-2946	257	26	.	.	PUNCT
cblr-2946	258	1	72	72	NUM
cblr-2946	258	2	fsf	fsf	PROPN
cblr-2946	258	3	report	report	NOUN
cblr-2946	258	4	,	,	PUNCT
cblr-2946	258	5	supra	supra	PROPN
cblr-2946	258	6	note	note	NOUN
cblr-2946	258	7	71	71	NUM
cblr-2946	258	8	,	,	PUNCT
cblr-2946	258	9	at	at	ADP
cblr-2946	258	10	32	32	NUM
cblr-2946	258	11	(	(	PUNCT
cblr-2946	258	12	"	"	PUNCT
cblr-2946	258	13	cras	cras	X
cblr-2946	258	14	assigned	assign	VERB
cblr-2946	258	15	high	high	ADJ
cblr-2946	258	16	ratings	rating	NOUN
cblr-2946	258	17	to	to	ADP
cblr-2946	258	18	complex	complex	ADJ
cblr-2946	258	19	structured	structured	ADJ
cblr-2946	258	20	subprime	subprime	ADJ
cblr-2946	258	21	debt	debt	NOUN
cblr-2946	258	22	based	base	VERB
cblr-2946	258	23	on	on	ADP
cblr-2946	258	24	inadequate	inadequate	ADJ
cblr-2946	258	25	historical	historical	ADJ
cblr-2946	258	26	data	datum	NOUN
cblr-2946	258	27	and	and	CCONJ
cblr-2946	258	28	in	in	ADP
cblr-2946	258	29	some	some	DET
cblr-2946	258	30	cases	case	NOUN
cblr-2946	258	31	flawed	flawed	ADJ
cblr-2946	258	32	models	model	NOUN
cblr-2946	258	33	.	.	PUNCT
cblr-2946	259	1	as	as	SCONJ
cblr-2946	259	2	investors	investor	NOUN
cblr-2946	259	3	realised	realise	VERB
cblr-2946	259	4	this	this	PRON
cblr-2946	259	5	,	,	PUNCT
cblr-2946	259	6	they	they	PRON
cblr-2946	259	7	lost	lose	VERB
cblr-2946	259	8	confidence	confidence	NOUN
cblr-2946	259	9	in	in	ADP
cblr-2946	259	10	ratings	rating	NOUN
cblr-2946	259	11	and	and	CCONJ
cblr-2946	259	12	securitised	securitise	VERB
cblr-2946	259	13	products	product	NOUN
cblr-2946	259	14	more	more	ADV
cblr-2946	259	15	generally	generally	ADV
cblr-2946	259	16	.	.	PUNCT
cblr-2946	260	1	"	"	PUNCT
cblr-2946	260	2	)	)	PUNCT
cblr-2946	260	3	;	;	PUNCT
cblr-2946	260	4	iosco	iosco	NOUN
cblr-2946	260	5	report	report	NOUN
cblr-2946	260	6	,	,	PUNCT
cblr-2946	260	7	supra	supra	PROPN
cblr-2946	260	8	note	note	PROPN
cblr-2946	260	9	19	19	NUM
cblr-2946	260	10	,	,	PUNCT
cblr-2946	260	11	at	at	ADP
cblr-2946	260	12	2	2	NUM
cblr-2946	260	13	(	(	PUNCT
cblr-2946	260	14	"	"	PUNCT
cblr-2946	260	15	[	[	AUX
cblr-2946	260	16	als	al	VERB
cblr-2946	260	17	the	the	DET
cblr-2946	260	18	number	number	NOUN
cblr-2946	260	19	of	of	ADP
cblr-2946	260	20	delinquencies	delinquency	NOUN
cblr-2946	260	21	on	on	ADP
cblr-2946	260	22	subprime	subprime	ADJ
cblr-2946	260	23	mortgages	mortgage	NOUN
cblr-2946	260	24	in	in	ADP
cblr-2946	260	25	the	the	DET
cblr-2946	260	26	united	united	PROPN
cblr-2946	260	27	states	states	PROPN
cblr-2946	260	28	suddenly	suddenly	ADV
cblr-2946	260	29	increased	increase	VERB
cblr-2946	260	30	,	,	PUNCT
cblr-2946	260	31	some	some	DET
cblr-2946	260	32	investors	investor	NOUN
cblr-2946	260	33	began	begin	VERB
cblr-2946	260	34	to	to	PART
cblr-2946	260	35	question	question	VERB
cblr-2946	260	36	the	the	DET
cblr-2946	260	37	accuracy	accuracy	NOUN
cblr-2946	260	38	of	of	ADP
cblr-2946	260	39	many	many	ADJ
cblr-2946	260	40	cdo	cdo	NOUN
cblr-2946	260	41	and	and	CCONJ
cblr-2946	260	42	rmbs	rmb	NOUN
cblr-2946	260	43	ratings	rating	NOUN
cblr-2946	260	44	,	,	PUNCT
cblr-2946	260	45	fueling	fuel	VERB
cblr-2946	260	46	a	a	DET
cblr-2946	260	47	growing	grow	VERB
cblr-2946	260	48	reluctance	reluctance	NOUN
cblr-2946	260	49	to	to	PART
cblr-2946	260	50	invest	invest	VERB
cblr-2946	260	51	in	in	ADP
cblr-2946	260	52	these	these	DET
cblr-2946	260	53	products	product	NOUN
cblr-2946	260	54	by	by	ADP
cblr-2946	260	55	increasingly	increasingly	ADV
cblr-2946	260	56	risk	risk	NOUN
cblr-2946	260	57	-	-	PUNCT
cblr-2946	260	58	averse	averse	ADJ
cblr-2946	260	59	investors	investor	NOUN
cblr-2946	260	60	....	....	PUNCT
cblr-2946	261	1	[	[	X
cblr-2946	261	2	t]hese	t]hese	ADJ
cblr-2946	261	3	questions	question	NOUN
cblr-2946	261	4	about	about	ADP
cblr-2946	261	5	the	the	DET
cblr-2946	261	6	quality	quality	NOUN
cblr-2946	261	7	of	of	ADP
cblr-2946	261	8	cra	cra	PROPN
cblr-2946	261	9	ratings	rating	NOUN
cblr-2946	261	10	and	and	CCONJ
cblr-2946	261	11	the	the	DET
cblr-2946	261	12	integrity	integrity	NOUN
cblr-2946	261	13	of	of	ADP
cblr-2946	261	14	the	the	DET
cblr-2946	261	15	rating	rating	NOUN
cblr-2946	261	16	process	process	NOUN
cblr-2946	261	17	arguably	arguably	ADV
cblr-2946	261	18	added	add	VERB
cblr-2946	261	19	to	to	ADP
cblr-2946	261	20	the	the	DET
cblr-2946	261	21	liquidity	liquidity	NOUN
cblr-2946	261	22	crisis	crisis	NOUN
cblr-2946	261	23	that	that	PRON
cblr-2946	261	24	occurred	occur	VERB
cblr-2946	261	25	on	on	ADP
cblr-2946	261	26	many	many	ADJ
cblr-2946	261	27	markets	market	NOUN
cblr-2946	261	28	beginning	begin	VERB
cblr-2946	261	29	in	in	ADP
cblr-2946	261	30	august	august	PROPN
cblr-2946	261	31	2007	2007	NUM
cblr-2946	261	32	.	.	PUNCT
cblr-2946	261	33	"	"	PUNCT
cblr-2946	261	34	)	)	PUNCT
cblr-2946	261	35	.	.	PUNCT
cblr-2946	262	1	a	a	DET
cblr-2946	262	2	full	full	ADJ
cblr-2946	262	3	examination	examination	NOUN
cblr-2946	262	4	of	of	ADP
cblr-2946	262	5	the	the	DET
cblr-2946	262	6	systemic	systemic	ADJ
cblr-2946	262	7	consequences	consequence	NOUN
cblr-2946	262	8	is	be	AUX
cblr-2946	262	9	beyond	beyond	ADP
cblr-2946	262	10	the	the	DET
cblr-2946	262	11	scope	scope	NOUN
cblr-2946	262	12	of	of	ADP
cblr-2946	262	13	this	this	DET
cblr-2946	262	14	note	note	NOUN
cblr-2946	262	15	.	.	PUNCT
cblr-2946	262	16	"	"	PUNCT
cblr-2946	263	1	see	see	VERB
cblr-2946	263	2	,	,	PUNCT
cblr-2946	263	3	e.g.	e.g.	ADV
cblr-2946	263	4	,	,	PUNCT
cblr-2946	263	5	coffee	coffee	NOUN
cblr-2946	263	6	,	,	PUNCT
cblr-2946	263	7	mortgage	mortgage	NOUN
cblr-2946	263	8	meltdown	meltdown	NOUN
cblr-2946	263	9	,	,	PUNCT
cblr-2946	263	10	supra	supra	PROPN
cblr-2946	263	11	note	note	NOUN
cblr-2946	263	12	9	9	NUM
cblr-2946	263	13	(	(	PUNCT
cblr-2946	263	14	"	"	PUNCT
cblr-2946	263	15	today	today	NOUN
cblr-2946	263	16	,	,	PUNCT
cblr-2946	263	17	as	as	SCONJ
cblr-2946	263	18	the	the	DET
cblr-2946	263	19	repercussions	repercussion	NOUN
cblr-2946	263	20	of	of	ADP
cblr-2946	263	21	the	the	DET
cblr-2946	263	22	mortgage	mortgage	NOUN
cblr-2946	263	23	meltdown	meltdown	NOUN
cblr-2946	263	24	continue	continue	VERB
cblr-2946	263	25	to	to	PART
cblr-2946	263	26	be	be	AUX
cblr-2946	263	27	felt	feel	VERB
cblr-2946	263	28	on	on	ADP
cblr-2946	263	29	a	a	DET
cblr-2946	263	30	worldwide	worldwide	ADJ
cblr-2946	263	31	basis	basis	NOUN
cblr-2946	263	32	,	,	PUNCT
cblr-2946	263	33	attention	attention	NOUN
cblr-2946	263	34	is	be	AUX
cblr-2946	263	35	shifting	shift	VERB
cblr-2946	263	36	to	to	ADP
cblr-2946	263	37	the	the	DET
cblr-2946	263	38	credit	credit	NOUN
cblr-2946	263	39	rating	rating	NOUN
cblr-2946	263	40	agencies	agency	NOUN
cblr-2946	263	41	.	.	PUNCT
cblr-2946	264	1	the	the	DET
cblr-2946	264	2	finger	finger	NOUN
cblr-2946	264	3	pointing	pointing	NOUN
cblr-2946	264	4	has	have	AUX
cblr-2946	264	5	only	only	ADV
cblr-2946	264	6	just	just	ADV
cblr-2946	264	7	begun	begin	VERB
cblr-2946	264	8	,	,	PUNCT
cblr-2946	264	9	and	and	CCONJ
cblr-2946	264	10	predictably	predictably	ADV
cblr-2946	264	11	the	the	DET
cblr-2946	264	12	sec	sec	PROPN
cblr-2946	264	13	will	will	AUX
cblr-2946	264	14	study	study	VERB
cblr-2946	264	15	the	the	DET
cblr-2946	264	16	[	[	X
cblr-2946	264	17	vol	vol	NOUN
cblr-2946	264	18	.	.	PUNCT
cblr-2946	264	19	2009	2009	NUM
cblr-2946	264	20	no	no	NOUN
cblr-2946	264	21	.	.	PUNCT
cblr-2946	265	1	2:605	2:605	NUM
cblr-2946	265	2	]	]	X
cblr-2946	265	3	credit	credit	NOUN
cblr-2946	265	4	rating	rating	NOUN
cblr-2946	265	5	agencies	agency	NOUN
cblr-2946	265	6	and	and	CCONJ
cblr-2946	265	7	the	the	DET
cblr-2946	265	8	credit	credit	NOUN
cblr-2946	265	9	crisis	crisis	NOUN
cblr-2946	265	10	621	621	NUM
cblr-2946	265	11	indeed	indeed	ADV
cblr-2946	265	12	,	,	PUNCT
cblr-2946	265	13	cras	cras	PROPN
cblr-2946	265	14	began	begin	VERB
cblr-2946	265	15	downgrading	downgrade	VERB
cblr-2946	265	16	rmbs	rmb	NOUN
cblr-2946	265	17	and	and	CCONJ
cblr-2946	265	18	cdos	cdo	NOUN
cblr-2946	265	19	at	at	ADP
cblr-2946	265	20	high	high	ADJ
cblr-2946	265	21	rates	rate	NOUN
cblr-2946	265	22	.	.	PUNCT
cblr-2946	266	1	by	by	ADP
cblr-2946	266	2	september	september	PROPN
cblr-2946	266	3	2007	2007	NUM
cblr-2946	266	4	,	,	PUNCT
cblr-2946	266	5	moody	moody	PROPN
cblr-2946	266	6	's	's	PART
cblr-2946	266	7	downgraded	downgrade	VERB
cblr-2946	266	8	approximately	approximately	ADV
cblr-2946	266	9	5	5	NUM
cblr-2946	266	10	%	%	NOUN
cblr-2946	266	11	of	of	ADP
cblr-2946	266	12	subprime	subprime	NOUN
cblr-2946	266	13	rmbs	rmb	NOUN
cblr-2946	266	14	it	it	PRON
cblr-2946	266	15	rated	rate	VERB
cblr-2946	266	16	in	in	ADP
cblr-2946	266	17	2006	2006	NUM
cblr-2946	266	18	.	.	PUNCT
cblr-2946	267	1	this	this	PRON
cblr-2946	267	2	contrasts	contrast	VERB
cblr-2946	267	3	starkly	starkly	ADV
cblr-2946	267	4	with	with	ADP
cblr-2946	267	5	moody	moody	PROPN
cblr-2946	267	6	's	's	PART
cblr-2946	267	7	historical	historical	ADJ
cblr-2946	267	8	downgrade	downgrade	NOUN
cblr-2946	267	9	rates	rate	NOUN
cblr-2946	267	10	:	:	PUNCT
cblr-2946	267	11	from	from	ADP
cblr-2946	267	12	2002	2002	NUM
cblr-2946	267	13	-	-	SYM
cblr-2946	267	14	2006	2006	NUM
cblr-2946	267	15	,	,	PUNCT
cblr-2946	267	16	moody	moody	PROPN
cblr-2946	267	17	's	's	PART
cblr-2946	267	18	downgraded	downgrade	VERB
cblr-2946	267	19	only	only	ADV
cblr-2946	267	20	2.1	2.1	NUM
cblr-2946	267	21	%	%	NOUN
cblr-2946	267	22	by	by	ADP
cblr-2946	267	23	dollar	dollar	NOUN
cblr-2946	267	24	volume	volume	NOUN
cblr-2946	267	25	of	of	ADP
cblr-2946	267	26	subprime	subprime	ADJ
cblr-2946	267	27	rmbs	rmb	NOUN
cblr-2946	267	28	and	and	CCONJ
cblr-2946	267	29	1	1	NUM
cblr-2946	267	30	%	%	NOUN
cblr-2946	267	31	by	by	ADP
cblr-2946	267	32	dollar	dollar	NOUN
cblr-2946	267	33	volume	volume	NOUN
cblr-2946	267	34	of	of	ADP
cblr-2946	267	35	all	all	DET
cblr-2946	267	36	rmbs.74	rmbs.74	NOUN
cblr-2946	267	37	from	from	ADP
cblr-2946	267	38	another	another	DET
cblr-2946	267	39	perspective	perspective	NOUN
cblr-2946	267	40	,	,	PUNCT
cblr-2946	267	41	morgan	morgan	PROPN
cblr-2946	267	42	stanley	stanley	PROPN
cblr-2946	267	43	found	find	VERB
cblr-2946	267	44	that	that	SCONJ
cblr-2946	267	45	of	of	ADP
cblr-2946	267	46	the	the	DET
cblr-2946	267	47	6431	6431	NUM
cblr-2946	267	48	subprime	subprime	NOUN
cblr-2946	267	49	rmbs	rmb	NOUN
cblr-2946	267	50	pools	pool	NOUN
cblr-2946	267	51	rated	rate	VERB
cblr-2946	267	52	by	by	ADP
cblr-2946	267	53	moody	moody	PROPN
cblr-2946	267	54	's	's	PART
cblr-2946	267	55	in	in	ADP
cblr-2946	267	56	2006	2006	NUM
cblr-2946	267	57	,	,	PUNCT
cblr-2946	267	58	moody	moody	PROPN
cblr-2946	267	59	's	's	PART
cblr-2946	267	60	had	have	AUX
cblr-2946	267	61	downgraded	downgrade	VERB
cblr-2946	267	62	50.1	50.1	NUM
cblr-2946	267	63	%	%	NOUN
cblr-2946	267	64	of	of	ADP
cblr-2946	267	65	them	they	PRON
cblr-2946	267	66	by	by	ADP
cblr-2946	267	67	december	december	PROPN
cblr-2946	267	68	2007	2007	NUM
cblr-2946	267	69	,	,	PUNCT
cblr-2946	267	70	despite	despite	SCONJ
cblr-2946	267	71	historical	historical	ADJ
cblr-2946	267	72	downgrade	downgrade	NOUN
cblr-2946	267	73	risk	risk	NOUN
cblr-2946	267	74	on	on	ADP
cblr-2946	267	75	rmbs	rmb	NOUN
cblr-2946	267	76	of	of	ADP
cblr-2946	267	77	0.3	0.3	NUM
cblr-2946	267	78	%	%	NOUN
cblr-2946	267	79	.	.	PUNCT
cblr-2946	268	1	similarly	similarly	ADV
cblr-2946	268	2	,	,	PUNCT
cblr-2946	268	3	s&p	s&p	PROPN
cblr-2946	268	4	reported	report	VERB
cblr-2946	268	5	that	that	SCONJ
cblr-2946	268	6	its	its	PRON
cblr-2946	268	7	global	global	ADJ
cblr-2946	268	8	structured	structured	ADJ
cblr-2946	268	9	securities	security	NOUN
cblr-2946	268	10	one	one	NUM
cblr-2946	268	11	-	-	PUNCT
cblr-2946	268	12	year	year	NOUN
cblr-2946	268	13	downgrade	downgrade	NOUN
cblr-2946	268	14	rate	rate	NOUN
cblr-2946	268	15	rose	rise	VERB
cblr-2946	268	16	to	to	ADP
cblr-2946	268	17	10.81	10.81	NUM
cblr-2946	268	18	%	%	NOUN
cblr-2946	268	19	in	in	ADP
cblr-2946	268	20	2007	2007	NUM
cblr-2946	268	21	from	from	ADP
cblr-2946	268	22	1.97	1.97	NUM
cblr-2946	268	23	%	%	NOUN
cblr-2946	268	24	in	in	ADP
cblr-2946	268	25	2006	2006	NUM
cblr-2946	268	26	based	base	VERB
cblr-2946	268	27	on	on	ADP
cblr-2946	268	28	the	the	DET
cblr-2946	268	29	number	number	NOUN
cblr-2946	268	30	of	of	ADP
cblr-2946	268	31	ratings	rating	NOUN
cblr-2946	268	32	outstanding	outstanding	ADJ
cblr-2946	268	33	in	in	ADP
cblr-2946	268	34	2007.76	2007.76	NUM
cblr-2946	268	35	s&p	s&p	PROPN
cblr-2946	268	36	downgraded	downgrade	VERB
cblr-2946	268	37	18.85	18.85	NUM
cblr-2946	268	38	%	%	NOUN
cblr-2946	268	39	of	of	ADP
cblr-2946	268	40	subprime	subprime	NOUN
cblr-2946	268	41	rmbs	rmb	NOUN
cblr-2946	268	42	in	in	ADP
cblr-2946	268	43	2007	2007	NUM
cblr-2946	268	44	,	,	PUNCT
cblr-2946	268	45	resulting	result	VERB
cblr-2946	268	46	in	in	ADP
cblr-2946	268	47	an	an	DET
cblr-2946	268	48	average	average	ADJ
cblr-2946	268	49	rating	rating	NOUN
cblr-2946	268	50	of	of	ADP
cblr-2946	268	51	a.77	a.77	NOUN
cblr-2946	268	52	in	in	ADP
cblr-2946	268	53	addition	addition	NOUN
cblr-2946	268	54	to	to	ADP
cblr-2946	268	55	the	the	DET
cblr-2946	268	56	rate	rate	NOUN
cblr-2946	268	57	of	of	ADP
cblr-2946	268	58	downgrades	downgrade	NOUN
cblr-2946	268	59	,	,	PUNCT
cblr-2946	268	60	comparing	compare	VERB
cblr-2946	268	61	the	the	DET
cblr-2946	268	62	rates	rate	NOUN
cblr-2946	268	63	of	of	ADP
cblr-2946	268	64	structured	structured	ADJ
cblr-2946	268	65	product	product	NOUN
cblr-2946	268	66	defaults	default	NOUN
cblr-2946	268	67	to	to	ADP
cblr-2946	268	68	the	the	DET
cblr-2946	268	69	rate	rate	NOUN
cblr-2946	268	70	of	of	ADP
cblr-2946	268	71	corporate	corporate	ADJ
cblr-2946	268	72	bond	bond	NOUN
cblr-2946	268	73	defaults	default	NOUN
cblr-2946	268	74	is	be	AUX
cblr-2946	268	75	also	also	ADV
cblr-2946	268	76	illuminating	illuminate	VERB
cblr-2946	268	77	.	.	PUNCT
cblr-2946	269	1	bloomberg	bloomberg	PROPN
cblr-2946	269	2	markets	market	NOUN
cblr-2946	269	3	reported	report	VERB
cblr-2946	269	4	in	in	ADP
cblr-2946	269	5	july	july	PROPN
cblr-2946	269	6	2007	2007	NUM
cblr-2946	269	7	that	that	SCONJ
cblr-2946	269	8	,	,	PUNCT
cblr-2946	269	9	according	accord	VERB
cblr-2946	269	10	to	to	ADP
cblr-2946	269	11	moody	moody	PROPN
cblr-2946	269	12	's	's	PART
cblr-2946	269	13	,	,	PUNCT
cblr-2946	269	14	corporate	corporate	ADJ
cblr-2946	269	15	bonds	bond	NOUN
cblr-2946	269	16	with	with	ADP
cblr-2946	269	17	moody	moody	PROPN
cblr-2946	269	18	's	's	PART
cblr-2946	269	19	lowest	low	ADJ
cblr-2946	269	20	investment	investment	NOUN
cblr-2946	269	21	grade	grade	NOUN
cblr-2946	269	22	rating	rating	NOUN
cblr-2946	269	23	baa	baa	NOUN
cblr-2946	269	24	had	have	VERB
cblr-2946	269	25	an	an	DET
cblr-2946	269	26	average	average	ADJ
cblr-2946	269	27	default	default	NOUN
cblr-2946	269	28	rate	rate	NOUN
cblr-2946	269	29	of	of	ADP
cblr-2946	269	30	2.2	2.2	NUM
cblr-2946	269	31	%	%	NOUN
cblr-2946	269	32	over	over	ADP
cblr-2946	269	33	five	five	NUM
cblr-2946	269	34	year	year	NOUN
cblr-2946	269	35	increments	increment	NOUN
cblr-2946	269	36	spanning	span	VERB
cblr-2946	269	37	1983	1983	NUM
cblr-2946	269	38	-	-	SYM
cblr-2946	269	39	2005	2005	NUM
cblr-2946	269	40	,	,	PUNCT
cblr-2946	269	41	problem	problem	NOUN
cblr-2946	269	42	and	and	CCONJ
cblr-2946	269	43	report	report	VERB
cblr-2946	269	44	that	that	SCONJ
cblr-2946	269	45	conflicts	conflict	NOUN
cblr-2946	269	46	of	of	ADP
cblr-2946	269	47	interest	interest	NOUN
cblr-2946	269	48	were	be	AUX
cblr-2946	269	49	a	a	DET
cblr-2946	269	50	major	major	ADJ
cblr-2946	269	51	factor	factor	NOUN
cblr-2946	269	52	.	.	PUNCT
cblr-2946	270	1	quelle	quelle	PROPN
cblr-2946	270	2	surprise	surprise	NOUN
cblr-2946	270	3	!	!	PUNCT
cblr-2946	270	4	"	"	PUNCT
cblr-2946	270	5	)	)	PUNCT
cblr-2946	270	6	.	.	PUNCT
cblr-2946	271	1	for	for	ADP
cblr-2946	271	2	an	an	DET
cblr-2946	271	3	extensive	extensive	ADJ
cblr-2946	271	4	discussion	discussion	NOUN
cblr-2946	271	5	of	of	ADP
cblr-2946	271	6	this	this	DET
cblr-2946	271	7	issue	issue	NOUN
cblr-2946	271	8	,	,	PUNCT
cblr-2946	271	9	see	see	VERB
cblr-2946	271	10	infra	infra	NOUN
cblr-2946	271	11	part	part	NOUN
cblr-2946	271	12	iii.c	iii.c	NOUN
cblr-2946	271	13	.	.	PUNCT
cblr-2946	271	14	"	"	PUNCT
cblr-2946	272	1	the	the	DET
cblr-2946	272	2	role	role	NOUN
cblr-2946	272	3	and	and	CCONJ
cblr-2946	272	4	impact	impact	NOUN
cblr-2946	272	5	of	of	ADP
cblr-2946	272	6	credit	credit	NOUN
cblr-2946	272	7	rating	rating	NOUN
cblr-2946	272	8	agencies	agency	NOUN
cblr-2946	272	9	on	on	ADP
cblr-2946	272	10	subprime	subprime	ADJ
cblr-2946	272	11	credit	credit	NOUN
cblr-2946	272	12	markets	market	NOUN
cblr-2946	272	13	:	:	PUNCT
cblr-2946	272	14	hearing	hear	VERB
cblr-2946	272	15	before	before	ADP
cblr-2946	272	16	the	the	DET
cblr-2946	272	17	s.	s.	PROPN
cblr-2946	272	18	comm	comm	NOUN
cblr-2946	272	19	.	.	PUNCT
cblr-2946	273	1	on	on	ADP
cblr-2946	273	2	banking	banking	NOUN
cblr-2946	273	3	,	,	PUNCT
cblr-2946	273	4	housing	housing	NOUN
cblr-2946	273	5	,	,	PUNCT
cblr-2946	273	6	and	and	CCONJ
cblr-2946	273	7	urban	urban	PROPN
cblr-2946	273	8	affairs	affair	NOUN
cblr-2946	273	9	,	,	PUNCT
cblr-2946	273	10	110th	110th	ADJ
cblr-2946	273	11	cong	cong	NOUN
cblr-2946	273	12	.	.	PUNCT
cblr-2946	274	1	(	(	PUNCT
cblr-2946	274	2	sept	sept	PROPN
cblr-2946	274	3	.	.	PROPN
cblr-2946	274	4	26	26	NUM
cblr-2946	274	5	,	,	PUNCT
cblr-2946	274	6	2007	2007	NUM
cblr-2946	274	7	)	)	PUNCT
cblr-2946	274	8	(	(	PUNCT
cblr-2946	274	9	statement	statement	NOUN
cblr-2946	274	10	of	of	ADP
cblr-2946	274	11	michael	michael	PROPN
cblr-2946	274	12	kanef	kanef	PROPN
cblr-2946	274	13	,	,	PUNCT
cblr-2946	274	14	group	group	NOUN
cblr-2946	274	15	managing	manage	VERB
cblr-2946	274	16	director	director	NOUN
cblr-2946	274	17	,	,	PUNCT
cblr-2946	274	18	moody	moody	PROPN
cblr-2946	274	19	's	's	PART
cblr-2946	274	20	investors	investor	NOUN
cblr-2946	274	21	service	service	PROPN
cblr-2946	274	22	)	)	PUNCT
cblr-2946	274	23	;	;	PUNCT
cblr-2946	274	24	bethel	bethel	PROPN
cblr-2946	274	25	et	et	PROPN
cblr-2946	274	26	al	al	PROPN
cblr-2946	274	27	.	.	PROPN
cblr-2946	274	28	,	,	PUNCT
cblr-2946	274	29	supra	supra	PROPN
cblr-2946	274	30	note	note	NOUN
cblr-2946	274	31	2	2	NUM
cblr-2946	274	32	,	,	PUNCT
cblr-2946	274	33	at	at	ADP
cblr-2946	274	34	20	20	NUM
cblr-2946	274	35	.	.	PUNCT
cblr-2946	275	1	"	"	PUNCT
cblr-2946	275	2	coffee	coffee	NOUN
cblr-2946	275	3	,	,	PUNCT
cblr-2946	275	4	supra	supra	PROPN
cblr-2946	275	5	note	note	NOUN
cblr-2946	275	6	57	57	NUM
cblr-2946	275	7	(	(	PUNCT
cblr-2946	275	8	citing	cite	VERB
cblr-2946	275	9	morgan	morgan	PROPN
cblr-2946	275	10	stanley	stanley	PROPN
cblr-2946	275	11	fixed	fix	VERB
cblr-2946	275	12	income	income	PROPN
cblr-2946	275	13	research	research	NOUN
cblr-2946	275	14	,	,	PUNCT
cblr-2946	275	15	standing	stand	VERB
cblr-2946	275	16	on	on	ADP
cblr-2946	275	17	the	the	DET
cblr-2946	275	18	razor	razor	NOUN
cblr-2946	275	19	's	's	PART
cblr-2946	275	20	edge	edge	NOUN
cblr-2946	275	21	(	(	PUNCT
cblr-2946	275	22	nov	nov	PROPN
cblr-2946	275	23	.	.	PROPN
cblr-2946	275	24	2007	2007	NUM
cblr-2946	275	25	)	)	PUNCT
cblr-2946	275	26	)	)	PUNCT
cblr-2946	275	27	.	.	PUNCT
cblr-2946	276	1	morgan	morgan	PROPN
cblr-2946	276	2	stanley	stanley	PROPN
cblr-2946	276	3	also	also	ADV
cblr-2946	276	4	found	find	VERB
cblr-2946	276	5	that	that	SCONJ
cblr-2946	276	6	97	97	NUM
cblr-2946	276	7	%	%	NOUN
cblr-2946	276	8	of	of	ADP
cblr-2946	276	9	the	the	DET
cblr-2946	276	10	rmbs	rmbs	PROPN
cblr-2946	276	11	issuances	issuance	NOUN
cblr-2946	276	12	rated	rate	VERB
cblr-2946	276	13	a	a	PRON
cblr-2946	276	14	or	or	CCONJ
cblr-2946	276	15	below	below	ADV
cblr-2946	276	16	by	by	ADP
cblr-2946	276	17	moody	moody	PROPN
cblr-2946	276	18	's	's	PART
cblr-2946	276	19	in	in	ADP
cblr-2946	276	20	2006	2006	NUM
cblr-2946	276	21	had	have	AUX
cblr-2946	276	22	been	be	AUX
cblr-2946	276	23	downgraded	downgrade	VERB
cblr-2946	276	24	.	.	PUNCT
cblr-2946	277	1	i	i	PRON
cblr-2946	277	2	d.	d.	PROPN
cblr-2946	277	3	76	76	NUM
cblr-2946	277	4	standard	standard	PROPN
cblr-2946	277	5	&	&	CCONJ
cblr-2946	277	6	poor	poor	PROPN
cblr-2946	277	7	's	's	PART
cblr-2946	277	8	,	,	PUNCT
cblr-2946	277	9	transition	transition	NOUN
cblr-2946	277	10	study	study	NOUN
cblr-2946	277	11	:	:	PUNCT
cblr-2946	277	12	in	in	ADP
cblr-2946	277	13	2007	2007	NUM
cblr-2946	277	14	,	,	PUNCT
cblr-2946	277	15	u.s	u.s	PROPN
cblr-2946	277	16	.	.	PROPN
cblr-2946	277	17	housing	housing	NOUN
cblr-2946	277	18	market	market	NOUN
cblr-2946	277	19	weakness	weakness	NOUN
cblr-2946	277	20	prompted	prompt	VERB
cblr-2946	277	21	rating	rating	NOUN
cblr-2946	277	22	volatility	volatility	NOUN
cblr-2946	277	23	in	in	ADP
cblr-2946	277	24	global	global	ADJ
cblr-2946	277	25	structured	structured	ADJ
cblr-2946	277	26	securities	security	NOUN
cblr-2946	277	27	4	4	NUM
cblr-2946	277	28	(	(	PUNCT
cblr-2946	277	29	feb	feb	PROPN
cblr-2946	277	30	.	.	PROPN
cblr-2946	277	31	2008	2008	NUM
cblr-2946	277	32	)	)	PUNCT
cblr-2946	277	33	,	,	PUNCT
cblr-2946	277	34	available	available	ADJ
cblr-2946	277	35	at	at	ADP
cblr-2946	277	36	http://www2.standardandpoors.com/	http://www2.standardandpoors.com/	PROPN
cblr-2946	277	37	spf	spf	PROPN
cblr-2946	277	38	/	/	SYM
cblr-2946	277	39	pdf	pdf	NOUN
cblr-2946	277	40	/	/	SYM
cblr-2946	277	41	media	media	NOUN
cblr-2946	277	42	/	/	SYM
cblr-2946	277	43	subprime	subprime	NOUN
cblr-2946	277	44	housing-market_020108.pdf	housing-market_020108.pdf	PROPN
cblr-2946	278	1	[	[	X
cblr-2946	278	2	hereinafter	hereinafter	NOUN
cblr-2946	278	3	s&p	s&p	PROPN
cblr-2946	278	4	transition	transition	NOUN
cblr-2946	278	5	study	study	NOUN
cblr-2946	278	6	]	]	PUNCT
cblr-2946	278	7	.	.	PUNCT
cblr-2946	279	1	77	77	NUM
cblr-2946	280	1	i	i	PRON
cblr-2946	280	2	d.	d.	PROPN
cblr-2946	280	3	at	at	ADP
cblr-2946	280	4	16	16	NUM
cblr-2946	280	5	.	.	PUNCT
cblr-2946	281	1	while	while	SCONJ
cblr-2946	281	2	cdos	cdo	NOUN
cblr-2946	281	3	with	with	ADP
cblr-2946	281	4	the	the	DET
cblr-2946	281	5	same	same	ADJ
cblr-2946	281	6	ratings	rating	NOUN
cblr-2946	281	7	had	have	VERB
cblr-2946	281	8	an	an	DET
cblr-2946	281	9	average	average	ADJ
cblr-2946	281	10	default	default	NOUN
cblr-2946	281	11	rate	rate	NOUN
cblr-2946	281	12	of	of	ADP
cblr-2946	281	13	24	24	NUM
cblr-2946	281	14	%	%	NOUN
cblr-2946	281	15	over	over	ADP
cblr-2946	281	16	five	five	NUM
cblr-2946	281	17	-	-	PUNCT
cblr-2946	281	18	year	year	NOUN
cblr-2946	281	19	periods	period	NOUN
cblr-2946	281	20	spanning	span	VERB
cblr-2946	281	21	1993	1993	NUM
cblr-2946	281	22	-	-	SYM
cblr-2946	281	23	2005.78	2005.78	NUM
cblr-2946	281	24	iii	iii	NOUN
cblr-2946	281	25	.	.	PUNCT
cblr-2946	282	1	the	the	DET
cblr-2946	282	2	"	"	PUNCT
cblr-2946	282	3	issuer	issuer	NOUN
cblr-2946	282	4	pays	pay	VERB
cblr-2946	282	5	"	"	PUNCT
cblr-2946	282	6	conflict7	conflict7	PROPN
cblr-2946	282	7	9	9	NUM
cblr-2946	282	8	the	the	DET
cblr-2946	282	9	business	business	NOUN
cblr-2946	282	10	model	model	NOUN
cblr-2946	282	11	of	of	ADP
cblr-2946	282	12	the	the	DET
cblr-2946	282	13	big	big	ADJ
cblr-2946	282	14	three	three	NUM
cblr-2946	282	15	cras	cra	NOUN
cblr-2946	282	16	-	-	PROPN
cblr-2946	282	17	moody	moody	NOUN
cblr-2946	282	18	's	's	PART
cblr-2946	282	19	,	,	PUNCT
cblr-2946	282	20	s&p	s&p	PROPN
cblr-2946	282	21	,	,	PUNCT
cblr-2946	282	22	and	and	CCONJ
cblr-2946	282	23	fitch	fitch	NOUN
cblr-2946	282	24	-	-	PUNCT
cblr-2946	282	25	presents	present	VERB
cblr-2946	282	26	each	each	PRON
cblr-2946	282	27	with	with	ADP
cblr-2946	282	28	an	an	DET
cblr-2946	282	29	inherent	inherent	ADJ
cblr-2946	282	30	conflict	conflict	NOUN
cblr-2946	282	31	of	of	ADP
cblr-2946	282	32	interest	interest	NOUN
cblr-2946	282	33	:	:	PUNCT
cblr-2946	282	34	these	these	DET
cblr-2946	282	35	agencies	agency	NOUN
cblr-2946	282	36	are	be	AUX
cblr-2946	282	37	paid	pay	VERB
cblr-2946	282	38	by	by	ADP
cblr-2946	282	39	the	the	DET
cblr-2946	282	40	issuers	issuer	NOUN
cblr-2946	282	41	subject	subject	ADJ
cblr-2946	282	42	to	to	ADP
cblr-2946	282	43	their	their	PRON
cblr-2946	282	44	ratings.80	ratings.80	ADJ
cblr-2946	282	45	today	today	NOUN
cblr-2946	282	46	,	,	PUNCT
cblr-2946	282	47	cras	cras	PROPN
cblr-2946	282	48	receive	receive	VERB
cblr-2946	282	49	approximately	approximately	ADV
cblr-2946	282	50	90	90	NUM
cblr-2946	282	51	to	to	PART
cblr-2946	282	52	95	95	NUM
cblr-2946	282	53	%	%	NOUN
cblr-2946	282	54	of	of	ADP
cblr-2946	282	55	their	their	PRON
cblr-2946	282	56	annual	annual	ADJ
cblr-2946	282	57	revenues	revenue	NOUN
cblr-2946	282	58	from	from	ADP
cblr-2946	282	59	issuer	issuer	NOUN
cblr-2946	282	60	fees.8	fees.8	PROPN
cblr-2946	282	61	while	while	SCONJ
cblr-2946	282	62	these	these	DET
cblr-2946	282	63	cras	cra	NOUN
cblr-2946	282	64	originally	originally	ADV
cblr-2946	282	65	charged	charge	VERB
cblr-2946	282	66	subscription	subscription	NOUN
cblr-2946	282	67	fees	fee	NOUN
cblr-2946	282	68	,	,	PUNCT
cblr-2946	282	69	they	they	PRON
cblr-2946	282	70	switched	switch	VERB
cblr-2946	282	71	to	to	ADP
cblr-2946	282	72	the	the	DET
cblr-2946	282	73	issuer	issuer	NOUN
cblr-2946	282	74	pays	pay	VERB
cblr-2946	282	75	model	model	NOUN
cblr-2946	282	76	in	in	ADP
cblr-2946	282	77	the	the	DET
cblr-2946	282	78	mid-1970s.82	mid-1970s.82	NOUN
cblr-2946	282	79	the	the	DET
cblr-2946	282	80	decision	decision	NOUN
cblr-2946	282	81	to	to	PART
cblr-2946	282	82	do	do	AUX
cblr-2946	282	83	so	so	ADV
cblr-2946	282	84	stemmed	stem	VERB
cblr-2946	282	85	largely	largely	ADV
cblr-2946	282	86	from	from	ADP
cblr-2946	282	87	the	the	DET
cblr-2946	282	88	nature	nature	NOUN
cblr-2946	282	89	of	of	ADP
cblr-2946	282	90	their	their	PRON
cblr-2946	282	91	business	business	NOUN
cblr-2946	282	92	-	-	PUNCT
cblr-2946	282	93	cras	cras	X
cblr-2946	282	94	produce	produce	VERB
cblr-2946	282	95	information	information	NOUN
cblr-2946	282	96	,	,	PUNCT
cblr-2946	282	97	and	and	CCONJ
cblr-2946	282	98	information	information	NOUN
cblr-2946	282	99	is	be	AUX
cblr-2946	282	100	a	a	DET
cblr-2946	282	101	public	public	ADJ
cblr-2946	282	102	good.83	good.83	NOUN
cblr-2946	282	103	the	the	DET
cblr-2946	282	104	78	78	NUM
cblr-2946	282	105	charles	charle	NOUN
cblr-2946	282	106	calomiris	calomiris	PROPN
cblr-2946	282	107	&	&	CCONJ
cblr-2946	282	108	joseph	joseph	PROPN
cblr-2946	282	109	mason	mason	PROPN
cblr-2946	282	110	,	,	PUNCT
cblr-2946	282	111	we	we	PRON
cblr-2946	282	112	need	need	VERB
cblr-2946	282	113	a	a	DET
cblr-2946	282	114	better	well	ADJ
cblr-2946	282	115	way	way	NOUN
cblr-2946	282	116	to	to	PART
cblr-2946	282	117	judge	judge	VERB
cblr-2946	282	118	risk	risk	NOUN
cblr-2946	282	119	,	,	PUNCT
cblr-2946	282	120	fin	fin	NOUN
cblr-2946	282	121	.	.	PUNCT
cblr-2946	283	1	times	times	PROPN
cblr-2946	283	2	,	,	PUNCT
cblr-2946	283	3	aug	aug	PROPN
cblr-2946	283	4	.	.	PROPN
cblr-2946	283	5	23	23	NUM
cblr-2946	283	6	,	,	PUNCT
cblr-2946	283	7	2007	2007	NUM
cblr-2946	283	8	.	.	PUNCT
cblr-2946	284	1	7	7	NUM
cblr-2946	284	2	'	'	PUNCT
cblr-2946	284	3	the	the	DET
cblr-2946	284	4	issuer	issuer	NOUN
cblr-2946	284	5	pays	pay	VERB
cblr-2946	284	6	conflict	conflict	NOUN
cblr-2946	284	7	is	be	AUX
cblr-2946	284	8	not	not	PART
cblr-2946	284	9	the	the	DET
cblr-2946	284	10	only	only	ADJ
cblr-2946	284	11	conflict	conflict	NOUN
cblr-2946	284	12	of	of	ADP
cblr-2946	284	13	interest	interest	NOUN
cblr-2946	284	14	that	that	PRON
cblr-2946	284	15	may	may	AUX
cblr-2946	284	16	compromise	compromise	VERB
cblr-2946	284	17	the	the	DET
cblr-2946	284	18	ratings	rating	NOUN
cblr-2946	284	19	process	process	NOUN
cblr-2946	284	20	.	.	PUNCT
cblr-2946	285	1	individual	individual	ADJ
cblr-2946	285	2	rating	rating	NOUN
cblr-2946	285	3	analysts	analyst	NOUN
cblr-2946	285	4	may	may	AUX
cblr-2946	285	5	be	be	AUX
cblr-2946	285	6	compromised	compromise	VERB
cblr-2946	285	7	by	by	ADP
cblr-2946	285	8	their	their	PRON
cblr-2946	285	9	own	own	ADJ
cblr-2946	285	10	personal	personal	ADJ
cblr-2946	285	11	financial	financial	ADJ
cblr-2946	285	12	interests	interest	NOUN
cblr-2946	285	13	.	.	PUNCT
cblr-2946	286	1	for	for	ADP
cblr-2946	286	2	example	example	NOUN
cblr-2946	286	3	,	,	PUNCT
cblr-2946	286	4	they	they	PRON
cblr-2946	286	5	might	might	AUX
cblr-2946	286	6	issue	issue	VERB
cblr-2946	286	7	inflated	inflate	VERB
cblr-2946	286	8	ratings	rating	NOUN
cblr-2946	286	9	in	in	ADP
cblr-2946	286	10	hopes	hope	NOUN
cblr-2946	286	11	of	of	ADP
cblr-2946	286	12	obtaining	obtain	VERB
cblr-2946	286	13	a	a	DET
cblr-2946	286	14	more	more	ADV
cblr-2946	286	15	lucrative	lucrative	ADJ
cblr-2946	286	16	job	job	NOUN
cblr-2946	286	17	from	from	ADP
cblr-2946	286	18	the	the	DET
cblr-2946	286	19	issuer	issuer	NOUN
cblr-2946	286	20	.	.	PUNCT
cblr-2946	287	1	hunt	hunt	NOUN
cblr-2946	287	2	,	,	PUNCT
cblr-2946	287	3	supra	supra	PROPN
cblr-2946	287	4	note	note	NOUN
cblr-2946	287	5	3	3	NUM
cblr-2946	287	6	,	,	PUNCT
cblr-2946	287	7	at	at	ADP
cblr-2946	287	8	152	152	NUM
cblr-2946	287	9	.	.	PUNCT
cblr-2946	288	1	in	in	ADP
cblr-2946	288	2	addition	addition	NOUN
cblr-2946	288	3	,	,	PUNCT
cblr-2946	288	4	the	the	DET
cblr-2946	288	5	agencies	agency	NOUN
cblr-2946	288	6	have	have	AUX
cblr-2946	288	7	apparently	apparently	ADV
cblr-2946	288	8	taken	take	VERB
cblr-2946	288	9	steps	step	NOUN
cblr-2946	288	10	to	to	PART
cblr-2946	288	11	ensure	ensure	VERB
cblr-2946	288	12	that	that	SCONJ
cblr-2946	288	13	an	an	DET
cblr-2946	288	14	analyst	analyst	NOUN
cblr-2946	288	15	does	do	AUX
cblr-2946	288	16	not	not	PART
cblr-2946	288	17	participate	participate	VERB
cblr-2946	288	18	in	in	ADP
cblr-2946	288	19	rating	rating	NOUN
cblr-2946	288	20	issuers	issuer	NOUN
cblr-2946	288	21	with	with	ADP
cblr-2946	288	22	whom	whom	PRON
cblr-2946	288	23	that	that	DET
cblr-2946	288	24	analyst	analyst	NOUN
cblr-2946	288	25	has	have	VERB
cblr-2946	288	26	business	business	NOUN
cblr-2946	288	27	or	or	CCONJ
cblr-2946	288	28	economic	economic	ADJ
cblr-2946	288	29	ties	tie	NOUN
cblr-2946	288	30	and	and	CCONJ
cblr-2946	288	31	to	to	PART
cblr-2946	288	32	restrict	restrict	VERB
cblr-2946	288	33	and	and	CCONJ
cblr-2946	288	34	monitor	monitor	VERB
cblr-2946	288	35	analyst	analyst	NOUN
cblr-2946	288	36	trading	trading	NOUN
cblr-2946	288	37	.	.	PUNCT
cblr-2946	289	1	sec	sec	PROPN
cblr-2946	289	2	july	july	PROPN
cblr-2946	289	3	2008	2008	NUM
cblr-2946	289	4	report	report	NOUN
cblr-2946	289	5	,	,	PUNCT
cblr-2946	289	6	supra	supra	PROPN
cblr-2946	289	7	note	note	NOUN
cblr-2946	289	8	47	47	NUM
cblr-2946	289	9	,	,	PUNCT
cblr-2946	289	10	at	at	ADP
cblr-2946	289	11	28	28	NUM
cblr-2946	289	12	.	.	PUNCT
cblr-2946	290	1	furthermore	furthermore	ADV
cblr-2946	290	2	,	,	PUNCT
cblr-2946	290	3	executive	executive	ADJ
cblr-2946	290	4	compensation	compensation	NOUN
cblr-2946	290	5	tied	tie	VERB
cblr-2946	290	6	to	to	ADP
cblr-2946	290	7	stock	stock	NOUN
cblr-2946	290	8	options	option	NOUN
cblr-2946	290	9	may	may	AUX
cblr-2946	290	10	compromise	compromise	VERB
cblr-2946	290	11	executive	executive	ADJ
cblr-2946	290	12	decision	decision	NOUN
cblr-2946	290	13	-	-	PUNCT
cblr-2946	290	14	making	making	NOUN
cblr-2946	290	15	.	.	PUNCT
cblr-2946	291	1	see	see	VERB
cblr-2946	291	2	hunt	hunt	NOUN
cblr-2946	291	3	,	,	PUNCT
cblr-2946	291	4	supra	supra	PROPN
cblr-2946	291	5	note	note	NOUN
cblr-2946	291	6	3	3	NUM
cblr-2946	291	7	,	,	PUNCT
cblr-2946	291	8	at	at	ADP
cblr-2946	291	9	152	152	NUM
cblr-2946	291	10	.	.	PUNCT
cblr-2946	292	1	note	note	VERB
cblr-2946	292	2	that	that	SCONJ
cblr-2946	292	3	a	a	DET
cblr-2946	292	4	subscriber	subscriber	NOUN
cblr-2946	292	5	pays	pay	VERB
cblr-2946	292	6	model	model	NOUN
cblr-2946	292	7	would	would	AUX
cblr-2946	292	8	create	create	VERB
cblr-2946	292	9	its	its	PRON
cblr-2946	292	10	own	own	ADJ
cblr-2946	292	11	conflicts	conflict	NOUN
cblr-2946	292	12	of	of	ADP
cblr-2946	292	13	interest	interest	NOUN
cblr-2946	292	14	.	.	PUNCT
cblr-2946	293	1	see	see	VERB
cblr-2946	293	2	sec	sec	PROPN
cblr-2946	293	3	june	june	PROPN
cblr-2946	293	4	2008	2008	NUM
cblr-2946	293	5	report	report	NOUN
cblr-2946	293	6	,	,	PUNCT
cblr-2946	293	7	supra	supra	PROPN
cblr-2946	293	8	note	note	PROPN
cblr-2946	293	9	14	14	NUM
cblr-2946	293	10	,	,	PUNCT
cblr-2946	293	11	at	at	ADP
cblr-2946	293	12	46	46	NUM
cblr-2946	293	13	(	(	PUNCT
cblr-2946	293	14	discussing	discuss	VERB
cblr-2946	293	15	these	these	DET
cblr-2946	293	16	potential	potential	ADJ
cblr-2946	293	17	conflicts	conflict	NOUN
cblr-2946	293	18	)	)	PUNCT
cblr-2946	293	19	.	.	PUNCT
cblr-2946	294	1	80	80	NUM
cblr-2946	294	2	partnoy	partnoy	ADJ
cblr-2946	294	3	,	,	PUNCT
cblr-2946	294	4	supra	supra	ADJ
cblr-2946	294	5	note	note	NOUN
cblr-2946	294	6	7	7	NUM
cblr-2946	294	7	,	,	PUNCT
cblr-2946	294	8	at	at	ADP
cblr-2946	294	9	652	652	NUM
cblr-2946	294	10	(	(	PUNCT
cblr-2946	294	11	"	"	PUNCT
cblr-2946	294	12	perhaps	perhaps	ADV
cblr-2946	294	13	the	the	DET
cblr-2946	294	14	most	most	ADV
cblr-2946	294	15	important	important	ADJ
cblr-2946	294	16	change	change	NOUN
cblr-2946	294	17	in	in	ADP
cblr-2946	294	18	the	the	DET
cblr-2946	294	19	credit	credit	NOUN
cblr-2946	294	20	rating	rating	NOUN
cblr-2946	294	21	agencies	agency	NOUN
cblr-2946	294	22	'	'	PART
cblr-2946	294	23	approach	approach	NOUN
cblr-2946	294	24	since	since	SCONJ
cblr-2946	294	25	the	the	DET
cblr-2946	294	26	mid-1970s	mid-1970s	NUM
cblr-2946	294	27	has	have	AUX
cblr-2946	294	28	been	be	AUX
cblr-2946	294	29	their	their	PRON
cblr-2946	294	30	means	mean	NOUN
cblr-2946	294	31	of	of	ADP
cblr-2946	294	32	generating	generate	VERB
cblr-2946	294	33	revenue	revenue	NOUN
cblr-2946	294	34	.	.	PUNCT
cblr-2946	295	1	today	today	NOUN
cblr-2946	295	2	,	,	PUNCT
cblr-2946	295	3	issuers	issuer	NOUN
cblr-2946	295	4	,	,	PUNCT
cblr-2946	295	5	not	not	PART
cblr-2946	295	6	investors	investor	NOUN
cblr-2946	295	7	,	,	PUNCT
cblr-2946	295	8	pay	pay	VERB
cblr-2946	295	9	fees	fee	NOUN
cblr-2946	295	10	to	to	ADP
cblr-2946	295	11	the	the	DET
cblr-2946	295	12	rating	rating	NOUN
cblr-2946	295	13	agencies	agency	NOUN
cblr-2946	295	14	.	.	PUNCT
cblr-2946	296	1	"	"	PUNCT
cblr-2946	296	2	)	)	PUNCT
cblr-2946	296	3	.	.	PUNCT
cblr-2946	297	1	81	81	NUM
cblr-2946	298	1	i	i	PRON
cblr-2946	298	2	d.	d.	NOUN
cblr-2946	298	3	using	use	VERB
cblr-2946	298	4	2003	2003	NUM
cblr-2946	298	5	data	datum	NOUN
cblr-2946	298	6	,	,	PUNCT
cblr-2946	298	7	professor	professor	NOUN
cblr-2946	298	8	hill	hill	PROPN
cblr-2946	298	9	estimates	estimate	VERB
cblr-2946	298	10	moody	moody	PROPN
cblr-2946	298	11	's	's	PART
cblr-2946	298	12	received	receive	VERB
cblr-2946	298	13	90	90	NUM
cblr-2946	298	14	%	%	NOUN
cblr-2946	298	15	of	of	ADP
cblr-2946	298	16	its	its	PRON
cblr-2946	298	17	revenues	revenue	NOUN
cblr-2946	298	18	from	from	ADP
cblr-2946	298	19	issuer	issuer	NOUN
cblr-2946	298	20	fees	fee	NOUN
cblr-2946	298	21	.	.	PUNCT
cblr-2946	299	1	see	see	VERB
cblr-2946	299	2	hill	hill	PROPN
cblr-2946	299	3	,	,	PUNCT
cblr-2946	299	4	supra	supra	PROPN
cblr-2946	299	5	note	note	PROPN
cblr-2946	299	6	7	7	NUM
cblr-2946	299	7	,	,	PUNCT
cblr-2946	299	8	at	at	ADP
cblr-2946	299	9	50	50	NUM
cblr-2946	299	10	.	.	PUNCT
cblr-2946	300	1	82	82	NUM
cblr-2946	300	2	partnoy	partnoy	ADJ
cblr-2946	300	3	,	,	PUNCT
cblr-2946	300	4	supra	supra	ADJ
cblr-2946	300	5	note	note	NOUN
cblr-2946	300	6	7	7	NUM
cblr-2946	300	7	,	,	PUNCT
cblr-2946	300	8	at	at	ADP
cblr-2946	300	9	652	652	NUM
cblr-2946	300	10	.	.	PUNCT
cblr-2946	301	1	"	"	PUNCT
cblr-2946	301	2	"	"	PUNCT
cblr-2946	301	3	i	i	PRON
cblr-2946	301	4	d.	d.	PROPN
cblr-2946	301	5	at	at	ADP
cblr-2946	301	6	653	653	NUM
cblr-2946	301	7	(	(	PUNCT
cblr-2946	301	8	"	"	PUNCT
cblr-2946	301	9	one	one	NUM
cblr-2946	301	10	reason	reason	NOUN
cblr-2946	301	11	the	the	DET
cblr-2946	301	12	payment	payment	NOUN
cblr-2946	301	13	to	to	ADP
cblr-2946	301	14	rating	rating	NOUN
cblr-2946	301	15	agencies	agency	NOUN
cblr-2946	301	16	may	may	AUX
cblr-2946	301	17	have	have	AUX
cblr-2946	301	18	shifted	shift	VERB
cblr-2946	301	19	from	from	ADP
cblr-2946	301	20	investors	investor	NOUN
cblr-2946	301	21	to	to	ADP
cblr-2946	301	22	issuers	issuer	NOUN
cblr-2946	301	23	is	be	AUX
cblr-2946	301	24	that	that	SCONJ
cblr-2946	301	25	the	the	DET
cblr-2946	301	26	information	information	NOUN
cblr-2946	301	27	rating	rating	NOUN
cblr-2946	301	28	agencies	agency	NOUN
cblr-2946	301	29	generate	generate	VERB
cblr-2946	301	30	has	have	VERB
cblr-2946	301	31	the	the	DET
cblr-2946	301	32	characteristics	characteristic	NOUN
cblr-2946	301	33	of	of	ADP
cblr-2946	301	34	a	a	DET
cblr-2946	301	35	public	public	ADJ
cblr-2946	301	36	good	good	NOUN
cblr-2946	301	37	.	.	PUNCT
cblr-2946	302	1	for	for	ADP
cblr-2946	302	2	example	example	NOUN
cblr-2946	302	3	,	,	PUNCT
cblr-2946	302	4	an	an	DET
cblr-2946	302	5	agency	agency	NOUN
cblr-2946	302	6	publishing	publish	VERB
cblr-2946	302	7	a	a	DET
cblr-2946	302	8	rating	rating	NOUN
cblr-2946	302	9	to	to	ADP
cblr-2946	302	10	one	one	NUM
cblr-2946	302	11	or	or	CCONJ
cblr-2946	302	12	more	more	ADJ
cblr-2946	302	13	individuals	individual	NOUN
cblr-2946	302	14	,	,	PUNCT
cblr-2946	302	15	for	for	ADP
cblr-2946	302	16	a	a	DET
cblr-2946	302	17	fee	fee	NOUN
cblr-2946	302	18	,	,	PUNCT
cblr-2946	302	19	will	will	AUX
cblr-2946	302	20	find	find	VERB
cblr-2946	302	21	it	it	PRON
cblr-2946	302	22	difficult	difficult	ADJ
cblr-2946	302	23	to	to	PART
cblr-2946	302	24	exclude	exclude	VERB
cblr-2946	302	25	other	other	ADJ
cblr-2946	302	26	non	non	ADJ
cblr-2946	302	27	-	-	ADJ
cblr-2946	302	28	paying	paying	ADJ
cblr-2946	302	29	individuals	individual	NOUN
cblr-2946	302	30	from	from	ADP
cblr-2946	302	31	access	access	NOUN
cblr-2946	302	32	to	to	ADP
cblr-2946	302	33	that	that	DET
cblr-2946	302	34	rating	rating	NOUN
cblr-2946	302	35	.	.	PUNCT
cblr-2946	302	36	"	"	PUNCT
cblr-2946	302	37	)	)	PUNCT
cblr-2946	302	38	.	.	PUNCT
cblr-2946	303	1	col	col	PROPN
cblr-2946	303	2	umbia	umbia	PROPN
cblr-2946	303	3	b	b	PROPN
cblr-2946	303	4	usiness	usiness	PROPN
cblr-2946	303	5	la	la	PROPN
cblr-2946	303	6	w	w	PROPN
cblr-2946	303	7	re	re	PROPN
cblr-2946	303	8	vie	vie	PROPN
cblr-2946	303	9	w	w	PROPN
cblr-2946	304	1	[	[	X
cblr-2946	304	2	vol	vol	NOUN
cblr-2946	304	3	.	.	PUNCT
cblr-2946	304	4	2009	2009	NUM
cblr-2946	304	5	no	no	NOUN
cblr-2946	304	6	.	.	PUNCT
cblr-2946	305	1	2:605	2:605	NUM
cblr-2946	305	2	]	]	X
cblr-2946	305	3	credit	credit	NOUN
cblr-2946	305	4	rating	rating	NOUN
cblr-2946	305	5	agencies	agency	NOUN
cblr-2946	305	6	and	and	CCONJ
cblr-2946	305	7	the	the	DET
cblr-2946	305	8	credit	credit	NOUN
cblr-2946	305	9	crisis	crisis	NOUN
cblr-2946	305	10	623	623	NUM
cblr-2946	305	11	subscription	subscription	NOUN
cblr-2946	305	12	-	-	PUNCT
cblr-2946	305	13	based	base	VERB
cblr-2946	305	14	model	model	NOUN
cblr-2946	305	15	created	create	VERB
cblr-2946	305	16	a	a	DET
cblr-2946	305	17	"	"	PUNCT
cblr-2946	305	18	free	free	ADJ
cblr-2946	305	19	rider	rider	NOUN
cblr-2946	305	20	"	"	PUNCT
cblr-2946	305	21	problem	problem	NOUN
cblr-2946	305	22	because	because	SCONJ
cblr-2946	305	23	the	the	DET
cblr-2946	305	24	agencies	agency	NOUN
cblr-2946	305	25	could	could	AUX
cblr-2946	305	26	not	not	PART
cblr-2946	305	27	feasibly	feasibly	ADV
cblr-2946	305	28	stop	stop	VERB
cblr-2946	305	29	paying	pay	VERB
cblr-2946	305	30	subscribers	subscriber	NOUN
cblr-2946	305	31	from	from	ADP
cblr-2946	305	32	sharing	share	VERB
cblr-2946	305	33	the	the	DET
cblr-2946	305	34	information	information	NOUN
cblr-2946	305	35	with	with	ADP
cblr-2946	305	36	nonsubscribers	nonsubscriber	NOUN
cblr-2946	305	37	.	.	PUNCT
cblr-2946	306	1	4	4	NUM
cblr-2946	306	2	through	through	ADP
cblr-2946	306	3	the	the	DET
cblr-2946	306	4	issuer	issuer	NOUN
cblr-2946	306	5	pays	pay	VERB
cblr-2946	306	6	model	model	PROPN
cblr-2946	307	1	,	,	PUNCT
cblr-2946	307	2	the	the	DET
cblr-2946	307	3	agencies	agency	NOUN
cblr-2946	307	4	can	can	AUX
cblr-2946	307	5	effectively	effectively	ADV
cblr-2946	307	6	charge	charge	VERB
cblr-2946	307	7	all	all	DET
cblr-2946	307	8	users	user	NOUN
cblr-2946	307	9	of	of	ADP
cblr-2946	307	10	their	their	PRON
cblr-2946	307	11	product	product	NOUN
cblr-2946	307	12	since	since	SCONJ
cblr-2946	307	13	the	the	DET
cblr-2946	307	14	issuer	issuer	NOUN
cblr-2946	307	15	can	can	AUX
cblr-2946	307	16	pass	pass	VERB
cblr-2946	307	17	the	the	DET
cblr-2946	307	18	cost	cost	NOUN
cblr-2946	307	19	of	of	ADP
cblr-2946	307	20	the	the	DET
cblr-2946	307	21	rating	rating	NOUN
cblr-2946	307	22	on	on	ADP
cblr-2946	307	23	to	to	ADP
cblr-2946	307	24	investors	investor	NOUN
cblr-2946	307	25	in	in	ADP
cblr-2946	307	26	the	the	DET
cblr-2946	307	27	form	form	NOUN
cblr-2946	307	28	of	of	ADP
cblr-2946	307	29	a	a	DET
cblr-2946	307	30	slightly	slightly	ADV
cblr-2946	307	31	reduced	reduce	VERB
cblr-2946	307	32	interest	interest	NOUN
cblr-2946	307	33	rate.8	rate.8	NOUN
cblr-2946	307	34	5	5	NUM
cblr-2946	307	35	the	the	DET
cblr-2946	307	36	adoption	adoption	NOUN
cblr-2946	307	37	of	of	ADP
cblr-2946	307	38	the	the	DET
cblr-2946	307	39	issuer	issuer	NOUN
cblr-2946	307	40	pays	pay	VERB
cblr-2946	307	41	model	model	NOUN
cblr-2946	307	42	created	create	VERB
cblr-2946	307	43	the	the	DET
cblr-2946	307	44	risk	risk	NOUN
cblr-2946	307	45	that	that	SCONJ
cblr-2946	307	46	a	a	DET
cblr-2946	307	47	cra	cra	PROPN
cblr-2946	307	48	will	will	AUX
cblr-2946	307	49	compromise	compromise	VERB
cblr-2946	307	50	the	the	DET
cblr-2946	307	51	integrity	integrity	NOUN
cblr-2946	307	52	of	of	ADP
cblr-2946	307	53	its	its	PRON
cblr-2946	307	54	ratings	rating	NOUN
cblr-2946	307	55	to	to	PART
cblr-2946	307	56	appease	appease	VERB
cblr-2946	307	57	the	the	DET
cblr-2946	307	58	issuer	issuer	NOUN
cblr-2946	307	59	-	-	PUNCT
cblr-2946	307	60	its	its	PRON
cblr-2946	307	61	paying	pay	VERB
cblr-2946	307	62	customer	customer	NOUN
cblr-2946	307	63	-	-	PUNCT
cblr-2946	307	64	by	by	ADP
cblr-2946	307	65	issuing	issue	VERB
cblr-2946	307	66	an	an	DET
cblr-2946	307	67	undeservedly	undeservedly	ADV
cblr-2946	307	68	high	high	ADJ
cblr-2946	307	69	rating	rating	NOUN
cblr-2946	307	70	or	or	CCONJ
cblr-2946	307	71	by	by	ADP
cblr-2946	307	72	failing	fail	VERB
cblr-2946	307	73	to	to	PART
cblr-2946	307	74	downgrade	downgrade	VERB
cblr-2946	307	75	a	a	DET
cblr-2946	307	76	security	security	NOUN
cblr-2946	307	77	when	when	SCONJ
cblr-2946	307	78	changes	change	NOUN
cblr-2946	307	79	warrant	warrant	VERB
cblr-2946	307	80	it	it	PRON
cblr-2946	307	81	.	.	PUNCT
cblr-2946	308	1	despite	despite	SCONJ
cblr-2946	308	2	this	this	DET
cblr-2946	308	3	risk	risk	NOUN
cblr-2946	308	4	,	,	PUNCT
cblr-2946	308	5	and	and	CCONJ
cblr-2946	308	6	even	even	ADV
cblr-2946	308	7	though	though	SCONJ
cblr-2946	308	8	several	several	ADJ
cblr-2946	308	9	historical	historical	ADJ
cblr-2946	308	10	characteristics	characteristic	NOUN
cblr-2946	308	11	of	of	ADP
cblr-2946	308	12	cras	cras	PROPN
cblr-2946	308	13	would	would	AUX
cblr-2946	308	14	seem	seem	VERB
cblr-2946	308	15	to	to	PART
cblr-2946	308	16	exacerbate	exacerbate	VERB
cblr-2946	308	17	the	the	DET
cblr-2946	308	18	risk	risk	NOUN
cblr-2946	308	19	inherent	inherent	ADJ
cblr-2946	308	20	in	in	ADP
cblr-2946	308	21	the	the	DET
cblr-2946	308	22	issuer	issuer	NOUN
cblr-2946	308	23	pays	pay	VERB
cblr-2946	308	24	model	model	PROPN
cblr-2946	308	25	,	,	PUNCT
cblr-2946	308	26	the	the	DET
cblr-2946	308	27	general	general	ADJ
cblr-2946	308	28	consensus	consensus	NOUN
cblr-2946	308	29	appears	appear	VERB
cblr-2946	308	30	to	to	PART
cblr-2946	308	31	be	be	AUX
cblr-2946	308	32	that	that	SCONJ
cblr-2946	308	33	any	any	DET
cblr-2946	308	34	deficiency	deficiency	NOUN
cblr-2946	308	35	in	in	ADP
cblr-2946	308	36	cra	cra	PROPN
cblr-2946	308	37	ratings	rating	NOUN
cblr-2946	308	38	prior	prior	ADV
cblr-2946	308	39	to	to	ADP
cblr-2946	308	40	the	the	DET
cblr-2946	308	41	credit	credit	NOUN
cblr-2946	308	42	crisis	crisis	NOUN
cblr-2946	308	43	(	(	PUNCT
cblr-2946	308	44	and	and	CCONJ
cblr-2946	308	45	thus	thus	ADV
cblr-2946	308	46	relating	relate	VERB
cblr-2946	308	47	primarily	primarily	ADV
cblr-2946	308	48	to	to	ADP
cblr-2946	308	49	securities	security	NOUN
cblr-2946	308	50	other	other	ADJ
cblr-2946	308	51	than	than	ADP
cblr-2946	308	52	structured	structured	ADJ
cblr-2946	308	53	finance	finance	NOUN
cblr-2946	308	54	products	product	NOUN
cblr-2946	308	55	)	)	PUNCT
cblr-2946	308	56	did	do	AUX
cblr-2946	308	57	not	not	PART
cblr-2946	308	58	result	result	VERB
cblr-2946	308	59	from	from	ADP
cblr-2946	308	60	the	the	DET
cblr-2946	308	61	issuer	issuer	NOUN
cblr-2946	308	62	pays	pay	VERB
cblr-2946	308	63	conflict.86	conflict.86	VERB
cblr-2946	308	64	the	the	DET
cblr-2946	308	65	economics	economic	NOUN
cblr-2946	308	66	of	of	ADP
cblr-2946	308	67	rating	rating	NOUN
cblr-2946	308	68	structured	structure	VERB
cblr-2946	308	69	finance	finance	NOUN
cblr-2946	308	70	products	product	NOUN
cblr-2946	308	71	and	and	CCONJ
cblr-2946	308	72	the	the	DET
cblr-2946	308	73	nature	nature	NOUN
cblr-2946	308	74	of	of	ADP
cblr-2946	308	75	the	the	DET
cblr-2946	308	76	relationship	relationship	NOUN
cblr-2946	308	77	between	between	ADP
cblr-2946	308	78	a	a	DET
cblr-2946	308	79	cra	cra	PROPN
cblr-2946	308	80	and	and	CCONJ
cblr-2946	308	81	an	an	DET
cblr-2946	308	82	issuer	issuer	NOUN
cblr-2946	308	83	of	of	ADP
cblr-2946	308	84	a	a	DET
cblr-2946	308	85	structured	structured	ADJ
cblr-2946	308	86	product	product	NOUN
cblr-2946	308	87	suggest	suggest	VERB
cblr-2946	308	88	,	,	PUNCT
cblr-2946	308	89	however	however	ADV
cblr-2946	308	90	,	,	PUNCT
cblr-2946	308	91	that	that	SCONJ
cblr-2946	308	92	the	the	DET
cblr-2946	308	93	issuer	issuer	NOUN
cblr-2946	308	94	pays	pay	VERB
cblr-2946	308	95	conflict	conflict	NOUN
cblr-2946	308	96	is	be	AUX
cblr-2946	308	97	intensified	intensify	VERB
cblr-2946	308	98	when	when	SCONJ
cblr-2946	308	99	cras	cras	X
cblr-2946	308	100	rate	rate	NOUN
cblr-2946	308	101	securitized	securitized	ADJ
cblr-2946	308	102	products	product	NOUN
cblr-2946	308	103	.	.	PUNCT
cblr-2946	309	1	this	this	PRON
cblr-2946	309	2	may	may	AUX
cblr-2946	309	3	account	account	VERB
cblr-2946	309	4	in	in	ADP
cblr-2946	309	5	part	part	NOUN
cblr-2946	309	6	for	for	ADP
cblr-2946	309	7	the	the	DET
cblr-2946	309	8	seemingly	seemingly	ADV
cblr-2946	309	9	low	low	ADJ
cblr-2946	309	10	quality	quality	NOUN
cblr-2946	309	11	of	of	ADP
cblr-2946	309	12	ratings	rating	NOUN
cblr-2946	309	13	as	as	SCONJ
cblr-2946	309	14	evidenced	evidence	VERB
cblr-2946	309	15	by	by	ADP
cblr-2946	309	16	the	the	DET
cblr-2946	309	17	high	high	ADJ
cblr-2946	309	18	rate	rate	NOUN
cblr-2946	309	19	of	of	ADP
cblr-2946	309	20	downgrades	downgrade	NOUN
cblr-2946	309	21	on	on	ADP
cblr-2946	309	22	structured	structured	ADJ
cblr-2946	309	23	finance	finance	NOUN
cblr-2946	309	24	products	product	NOUN
cblr-2946	309	25	beginning	begin	VERB
cblr-2946	309	26	in	in	ADP
cblr-2946	309	27	2007.7	2007.7	NUM
cblr-2946	309	28	'	'	PUNCT
cblr-2946	309	29	the	the	DET
cblr-2946	309	30	free	free	ADJ
cblr-2946	309	31	rider	rider	NOUN
cblr-2946	309	32	problem	problem	NOUN
cblr-2946	309	33	increased	increase	VERB
cblr-2946	309	34	as	as	ADP
cblr-2946	309	35	photocopying	photocopy	VERB
cblr-2946	309	36	and	and	CCONJ
cblr-2946	309	37	other	other	ADJ
cblr-2946	309	38	technology	technology	NOUN
cblr-2946	309	39	progressed	progress	VERB
cblr-2946	309	40	that	that	SCONJ
cblr-2946	309	41	permitted	permit	VERB
cblr-2946	309	42	users	user	NOUN
cblr-2946	309	43	to	to	PART
cblr-2946	309	44	share	share	VERB
cblr-2946	309	45	or	or	CCONJ
cblr-2946	309	46	re	re	VERB
cblr-2946	309	47	-	-	VERB
cblr-2946	309	48	sell	sell	VERB
cblr-2946	309	49	information	information	NOUN
cblr-2946	309	50	more	more	ADV
cblr-2946	309	51	cheaply	cheaply	ADV
cblr-2946	309	52	.	.	PUNCT
cblr-2946	310	1	hill	hill	PROPN
cblr-2946	310	2	,	,	PUNCT
cblr-2946	310	3	supra	supra	PROPN
cblr-2946	310	4	note	note	PROPN
cblr-2946	310	5	7	7	NUM
cblr-2946	310	6	,	,	PUNCT
cblr-2946	310	7	at	at	ADP
cblr-2946	310	8	50	50	NUM
cblr-2946	310	9	(	(	PUNCT
cblr-2946	310	10	citations	citation	NOUN
cblr-2946	310	11	omitted	omit	VERB
cblr-2946	310	12	)	)	PUNCT
cblr-2946	310	13	.	.	PUNCT
cblr-2946	311	1	in	in	ADP
cblr-2946	311	2	addition	addition	NOUN
cblr-2946	311	3	,	,	PUNCT
cblr-2946	311	4	around	around	ADP
cblr-2946	311	5	the	the	DET
cblr-2946	311	6	time	time	NOUN
cblr-2946	311	7	that	that	PRON
cblr-2946	311	8	the	the	DET
cblr-2946	311	9	agencies	agency	NOUN
cblr-2946	311	10	switched	switch	VERB
cblr-2946	311	11	to	to	ADP
cblr-2946	311	12	the	the	DET
cblr-2946	311	13	issuer	issuer	NOUN
cblr-2946	311	14	pays	pay	VERB
cblr-2946	311	15	model	model	PROPN
cblr-2946	311	16	,	,	PUNCT
cblr-2946	311	17	users	user	NOUN
cblr-2946	311	18	were	be	AUX
cblr-2946	311	19	demanding	demand	VERB
cblr-2946	311	20	"	"	PUNCT
cblr-2946	311	21	more	more	ADV
cblr-2946	311	22	comprehensive	comprehensive	ADJ
cblr-2946	311	23	and	and	CCONJ
cblr-2946	311	24	resource	resource	NOUN
cblr-2946	311	25	-	-	PUNCT
cblr-2946	311	26	intensive	intensive	ADJ
cblr-2946	311	27	analysis	analysis	NOUN
cblr-2946	311	28	of	of	ADP
cblr-2946	311	29	issuers	issuer	NOUN
cblr-2946	311	30	.	.	PUNCT
cblr-2946	311	31	"	"	PUNCT
cblr-2946	312	1	u.s	u.s	PROPN
cblr-2946	312	2	.	.	PROPN
cblr-2946	312	3	securities	securities	PROPN
cblr-2946	312	4	and	and	CCONJ
cblr-2946	312	5	exchange	exchange	PROPN
cblr-2946	312	6	commission	commission	PROPN
cblr-2946	312	7	,	,	PUNCT
cblr-2946	312	8	report	report	NOUN
cblr-2946	312	9	on	on	ADP
cblr-2946	312	10	the	the	DET
cblr-2946	312	11	role	role	NOUN
cblr-2946	312	12	and	and	CCONJ
cblr-2946	312	13	function	function	NOUN
cblr-2946	312	14	of	of	ADP
cblr-2946	312	15	credit	credit	NOUN
cblr-2946	312	16	rating	rating	NOUN
cblr-2946	312	17	agencies	agency	NOUN
cblr-2946	312	18	in	in	ADP
cblr-2946	312	19	the	the	DET
cblr-2946	312	20	operation	operation	NOUN
cblr-2946	312	21	of	of	ADP
cblr-2946	312	22	securities	security	NOUN
cblr-2946	312	23	markets	market	NOUN
cblr-2946	312	24	as	as	SCONJ
cblr-2946	312	25	required	require	VERB
cblr-2946	312	26	by	by	ADP
cblr-2946	312	27	section	section	NOUN
cblr-2946	312	28	702(b	702(b	PROPN
cblr-2946	312	29	)	)	PUNCT
cblr-2946	312	30	of	of	ADP
cblr-2946	312	31	the	the	DET
cblr-2946	312	32	sarbanesoxley	sarbanesoxley	NOUN
cblr-2946	312	33	act	act	NOUN
cblr-2946	312	34	of	of	ADP
cblr-2946	312	35	2002	2002	NUM
cblr-2946	312	36	41	41	NUM
cblr-2946	312	37	(	(	PUNCT
cblr-2946	312	38	2003	2003	NUM
cblr-2946	312	39	)	)	PUNCT
cblr-2946	312	40	.	.	PUNCT
cblr-2946	313	1	85	85	NUM
cblr-2946	313	2	coffee	coffee	NOUN
cblr-2946	313	3	,	,	PUNCT
cblr-2946	313	4	supra	supra	PROPN
cblr-2946	313	5	note	note	NOUN
cblr-2946	313	6	7	7	NUM
cblr-2946	313	7	,	,	PUNCT
cblr-2946	313	8	at	at	ADP
cblr-2946	313	9	296	296	NUM
cblr-2946	313	10	;	;	PUNCT
cblr-2946	313	11	partnoy	partnoy	ADJ
cblr-2946	313	12	,	,	PUNCT
cblr-2946	313	13	supra	supra	ADJ
cblr-2946	313	14	note	note	NOUN
cblr-2946	313	15	7	7	NUM
cblr-2946	313	16	,	,	PUNCT
cblr-2946	313	17	at	at	ADP
cblr-2946	313	18	653	653	NUM
cblr-2946	313	19	.	.	PUNCT
cblr-2946	313	20	86	86	NUM
cblr-2946	313	21	see	see	VERB
cblr-2946	313	22	infra	infra	NOUN
cblr-2946	313	23	part	part	NOUN
cblr-2946	313	24	iii.b	iii.b	X
cblr-2946	313	25	.	.	PUNCT
cblr-2946	313	26	s	s	AUX
cblr-2946	313	27	see	see	VERB
cblr-2946	313	28	supra	supra	PROPN
cblr-2946	313	29	part	part	PROPN
cblr-2946	313	30	ii.b.4	ii.b.4	PROPN
cblr-2946	313	31	.	.	PUNCT
cblr-2946	314	1	a.	a.	PROPN
cblr-2946	314	2	historical	historical	ADJ
cblr-2946	314	3	characteristics	characteristic	NOUN
cblr-2946	314	4	making	make	VERB
cblr-2946	314	5	cras	cra	NOUN
cblr-2946	314	6	vulnerable	vulnerable	ADJ
cblr-2946	314	7	to	to	ADP
cblr-2946	314	8	the	the	DET
cblr-2946	314	9	"	"	PUNCT
cblr-2946	314	10	issuer	issuer	NOUN
cblr-2946	314	11	pays	pay	VERB
cblr-2946	314	12	"	"	PUNCT
cblr-2946	314	13	conflict	conflict	NOUN
cblr-2946	314	14	1	1	NUM
cblr-2946	314	15	.	.	PUNCT
cblr-2946	315	1	ratings	rating	NOUN
cblr-2946	315	2	-	-	PUNCT
cblr-2946	315	3	based	base	VERB
cblr-2946	315	4	regulation	regulation	NOUN
cblr-2946	315	5	nrsros	nrsro	NOUN
cblr-2946	315	6	are	be	AUX
cblr-2946	315	7	unique	unique	ADJ
cblr-2946	315	8	in	in	ADP
cblr-2946	315	9	that	that	DET
cblr-2946	315	10	regulators	regulator	NOUN
cblr-2946	315	11	across	across	ADP
cblr-2946	315	12	a	a	DET
cblr-2946	315	13	range	range	NOUN
cblr-2946	315	14	of	of	ADP
cblr-2946	315	15	substantive	substantive	ADJ
cblr-2946	315	16	areas	area	NOUN
cblr-2946	315	17	have	have	AUX
cblr-2946	315	18	incorporated	incorporate	VERB
cblr-2946	315	19	their	their	PRON
cblr-2946	315	20	ratings	rating	NOUN
cblr-2946	315	21	into	into	ADP
cblr-2946	315	22	regulatory	regulatory	ADJ
cblr-2946	315	23	frameworks	framework	NOUN
cblr-2946	315	24	.	.	PUNCT
cblr-2946	316	1	this	this	DET
cblr-2946	316	2	practice	practice	NOUN
cblr-2946	316	3	began	begin	VERB
cblr-2946	316	4	in	in	ADP
cblr-2946	316	5	1930	1930	NUM
cblr-2946	316	6	,	,	PUNCT
cblr-2946	316	7	when	when	SCONJ
cblr-2946	316	8	the	the	DET
cblr-2946	316	9	federal	federal	PROPN
cblr-2946	316	10	reserve	reserve	NOUN
cblr-2946	316	11	system	system	NOUN
cblr-2946	316	12	developed	develop	VERB
cblr-2946	316	13	a	a	DET
cblr-2946	316	14	method	method	NOUN
cblr-2946	316	15	for	for	ADP
cblr-2946	316	16	reviewing	review	VERB
cblr-2946	316	17	a	a	DET
cblr-2946	316	18	bank	bank	NOUN
cblr-2946	316	19	's	's	PART
cblr-2946	316	20	entire	entire	ADJ
cblr-2946	316	21	portfolio	portfolio	NOUN
cblr-2946	316	22	based	base	VERB
cblr-2946	316	23	on	on	ADP
cblr-2946	316	24	the	the	DET
cblr-2946	316	25	credit	credit	NOUN
cblr-2946	316	26	ratings	rating	NOUN
cblr-2946	316	27	of	of	ADP
cblr-2946	316	28	the	the	DET
cblr-2946	316	29	bonds	bond	NOUN
cblr-2946	316	30	in	in	ADP
cblr-2946	316	31	the	the	DET
cblr-2946	316	32	portfolio.88	portfolio.88	NOUN
cblr-2946	316	33	while	while	SCONJ
cblr-2946	316	34	additional	additional	ADJ
cblr-2946	316	35	regulations	regulation	NOUN
cblr-2946	316	36	incorporating	incorporate	VERB
cblr-2946	316	37	credit	credit	NOUN
cblr-2946	316	38	ratings	rating	NOUN
cblr-2946	316	39	followed	follow	VERB
cblr-2946	316	40	closely	closely	ADV
cblr-2946	316	41	thereafter	thereafter	ADV
cblr-2946	316	42	,	,	PUNCT
cblr-2946	316	43	the	the	DET
cblr-2946	316	44	most	most	ADV
cblr-2946	316	45	significant	significant	ADJ
cblr-2946	316	46	development	development	NOUN
cblr-2946	316	47	occurred	occur	VERB
cblr-2946	316	48	in	in	ADP
cblr-2946	316	49	1973	1973	NUM
cblr-2946	316	50	,	,	PUNCT
cblr-2946	316	51	when	when	SCONJ
cblr-2946	316	52	the	the	DET
cblr-2946	316	53	sec	sec	PROPN
cblr-2946	316	54	revised	revise	VERB
cblr-2946	316	55	its	its	PRON
cblr-2946	316	56	"	"	PUNCT
cblr-2946	316	57	net	net	ADJ
cblr-2946	316	58	capital	capital	NOUN
cblr-2946	316	59	"	"	PUNCT
cblr-2946	316	60	rule	rule	NOUN
cblr-2946	316	61	for	for	ADP
cblr-2946	316	62	broker	broker	NOUN
cblr-2946	316	63	dealers.89	dealers.89	PROPN
cblr-2946	316	64	the	the	DET
cblr-2946	316	65	first	first	ADJ
cblr-2946	316	66	securities	security	NOUN
cblr-2946	316	67	rule	rule	NOUN
cblr-2946	316	68	to	to	PART
cblr-2946	316	69	formally	formally	ADV
cblr-2946	316	70	incorporate	incorporate	VERB
cblr-2946	316	71	credit	credit	NOUN
cblr-2946	316	72	ratings	rating	NOUN
cblr-2946	316	73	,	,	PUNCT
cblr-2946	316	74	rule	rule	VERB
cblr-2946	316	75	15c3	15c3	NUM
cblr-2946	316	76	-	-	SYM
cblr-2946	316	77	1	1	NUM
cblr-2946	316	78	requires	require	VERB
cblr-2946	316	79	a	a	DET
cblr-2946	316	80	broker	broker	NOUN
cblr-2946	316	81	dealer	dealer	NOUN
cblr-2946	316	82	to	to	PART
cblr-2946	316	83	take	take	VERB
cblr-2946	316	84	a	a	DET
cblr-2946	316	85	"	"	PUNCT
cblr-2946	316	86	hair	hair	NOUN
cblr-2946	316	87	cut	cut	NOUN
cblr-2946	316	88	"	"	PUNCT
cblr-2946	316	89	when	when	SCONJ
cblr-2946	316	90	valuing	value	VERB
cblr-2946	316	91	securities	security	NOUN
cblr-2946	316	92	for	for	ADP
cblr-2946	316	93	its	its	PRON
cblr-2946	316	94	balance	balance	NOUN
cblr-2946	316	95	sheet	sheet	NOUN
cblr-2946	316	96	and	and	CCONJ
cblr-2946	316	97	ties	tie	VERB
cblr-2946	316	98	the	the	DET
cblr-2946	316	99	amount	amount	NOUN
cblr-2946	316	100	of	of	ADP
cblr-2946	316	101	the	the	DET
cblr-2946	316	102	"	"	PUNCT
cblr-2946	316	103	hair	hair	NOUN
cblr-2946	316	104	cut	cut	NOUN
cblr-2946	316	105	"	"	PUNCT
cblr-2946	316	106	to	to	ADP
cblr-2946	316	107	credit	credit	NOUN
cblr-2946	316	108	ratings	rating	NOUN
cblr-2946	316	109	.	.	PUNCT
cblr-2946	317	1	fearing	fear	VERB
cblr-2946	317	2	that	that	SCONJ
cblr-2946	317	3	the	the	DET
cblr-2946	317	4	entry	entry	NOUN
cblr-2946	317	5	of	of	ADP
cblr-2946	317	6	"	"	PUNCT
cblr-2946	317	7	start	start	VERB
cblr-2946	317	8	ups	up	NOUN
cblr-2946	317	9	and	and	CCONJ
cblr-2946	317	10	fly	fly	NOUN
cblr-2946	317	11	-	-	PUNCT
cblr-2946	317	12	by	by	ADP
cblr-2946	317	13	-	-	PUNCT
cblr-2946	317	14	night	night	NOUN
cblr-2946	317	15	small	small	ADJ
cblr-2946	317	16	firms	firm	NOUN
cblr-2946	317	17	"	"	PUNCT
cblr-2946	317	18	lacking	lack	VERB
cblr-2946	317	19	reputational	reputational	ADJ
cblr-2946	317	20	capital	capital	NOUN
cblr-2946	317	21	would	would	AUX
cblr-2946	317	22	result	result	VERB
cblr-2946	317	23	in	in	ADP
cblr-2946	317	24	a	a	DET
cblr-2946	317	25	race	race	NOUN
cblr-2946	317	26	to	to	ADP
cblr-2946	317	27	the	the	DET
cblr-2946	317	28	bottom	bottom	NOUN
cblr-2946	317	29	,	,	PUNCT
cblr-2946	317	30	the	the	DET
cblr-2946	317	31	sec	sec	PROPN
cblr-2946	317	32	decided	decide	VERB
cblr-2946	317	33	that	that	SCONJ
cblr-2946	317	34	only	only	ADV
cblr-2946	317	35	those	those	DET
cblr-2946	317	36	ratings	rating	NOUN
cblr-2946	317	37	issued	issue	VERB
cblr-2946	317	38	by	by	ADP
cblr-2946	317	39	established	establish	VERB
cblr-2946	317	40	cras	cra	NOUN
cblr-2946	317	41	-	-	PUNCT
cblr-2946	317	42	what	what	PRON
cblr-2946	317	43	it	it	PRON
cblr-2946	317	44	defined	define	VERB
cblr-2946	317	45	as	as	ADP
cblr-2946	317	46	"	"	PUNCT
cblr-2946	317	47	nationally	nationally	ADV
cblr-2946	317	48	recognized	recognize	VERB
cblr-2946	317	49	statistical	statistical	ADJ
cblr-2946	317	50	rating	rating	NOUN
cblr-2946	317	51	organizations"-would	organizations"-would	AUX
cblr-2946	317	52	count	count	VERB
cblr-2946	317	53	88	88	NUM
cblr-2946	317	54	coffee	coffee	NOUN
cblr-2946	317	55	,	,	PUNCT
cblr-2946	317	56	supra	supra	PROPN
cblr-2946	317	57	note	note	NOUN
cblr-2946	317	58	7	7	NUM
cblr-2946	317	59	,	,	PUNCT
cblr-2946	317	60	at	at	ADP
cblr-2946	317	61	288	288	NUM
cblr-2946	317	62	-	-	SYM
cblr-2946	317	63	89	89	NUM
cblr-2946	317	64	;	;	PUNCT
cblr-2946	317	65	partnoy	partnoy	NUM
cblr-2946	317	66	,	,	PUNCT
cblr-2946	317	67	supra	supra	ADJ
cblr-2946	317	68	note	note	NOUN
cblr-2946	317	69	7	7	NUM
cblr-2946	317	70	,	,	PUNCT
cblr-2946	317	71	at	at	ADP
cblr-2946	317	72	687	687	NUM
cblr-2946	317	73	(	(	PUNCT
cblr-2946	317	74	"	"	PUNCT
cblr-2946	317	75	the	the	DET
cblr-2946	317	76	federal	federal	PROPN
cblr-2946	317	77	reserve	reserve	PROPN
cblr-2946	317	78	banks	bank	NOUN
cblr-2946	317	79	first	first	ADV
cblr-2946	317	80	began	begin	VERB
cblr-2946	317	81	using	use	VERB
cblr-2946	317	82	bond	bond	NOUN
cblr-2946	317	83	ratings	rating	NOUN
cblr-2946	317	84	in	in	ADP
cblr-2946	317	85	their	their	PRON
cblr-2946	317	86	examination	examination	NOUN
cblr-2946	317	87	of	of	ADP
cblr-2946	317	88	the	the	DET
cblr-2946	317	89	portfolios	portfolio	NOUN
cblr-2946	317	90	of	of	ADP
cblr-2946	317	91	member	member	NOUN
cblr-2946	317	92	banks	bank	NOUN
cblr-2946	317	93	in	in	ADP
cblr-2946	317	94	1930	1930	NUM
cblr-2946	317	95	.	.	PUNCT
cblr-2946	318	1	"	"	PUNCT
cblr-2946	318	2	)	)	PUNCT
cblr-2946	318	3	(	(	PUNCT
cblr-2946	318	4	citing	cite	VERB
cblr-2946	318	5	gilbert	gilbert	PROPN
cblr-2946	318	6	harold	harold	PROPN
cblr-2946	318	7	,	,	PUNCT
cblr-2946	318	8	bond	bond	NOUN
cblr-2946	318	9	ratings	rating	NOUN
cblr-2946	318	10	as	as	ADP
cblr-2946	318	11	an	an	DET
cblr-2946	318	12	investment	investment	NOUN
cblr-2946	318	13	guide	guide	NOUN
cblr-2946	318	14	:	:	PUNCT
cblr-2946	318	15	an	an	DET
cblr-2946	318	16	appraisal	appraisal	NOUN
cblr-2946	318	17	of	of	ADP
cblr-2946	318	18	their	their	PRON
cblr-2946	318	19	effectiveness	effectiveness	NOUN
cblr-2946	318	20	25	25	NUM
cblr-2946	318	21	(	(	PUNCT
cblr-2946	318	22	1938	1938	NUM
cblr-2946	318	23	)	)	PUNCT
cblr-2946	318	24	)	)	PUNCT
cblr-2946	318	25	.	.	PUNCT
cblr-2946	319	1	89	89	NUM
cblr-2946	319	2	17	17	NUM
cblr-2946	319	3	c.f.r	c.f.r	NOUN
cblr-2946	319	4	.	.	PUNCT
cblr-2946	320	1	§	§	PROPN
cblr-2946	320	2	240.15c3	240.15c3	PROPN
cblr-2946	320	3	-	-	AUX
cblr-2946	320	4	1	1	NUM
cblr-2946	320	5	(	(	PUNCT
cblr-2946	320	6	2009	2009	NUM
cblr-2946	320	7	)	)	PUNCT
cblr-2946	320	8	;	;	PUNCT
cblr-2946	320	9	see	see	VERB
cblr-2946	320	10	also	also	ADV
cblr-2946	320	11	coffee	coffee	NOUN
cblr-2946	320	12	,	,	PUNCT
cblr-2946	320	13	supra	supra	PROPN
cblr-2946	320	14	note	note	NOUN
cblr-2946	320	15	7	7	NUM
cblr-2946	320	16	,	,	PUNCT
cblr-2946	320	17	at	at	ADP
cblr-2946	320	18	289	289	NUM
cblr-2946	320	19	(	(	PUNCT
cblr-2946	320	20	discussing	discuss	VERB
cblr-2946	320	21	additional	additional	ADJ
cblr-2946	320	22	regulations	regulation	NOUN
cblr-2946	320	23	implemented	implement	VERB
cblr-2946	320	24	in	in	ADP
cblr-2946	320	25	the	the	DET
cblr-2946	320	26	1930s	1930	NOUN
cblr-2946	320	27	)	)	PUNCT
cblr-2946	320	28	;	;	PUNCT
cblr-2946	320	29	partnoy	partnoy	ADJ
cblr-2946	320	30	,	,	PUNCT
cblr-2946	320	31	supra	supra	ADJ
cblr-2946	320	32	note	note	NOUN
cblr-2946	320	33	7	7	NUM
cblr-2946	320	34	,	,	PUNCT
cblr-2946	320	35	at	at	ADP
cblr-2946	320	36	686	686	NUM
cblr-2946	320	37	-	-	SYM
cblr-2946	320	38	90	90	NUM
cblr-2946	320	39	(	(	PUNCT
cblr-2946	320	40	discussing	discuss	VERB
cblr-2946	320	41	the	the	DET
cblr-2946	320	42	same	same	ADJ
cblr-2946	320	43	)	)	PUNCT
cblr-2946	320	44	.	.	PUNCT
cblr-2946	321	1	much	much	ADJ
cblr-2946	321	2	of	of	ADP
cblr-2946	321	3	professor	professor	NOUN
cblr-2946	321	4	partnoy	partnoy	NOUN
cblr-2946	321	5	's	's	PART
cblr-2946	321	6	discussion	discussion	NOUN
cblr-2946	321	7	cites	cite	VERB
cblr-2946	321	8	to	to	ADP
cblr-2946	321	9	gilbert	gilbert	PROPN
cblr-2946	321	10	harold	harold	PROPN
cblr-2946	321	11	,	,	PUNCT
cblr-2946	321	12	bond	bond	NOUN
cblr-2946	321	13	ratings	rating	NOUN
cblr-2946	321	14	as	as	ADP
cblr-2946	321	15	an	an	DET
cblr-2946	321	16	investment	investment	NOUN
cblr-2946	321	17	guide	guide	NOUN
cblr-2946	321	18	:	:	PUNCT
cblr-2946	321	19	an	an	DET
cblr-2946	321	20	appraisal	appraisal	NOUN
cblr-2946	321	21	of	of	ADP
cblr-2946	321	22	their	their	PRON
cblr-2946	321	23	effectiveness	effectiveness	NOUN
cblr-2946	321	24	(	(	PUNCT
cblr-2946	321	25	1938	1938	NUM
cblr-2946	321	26	)	)	PUNCT
cblr-2946	321	27	.	.	PUNCT
cblr-2946	322	1	17	17	NUM
cblr-2946	322	2	c.f.r	c.f.r	NOUN
cblr-2946	322	3	.	.	PUNCT
cblr-2946	323	1	§	§	PROPN
cblr-2946	323	2	240.15c3	240.15c3	PROPN
cblr-2946	323	3	-	-	AUX
cblr-2946	323	4	1	1	NUM
cblr-2946	323	5	(	(	PUNCT
cblr-2946	323	6	2009	2009	NUM
cblr-2946	323	7	)	)	PUNCT
cblr-2946	323	8	;	;	PUNCT
cblr-2946	323	9	partnoy	partnoy	ADJ
cblr-2946	323	10	,	,	PUNCT
cblr-2946	323	11	supra	supra	ADJ
cblr-2946	323	12	note	note	NOUN
cblr-2946	323	13	7	7	NUM
cblr-2946	323	14	,	,	PUNCT
cblr-2946	323	15	at	at	ADP
cblr-2946	323	16	690	690	NUM
cblr-2946	323	17	(	(	PUNCT
cblr-2946	323	18	describing	describe	VERB
cblr-2946	323	19	rule	rule	NOUN
cblr-2946	323	20	15c3	15c3	NUM
cblr-2946	323	21	-	-	SYM
cblr-2946	323	22	1	1	NUM
cblr-2946	323	23	as	as	ADP
cblr-2946	323	24	the	the	DET
cblr-2946	323	25	first	first	ADJ
cblr-2946	323	26	securities	security	NOUN
cblr-2946	323	27	rule	rule	VERB
cblr-2946	323	28	to	to	PART
cblr-2946	323	29	formally	formally	ADV
cblr-2946	323	30	incorporate	incorporate	VERB
cblr-2946	323	31	credit	credit	NOUN
cblr-2946	323	32	ratings	rating	NOUN
cblr-2946	323	33	)	)	PUNCT
cblr-2946	323	34	.	.	PUNCT
cblr-2946	324	1	professor	professor	NOUN
cblr-2946	324	2	coffee	coffee	NOUN
cblr-2946	324	3	explains	explain	VERB
cblr-2946	324	4	that	that	SCONJ
cblr-2946	324	5	"	"	PUNCT
cblr-2946	324	6	hair	hair	NOUN
cblr-2946	324	7	cuts	cut	NOUN
cblr-2946	324	8	"	"	PUNCT
cblr-2946	324	9	in	in	ADP
cblr-2946	324	10	the	the	DET
cblr-2946	324	11	context	context	NOUN
cblr-2946	324	12	of	of	ADP
cblr-2946	324	13	rule	rule	NOUN
cblr-2946	324	14	15c3	15c3	NUM
cblr-2946	324	15	-	-	SYM
cblr-2946	324	16	1	1	NUM
cblr-2946	324	17	are	be	AUX
cblr-2946	324	18	"	"	PUNCT
cblr-2946	324	19	mandatory	mandatory	ADJ
cblr-2946	324	20	write	write	NOUN
cblr-2946	324	21	-	-	PUNCT
cblr-2946	324	22	downs	down	NOUN
cblr-2946	324	23	...	...	PUNCT
cblr-2946	324	24	on	on	ADP
cblr-2946	324	25	the	the	DET
cblr-2946	324	26	broker	broker	NOUN
cblr-2946	324	27	's	's	PART
cblr-2946	324	28	balance	balance	NOUN
cblr-2946	324	29	sheet	sheet	NOUN
cblr-2946	324	30	for	for	ADP
cblr-2946	324	31	securities	security	NOUN
cblr-2946	324	32	that	that	PRON
cblr-2946	324	33	it	it	PRON
cblr-2946	324	34	owned	own	VERB
cblr-2946	324	35	,	,	PUNCT
cblr-2946	324	36	which	which	PRON
cblr-2946	324	37	were	be	AUX
cblr-2946	324	38	deemed	deem	VERB
cblr-2946	324	39	risky	risky	ADJ
cblr-2946	324	40	or	or	CCONJ
cblr-2946	324	41	speculative	speculative	ADJ
cblr-2946	324	42	.	.	PUNCT
cblr-2946	324	43	"	"	PUNCT
cblr-2946	325	1	coffee	coffee	NOUN
cblr-2946	325	2	,	,	PUNCT
cblr-2946	325	3	supra	supra	PROPN
cblr-2946	325	4	note	note	NOUN
cblr-2946	325	5	7	7	NUM
cblr-2946	325	6	,	,	PUNCT
cblr-2946	325	7	at	at	ADP
cblr-2946	325	8	289	289	NUM
cblr-2946	325	9	.	.	PUNCT
cblr-2946	326	1	coluama	coluama	PROPN
cblr-2946	327	1	b	b	PRON
cblr-2946	327	2	usiness	usiness	NOUN
cblr-2946	327	3	la	la	PROPN
cblr-2946	327	4	w	w	PROPN
cblr-2946	327	5	re	re	PROPN
cblr-2946	327	6	vie	vie	PROPN
cblr-2946	327	7	w	w	PROPN
cblr-2946	328	1	[	[	X
cblr-2946	328	2	vol	vol	NOUN
cblr-2946	328	3	.	.	PUNCT
cblr-2946	328	4	2009	2009	NUM
cblr-2946	328	5	no	no	NOUN
cblr-2946	328	6	.	.	PUNCT
cblr-2946	329	1	2:605	2:605	NUM
cblr-2946	329	2	]	]	X
cblr-2946	329	3	credit	credit	NOUN
cblr-2946	329	4	rating	rating	NOUN
cblr-2946	329	5	agencies	agency	NOUN
cblr-2946	329	6	and	and	CCONJ
cblr-2946	329	7	the	the	DET
cblr-2946	329	8	credit	credit	NOUN
cblr-2946	329	9	crisis	crisis	NOUN
cblr-2946	329	10	625	625	NUM
cblr-2946	329	11	for	for	ADP
cblr-2946	329	12	purposes	purpose	NOUN
cblr-2946	329	13	of	of	ADP
cblr-2946	329	14	the	the	DET
cblr-2946	329	15	rule	rule	NOUN
cblr-2946	329	16	.	.	PUNCT
cblr-2946	329	17	"	"	PUNCT
cblr-2946	330	1	thus	thus	ADV
cblr-2946	330	2	,	,	PUNCT
cblr-2946	330	3	the	the	DET
cblr-2946	330	4	nrsro	nrsro	ADJ
cblr-2946	330	5	designation	designation	NOUN
cblr-2946	330	6	was	be	AUX
cblr-2946	330	7	born	bear	VERB
cblr-2946	330	8	.	.	PUNCT
cblr-2946	331	1	from	from	ADP
cblr-2946	331	2	there	there	ADV
cblr-2946	331	3	,	,	PUNCT
cblr-2946	331	4	the	the	DET
cblr-2946	331	5	incorporation	incorporation	NOUN
cblr-2946	331	6	of	of	ADP
cblr-2946	331	7	nrsro	nrsro	ADJ
cblr-2946	331	8	ratings	rating	NOUN
cblr-2946	331	9	in	in	ADP
cblr-2946	331	10	substantive	substantive	ADJ
cblr-2946	331	11	regulation	regulation	NOUN
cblr-2946	331	12	increased	increase	VERB
cblr-2946	331	13	.	.	PUNCT
cblr-2946	332	1	now	now	ADV
cblr-2946	332	2	,	,	PUNCT
cblr-2946	332	3	many	many	ADJ
cblr-2946	332	4	important	important	ADJ
cblr-2946	332	5	rules	rule	NOUN
cblr-2946	332	6	use	use	VERB
cblr-2946	332	7	nrsro	nrsro	ADJ
cblr-2946	332	8	ratings	rating	NOUN
cblr-2946	332	9	as	as	ADP
cblr-2946	332	10	benchmarks.92	benchmarks.92	ADV
cblr-2946	332	11	according	accord	VERB
cblr-2946	332	12	to	to	ADP
cblr-2946	332	13	the	the	DET
cblr-2946	332	14	sec	sec	PROPN
cblr-2946	332	15	,	,	PUNCT
cblr-2946	332	16	at	at	ADV
cblr-2946	332	17	least	least	ADJ
cblr-2946	332	18	forty	forty	NUM
cblr-2946	332	19	-	-	PUNCT
cblr-2946	332	20	four	four	NUM
cblr-2946	332	21	of	of	ADP
cblr-2946	332	22	its	its	PRON
cblr-2946	332	23	rules	rule	NOUN
cblr-2946	332	24	and	and	CCONJ
cblr-2946	332	25	forms	form	NOUN
cblr-2946	332	26	incorporate	incorporate	VERB
cblr-2946	332	27	references	reference	NOUN
cblr-2946	332	28	to	to	ADP
cblr-2946	332	29	credit	credit	NOUN
cblr-2946	332	30	ratings.9	ratings.9	NOUN
cblr-2946	332	31	'	'	PUNCT
cblr-2946	332	32	the	the	DET
cblr-2946	332	33	practice	practice	NOUN
cblr-2946	332	34	of	of	ADP
cblr-2946	332	35	incorporating	incorporate	VERB
cblr-2946	332	36	91	91	NUM
cblr-2946	332	37	notice	notice	NOUN
cblr-2946	332	38	of	of	ADP
cblr-2946	332	39	revision	revision	NOUN
cblr-2946	332	40	of	of	ADP
cblr-2946	332	41	proposed	propose	VERB
cblr-2946	332	42	amendments	amendment	NOUN
cblr-2946	332	43	to	to	PART
cblr-2946	332	44	rule	rule	VERB
cblr-2946	332	45	15c3	15c3	NUM
cblr-2946	332	46	-	-	SYM
cblr-2946	332	47	1	1	NUM
cblr-2946	332	48	under	under	ADP
cblr-2946	332	49	the	the	DET
cblr-2946	332	50	securities	security	NOUN
cblr-2946	332	51	exchange	exchange	PROPN
cblr-2946	332	52	act	act	NOUN
cblr-2946	332	53	of	of	ADP
cblr-2946	332	54	1934	1934	NUM
cblr-2946	332	55	,	,	PUNCT
cblr-2946	332	56	exchange	exchange	NOUN
cblr-2946	332	57	act	act	NOUN
cblr-2946	332	58	release	release	VERB
cblr-2946	332	59	no	no	INTJ
cblr-2946	332	60	.	.	NOUN
cblr-2946	333	1	10,525	10,525	NUM
cblr-2946	333	2	,	,	PUNCT
cblr-2946	333	3	1973	1973	NUM
cblr-2946	333	4	sec	sec	PROPN
cblr-2946	333	5	lexis	lexis	NOUN
cblr-2946	333	6	2309	2309	NUM
cblr-2946	333	7	(	(	PUNCT
cblr-2946	333	8	nov	nov	PROPN
cblr-2946	333	9	.	.	PROPN
cblr-2946	333	10	29	29	NUM
cblr-2946	333	11	,	,	PUNCT
cblr-2946	333	12	1973	1973	NUM
cblr-2946	333	13	)	)	PUNCT
cblr-2946	333	14	(	(	PUNCT
cblr-2946	333	15	"	"	PUNCT
cblr-2946	333	16	the	the	DET
cblr-2946	333	17	commission	commission	NOUN
cblr-2946	333	18	to	to	ADP
cblr-2946	333	19	a	a	DET
cblr-2946	333	20	limited	limited	ADJ
cblr-2946	333	21	extent	extent	NOUN
cblr-2946	333	22	has	have	AUX
cblr-2946	333	23	also	also	ADV
cblr-2946	333	24	recognized	recognize	VERB
cblr-2946	333	25	the	the	DET
cblr-2946	333	26	usefulness	usefulness	NOUN
cblr-2946	333	27	of	of	ADP
cblr-2946	333	28	the	the	DET
cblr-2946	333	29	nationally	nationally	ADV
cblr-2946	333	30	recognized	recognize	VERB
cblr-2946	333	31	statistical	statistical	ADJ
cblr-2946	333	32	rating	rating	NOUN
cblr-2946	333	33	organizations	organization	NOUN
cblr-2946	333	34	as	as	ADP
cblr-2946	333	35	a	a	DET
cblr-2946	333	36	basis	basis	NOUN
cblr-2946	333	37	for	for	ADP
cblr-2946	333	38	establishing	establish	VERB
cblr-2946	333	39	a	a	DET
cblr-2946	333	40	dividing	dividing	NOUN
cblr-2946	333	41	line	line	NOUN
cblr-2946	333	42	for	for	ADP
cblr-2946	333	43	securities	security	NOUN
cblr-2946	333	44	with	with	ADP
cblr-2946	333	45	a	a	DET
cblr-2946	333	46	greater	great	ADJ
cblr-2946	333	47	or	or	CCONJ
cblr-2946	333	48	lesser	less	ADJ
cblr-2946	333	49	degree	degree	NOUN
cblr-2946	333	50	of	of	ADP
cblr-2946	333	51	market	market	NOUN
cblr-2946	333	52	volatility	volatility	NOUN
cblr-2946	333	53	.	.	PUNCT
cblr-2946	334	1	"	"	PUNCT
cblr-2946	334	2	)	)	PUNCT
cblr-2946	334	3	;	;	PUNCT
cblr-2946	334	4	coffee	coffee	NOUN
cblr-2946	334	5	,	,	PUNCT
cblr-2946	334	6	supra	supra	PROPN
cblr-2946	334	7	note	note	NOUN
cblr-2946	334	8	7	7	NUM
cblr-2946	334	9	,	,	PUNCT
cblr-2946	334	10	at	at	ADP
cblr-2946	334	11	289	289	NUM
cblr-2946	334	12	(	(	PUNCT
cblr-2946	334	13	"	"	PUNCT
cblr-2946	334	14	fearing	fear	VERB
cblr-2946	334	15	the	the	DET
cblr-2946	334	16	proverbial	proverbial	ADJ
cblr-2946	334	17	'	'	PUNCT
cblr-2946	334	18	race	race	NOUN
cblr-2946	334	19	to	to	ADP
cblr-2946	334	20	the	the	DET
cblr-2946	334	21	bottom	bottom	NOUN
cblr-2946	334	22	,	,	PUNCT
cblr-2946	334	23	'	'	PUNCT
cblr-2946	334	24	the	the	DET
cblr-2946	334	25	sec	sec	PROPN
cblr-2946	334	26	decided	decide	VERB
cblr-2946	334	27	to	to	PART
cblr-2946	334	28	recognize	recognize	VERB
cblr-2946	334	29	only	only	ADV
cblr-2946	334	30	the	the	DET
cblr-2946	334	31	credit	credit	NOUN
cblr-2946	334	32	ratings	rating	NOUN
cblr-2946	334	33	issued	issue	VERB
cblr-2946	334	34	by	by	ADP
cblr-2946	334	35	the	the	DET
cblr-2946	334	36	major	major	ADJ
cblr-2946	334	37	credit	credit	NOUN
cblr-2946	334	38	-	-	PUNCT
cblr-2946	334	39	rating	rating	NOUN
cblr-2946	334	40	agencies	agency	NOUN
cblr-2946	334	41	that	that	PRON
cblr-2946	334	42	pre	pre	VERB
cblr-2946	334	43	-	-	VERB
cblr-2946	334	44	existed	exist	VERB
cblr-2946	334	45	its	its	PRON
cblr-2946	334	46	new	new	ADJ
cblr-2946	334	47	rule	rule	NOUN
cblr-2946	334	48	.	.	PUNCT
cblr-2946	335	1	to	to	ADP
cblr-2946	335	2	this	this	DET
cblr-2946	335	3	end	end	NOUN
cblr-2946	335	4	,	,	PUNCT
cblr-2946	335	5	it	it	PRON
cblr-2946	335	6	defined	define	VERB
cblr-2946	335	7	the	the	DET
cblr-2946	335	8	term	term	NOUN
cblr-2946	335	9	'	'	PUNCT
cblr-2946	335	10	nationally	nationally	ADV
cblr-2946	335	11	recognized	recognize	VERB
cblr-2946	335	12	statistical	statistical	ADJ
cblr-2946	335	13	ratings	rating	NOUN
cblr-2946	335	14	organizations	organization	NOUN
cblr-2946	335	15	'	'	PUNCT
cblr-2946	335	16	.	.	PUNCT
cblr-2946	335	17	.	.	PUNCT
cblr-2946	336	1	.	.	PUNCT
cblr-2946	337	1	so	so	ADV
cblr-2946	337	2	as	as	ADP
cblr-2946	337	3	deliberately	deliberately	ADV
cblr-2946	337	4	to	to	PART
cblr-2946	337	5	exclude	exclude	VERB
cblr-2946	337	6	start	start	NOUN
cblr-2946	337	7	-	-	PUNCT
cblr-2946	337	8	ups	up	NOUN
cblr-2946	337	9	and	and	CCONJ
cblr-2946	337	10	fly	fly	NOUN
cblr-2946	337	11	-	-	PUNCT
cblr-2946	337	12	by	by	ADP
cblr-2946	337	13	-	-	PUNCT
cblr-2946	337	14	night	night	NOUN
cblr-2946	337	15	small	small	ADJ
cblr-2946	337	16	firms	firm	NOUN
cblr-2946	337	17	that	that	PRON
cblr-2946	337	18	lacked	lack	VERB
cblr-2946	337	19	reputational	reputational	ADJ
cblr-2946	337	20	capital	capital	NOUN
cblr-2946	337	21	.	.	PUNCT
cblr-2946	337	22	"	"	PUNCT
cblr-2946	337	23	)	)	PUNCT
cblr-2946	337	24	;	;	PUNCT
cblr-2946	337	25	partnoy	partnoy	ADJ
cblr-2946	337	26	,	,	PUNCT
cblr-2946	337	27	supra	supra	ADJ
cblr-2946	337	28	note	note	NOUN
cblr-2946	337	29	7	7	NUM
cblr-2946	337	30	,	,	PUNCT
cblr-2946	337	31	at	at	ADP
cblr-2946	337	32	690	690	NUM
cblr-2946	337	33	n.344	n.344	NOUN
cblr-2946	337	34	(	(	PUNCT
cblr-2946	337	35	"	"	PUNCT
cblr-2946	337	36	as	as	SCONJ
cblr-2946	337	37	the	the	DET
cblr-2946	337	38	initial	initial	ADJ
cblr-2946	337	39	source	source	NOUN
cblr-2946	337	40	of	of	ADP
cblr-2946	337	41	the	the	DET
cblr-2946	337	42	term	term	NOUN
cblr-2946	337	43	nrsro	nrsro	ADV
cblr-2946	337	44	,	,	PUNCT
cblr-2946	337	45	rule	rule	VERB
cblr-2946	337	46	15c3	15c3	NUM
cblr-2946	337	47	-	-	SYM
cblr-2946	337	48	1	1	NUM
cblr-2946	337	49	effectively	effectively	ADV
cblr-2946	337	50	froze	freeze	VERB
cblr-2946	337	51	the	the	DET
cblr-2946	337	52	thenapproved	thenapproved	ADJ
cblr-2946	337	53	credit	credit	NOUN
cblr-2946	337	54	rating	rating	NOUN
cblr-2946	337	55	agencies	agency	NOUN
cblr-2946	337	56	(	(	PUNCT
cblr-2946	337	57	e.g.	e.g.	ADV
cblr-2946	337	58	,	,	PUNCT
cblr-2946	337	59	s&p	s&p	PROPN
cblr-2946	337	60	,	,	PUNCT
cblr-2946	337	61	moody	moody	NOUN
cblr-2946	337	62	's	's	PART
cblr-2946	337	63	,	,	PUNCT
cblr-2946	337	64	duff	duff	PROPN
cblr-2946	337	65	&	&	CCONJ
cblr-2946	337	66	phelps	phelps	PROPN
cblr-2946	337	67	,	,	PUNCT
cblr-2946	337	68	and	and	CCONJ
cblr-2946	337	69	fitch	fitch	PROPN
cblr-2946	337	70	)	)	PUNCT
cblr-2946	337	71	as	as	ADP
cblr-2946	337	72	acceptable	acceptable	ADJ
cblr-2946	337	73	for	for	ADP
cblr-2946	337	74	rating	rating	NOUN
cblr-2946	337	75	purposes	purpose	NOUN
cblr-2946	337	76	,	,	PUNCT
cblr-2946	337	77	and	and	CCONJ
cblr-2946	337	78	severely	severely	ADV
cblr-2946	337	79	limited	limit	VERB
cblr-2946	337	80	the	the	DET
cblr-2946	337	81	possibilities	possibility	NOUN
cblr-2946	337	82	for	for	ADP
cblr-2946	337	83	new	new	ADJ
cblr-2946	337	84	entrants	entrant	NOUN
cblr-2946	337	85	.	.	PUNCT
cblr-2946	338	1	"	"	PUNCT
cblr-2946	338	2	)	)	PUNCT
cblr-2946	338	3	.	.	PUNCT
cblr-2946	339	1	duff	duff	PROPN
cblr-2946	339	2	&	&	CCONJ
cblr-2946	339	3	phelps	phelps	PROPN
cblr-2946	339	4	was	be	AUX
cblr-2946	339	5	since	since	SCONJ
cblr-2946	339	6	acquired	acquire	VERB
cblr-2946	339	7	by	by	ADP
cblr-2946	339	8	fitch	fitch	NOUN
cblr-2946	339	9	in	in	ADP
cblr-2946	339	10	2000	2000	NUM
cblr-2946	339	11	.	.	PUNCT
cblr-2946	340	1	the	the	DET
cblr-2946	340	2	history	history	NOUN
cblr-2946	340	3	of	of	ADP
cblr-2946	340	4	fitch	fitch	NOUN
cblr-2946	340	5	,	,	PUNCT
cblr-2946	340	6	http://www.fitchratings.com	http://www.fitchratings.com	X
cblr-2946	340	7	(	(	PUNCT
cblr-2946	340	8	last	last	ADJ
cblr-2946	340	9	visited	visit	VERB
cblr-2946	340	10	apr	apr	NOUN
cblr-2946	340	11	.	.	PROPN
cblr-2946	340	12	26	26	NUM
cblr-2946	340	13	,	,	PUNCT
cblr-2946	340	14	2009	2009	NUM
cblr-2946	340	15	)	)	PUNCT
cblr-2946	340	16	(	(	PUNCT
cblr-2946	340	17	follow	follow	VERB
cblr-2946	340	18	"	"	PUNCT
cblr-2946	340	19	about	about	ADP
cblr-2946	340	20	us	we	PRON
cblr-2946	340	21	"	"	PUNCT
cblr-2946	340	22	hyperlink	hyperlink	NOUN
cblr-2946	340	23	;	;	PUNCT
cblr-2946	340	24	then	then	ADV
cblr-2946	340	25	follow	follow	VERB
cblr-2946	340	26	"	"	PUNCT
cblr-2946	340	27	history	history	NOUN
cblr-2946	340	28	"	"	PUNCT
cblr-2946	340	29	hyperlink	hyperlink	NOUN
cblr-2946	340	30	)	)	PUNCT
cblr-2946	340	31	.	.	PUNCT
cblr-2946	341	1	for	for	ADP
cblr-2946	341	2	example	example	NOUN
cblr-2946	341	3	,	,	PUNCT
cblr-2946	341	4	when	when	SCONJ
cblr-2946	341	5	the	the	DET
cblr-2946	341	6	sec	sec	PROPN
cblr-2946	341	7	began	begin	VERB
cblr-2946	341	8	regulating	regulate	VERB
cblr-2946	341	9	money	money	NOUN
cblr-2946	341	10	market	market	NOUN
cblr-2946	341	11	funds	fund	NOUN
cblr-2946	341	12	in	in	ADP
cblr-2946	341	13	the	the	DET
cblr-2946	341	14	early	early	ADJ
cblr-2946	341	15	1980s	1980s	NUM
cblr-2946	341	16	,	,	PUNCT
cblr-2946	341	17	it	it	PRON
cblr-2946	341	18	revised	revise	VERB
cblr-2946	341	19	rule	rule	NOUN
cblr-2946	341	20	2a-7	2a-7	PROPN
cblr-2946	341	21	of	of	ADP
cblr-2946	341	22	the	the	DET
cblr-2946	341	23	investment	investment	NOUN
cblr-2946	341	24	company	company	NOUN
cblr-2946	341	25	act	act	NOUN
cblr-2946	341	26	of	of	ADP
cblr-2946	341	27	1940	1940	NUM
cblr-2946	341	28	and	and	CCONJ
cblr-2946	341	29	limited	limited	ADJ
cblr-2946	341	30	money	money	NOUN
cblr-2946	341	31	market	market	NOUN
cblr-2946	341	32	funds	fund	NOUN
cblr-2946	341	33	to	to	ADP
cblr-2946	341	34	investments	investment	NOUN
cblr-2946	341	35	in	in	ADP
cblr-2946	341	36	"	"	PUNCT
cblr-2946	341	37	eligible	eligible	ADJ
cblr-2946	341	38	securities	security	NOUN
cblr-2946	341	39	:	:	PUNCT
cblr-2946	341	40	"	"	PUNCT
cblr-2946	341	41	those	those	DET
cblr-2946	341	42	securities	security	NOUN
cblr-2946	341	43	with	with	ADP
cblr-2946	341	44	a	a	DET
cblr-2946	341	45	high	high	ADJ
cblr-2946	341	46	rating	rating	NOUN
cblr-2946	341	47	from	from	ADP
cblr-2946	341	48	at	at	ADV
cblr-2946	341	49	least	least	ADV
cblr-2946	341	50	two	two	NUM
cblr-2946	341	51	nrsros	nrsro	NOUN
cblr-2946	341	52	or	or	CCONJ
cblr-2946	341	53	from	from	ADP
cblr-2946	341	54	the	the	DET
cblr-2946	341	55	only	only	ADJ
cblr-2946	341	56	nrsro	nrsro	NOUN
cblr-2946	341	57	rating	rate	VERB
cblr-2946	341	58	the	the	DET
cblr-2946	341	59	security	security	NOUN
cblr-2946	341	60	.	.	PUNCT
cblr-2946	342	1	17	17	NUM
cblr-2946	342	2	c.f.r	c.f.r	NOUN
cblr-2946	342	3	.	.	PUNCT
cblr-2946	343	1	§	§	PROPN
cblr-2946	343	2	270.2a-7	270.2a-7	PROPN
cblr-2946	343	3	(	(	PUNCT
cblr-2946	343	4	2009	2009	NUM
cblr-2946	343	5	)	)	PUNCT
cblr-2946	343	6	;	;	PUNCT
cblr-2946	343	7	coffee	coffee	NOUN
cblr-2946	343	8	,	,	PUNCT
cblr-2946	343	9	supra	supra	PROPN
cblr-2946	343	10	note	note	NOUN
cblr-2946	343	11	7	7	NUM
cblr-2946	343	12	,	,	PUNCT
cblr-2946	343	13	at	at	ADP
cblr-2946	343	14	290	290	NUM
cblr-2946	343	15	.	.	PUNCT
cblr-2946	344	1	the	the	DET
cblr-2946	344	2	sec	sec	PROPN
cblr-2946	344	3	revised	revise	VERB
cblr-2946	344	4	the	the	DET
cblr-2946	344	5	rule	rule	NOUN
cblr-2946	344	6	again	again	ADV
cblr-2946	344	7	in	in	ADP
cblr-2946	344	8	1991	1991	NUM
cblr-2946	344	9	,	,	PUNCT
cblr-2946	344	10	essentially	essentially	ADV
cblr-2946	344	11	prohibiting	prohibit	VERB
cblr-2946	344	12	a	a	DET
cblr-2946	344	13	money	money	NOUN
cblr-2946	344	14	market	market	NOUN
cblr-2946	344	15	fund	fund	NOUN
cblr-2946	344	16	from	from	ADP
cblr-2946	344	17	investing	invest	VERB
cblr-2946	344	18	more	more	ADJ
cblr-2946	344	19	than	than	ADP
cblr-2946	344	20	five	five	NUM
cblr-2946	344	21	percent	percent	NOUN
cblr-2946	344	22	of	of	ADP
cblr-2946	344	23	its	its	PRON
cblr-2946	344	24	assets	asset	NOUN
cblr-2946	344	25	in	in	ADP
cblr-2946	344	26	unrated	unrated	ADJ
cblr-2946	344	27	commercial	commercial	ADJ
cblr-2946	344	28	paper	paper	NOUN
cblr-2946	344	29	or	or	CCONJ
cblr-2946	344	30	more	more	ADJ
cblr-2946	344	31	than	than	ADP
cblr-2946	344	32	one	one	NUM
cblr-2946	344	33	percent	percent	NOUN
cblr-2946	344	34	in	in	ADP
cblr-2946	344	35	the	the	DET
cblr-2946	344	36	commercial	commercial	ADJ
cblr-2946	344	37	paper	paper	NOUN
cblr-2946	344	38	of	of	ADP
cblr-2946	344	39	a	a	DET
cblr-2946	344	40	single	single	ADJ
cblr-2946	344	41	unrated	unrated	ADJ
cblr-2946	344	42	issuer	issuer	NOUN
cblr-2946	344	43	.	.	PUNCT
cblr-2946	345	1	revisions	revision	NOUN
cblr-2946	345	2	to	to	ADP
cblr-2946	345	3	rules	rule	NOUN
cblr-2946	345	4	regulating	regulate	VERB
cblr-2946	345	5	money	money	NOUN
cblr-2946	345	6	market	market	NOUN
cblr-2946	345	7	funds	fund	NOUN
cblr-2946	345	8	,	,	PUNCT
cblr-2946	345	9	securities	security	NOUN
cblr-2946	345	10	act	act	NOUN
cblr-2946	345	11	release	release	VERB
cblr-2946	345	12	no	no	DET
cblr-2946	345	13	.	.	NOUN
cblr-2946	345	14	6882	6882	NUM
cblr-2946	345	15	,	,	PUNCT
cblr-2946	345	16	1991	1991	NUM
cblr-2946	345	17	sec	sec	PROPN
cblr-2946	345	18	lexis	lexis	NOUN
cblr-2946	345	19	268	268	NUM
cblr-2946	345	20	(	(	PUNCT
cblr-2946	345	21	feb	feb	X
cblr-2946	345	22	.	.	PROPN
cblr-2946	345	23	20	20	NUM
cblr-2946	345	24	,	,	PUNCT
cblr-2946	345	25	1991	1991	NUM
cblr-2946	345	26	)	)	PUNCT
cblr-2946	345	27	;	;	PUNCT
cblr-2946	345	28	coffee	coffee	NOUN
cblr-2946	345	29	,	,	PUNCT
cblr-2946	345	30	supra	supra	PROPN
cblr-2946	345	31	note	note	NOUN
cblr-2946	345	32	7	7	NUM
cblr-2946	345	33	,	,	PUNCT
cblr-2946	345	34	at	at	ADP
cblr-2946	345	35	290	290	NUM
cblr-2946	345	36	.	.	PUNCT
cblr-2946	345	37	"	"	PUNCT
cblr-2946	346	1	christopher	christopher	PROPN
cblr-2946	346	2	cox	cox	PROPN
cblr-2946	346	3	,	,	PUNCT
cblr-2946	346	4	chairman	chairman	NOUN
cblr-2946	346	5	,	,	PUNCT
cblr-2946	346	6	sec	sec	PROPN
cblr-2946	346	7	,	,	PUNCT
cblr-2946	346	8	statement	statement	NOUN
cblr-2946	346	9	on	on	ADP
cblr-2946	346	10	proposal	proposal	NOUN
cblr-2946	346	11	to	to	PART
cblr-2946	346	12	increase	increase	VERB
cblr-2946	346	13	investor	investor	NOUN
cblr-2946	346	14	protection	protection	NOUN
cblr-2946	346	15	by	by	ADP
cblr-2946	346	16	reducing	reduce	VERB
cblr-2946	346	17	reliance	reliance	NOUN
cblr-2946	346	18	on	on	ADP
cblr-2946	346	19	credit	credit	NOUN
cblr-2946	346	20	ratings	rating	NOUN
cblr-2946	346	21	(	(	PUNCT
cblr-2946	346	22	june	june	PROPN
cblr-2946	346	23	25	25	NUM
cblr-2946	346	24	,	,	PUNCT
cblr-2946	346	25	2008	2008	NUM
cblr-2946	346	26	)	)	PUNCT
cblr-2946	346	27	,	,	PUNCT
cblr-2946	346	28	available	available	ADJ
cblr-2946	346	29	at	at	ADP
cblr-2946	346	30	http://www.see.gov/news/speech/2008/spch062508	http://www.see.gov/news/speech/2008/spch062508	PROPN
cblr-2946	346	31	cccredit.htm	cccredit.htm	X
cblr-2946	346	32	(	(	PUNCT
cblr-2946	346	33	discussing	discuss	VERB
cblr-2946	346	34	sec	sec	PROPN
cblr-2946	346	35	proposal	proposal	NOUN
cblr-2946	346	36	to	to	PART
cblr-2946	346	37	eliminate	eliminate	VERB
cblr-2946	346	38	eleven	eleven	NUM
cblr-2946	346	39	references	reference	NOUN
cblr-2946	346	40	to	to	ADP
cblr-2946	346	41	credit	credit	NOUN
cblr-2946	346	42	ratings	rating	NOUN
cblr-2946	346	43	in	in	ADP
cblr-2946	346	44	sec	sec	PROPN
cblr-2946	346	45	rules	rule	NOUN
cblr-2946	346	46	and	and	CCONJ
cblr-2946	346	47	forms	form	NOUN
cblr-2946	346	48	,	,	PUNCT
cblr-2946	346	49	to	to	PART
cblr-2946	346	50	make	make	VERB
cblr-2946	346	51	changes	change	NOUN
cblr-2946	346	52	to	to	ADP
cblr-2946	346	53	twenty	twenty	NUM
cblr-2946	346	54	-	-	PUNCT
cblr-2946	346	55	seven	seven	NUM
cblr-2946	346	56	references	reference	NOUN
cblr-2946	346	57	,	,	PUNCT
cblr-2946	346	58	and	and	CCONJ
cblr-2946	346	59	to	to	PART
cblr-2946	346	60	leave	leave	VERB
cblr-2946	346	61	six	six	NUM
cblr-2946	346	62	unchanged	unchanged	ADJ
cblr-2946	346	63	)	)	PUNCT
cblr-2946	346	64	.	.	PUNCT
cblr-2946	347	1	credit	credit	NOUN
cblr-2946	347	2	ratings	rating	NOUN
cblr-2946	347	3	into	into	ADP
cblr-2946	347	4	substantive	substantive	ADJ
cblr-2946	347	5	regulation	regulation	NOUN
cblr-2946	347	6	has	have	AUX
cblr-2946	347	7	spread	spread	VERB
cblr-2946	347	8	far	far	ADV
cblr-2946	347	9	beyond	beyond	ADP
cblr-2946	347	10	the	the	DET
cblr-2946	347	11	sec	sec	PROPN
cblr-2946	347	12	and	and	CCONJ
cblr-2946	347	13	the	the	DET
cblr-2946	347	14	federal	federal	PROPN
cblr-2946	347	15	reserve	reserve	PROPN
cblr-2946	347	16	.	.	PUNCT
cblr-2946	348	1	credit	credit	NOUN
cblr-2946	348	2	ratings	rating	NOUN
cblr-2946	348	3	are	be	AUX
cblr-2946	348	4	now	now	ADV
cblr-2946	348	5	used	use	VERB
cblr-2946	348	6	in	in	ADP
cblr-2946	348	7	pension	pension	NOUN
cblr-2946	348	8	,	,	PUNCT
cblr-2946	348	9	banking	banking	NOUN
cblr-2946	348	10	,	,	PUNCT
cblr-2946	348	11	real	real	ADJ
cblr-2946	348	12	estate	estate	NOUN
cblr-2946	348	13	,	,	PUNCT
cblr-2946	348	14	and	and	CCONJ
cblr-2946	348	15	insurance	insurance	NOUN
cblr-2946	348	16	regulation	regulation	NOUN
cblr-2946	348	17	.	.	PUNCT
cblr-2946	349	1	14	14	NUM
cblr-2946	349	2	the	the	DET
cblr-2946	349	3	new	new	ADJ
cblr-2946	349	4	basel	basel	PROPN
cblr-2946	349	5	ii	ii	PROPN
cblr-2946	349	6	banking	banking	NOUN
cblr-2946	349	7	regulations	regulation	NOUN
cblr-2946	349	8	incorporate	incorporate	VERB
cblr-2946	349	9	credit	credit	NOUN
cblr-2946	349	10	ratings	rating	NOUN
cblr-2946	349	11	,	,	PUNCT
cblr-2946	349	12	taking	take	VERB
cblr-2946	349	13	ratings	rating	NOUN
cblr-2946	349	14	-	-	PUNCT
cblr-2946	349	15	based	base	VERB
cblr-2946	349	16	regulation	regulation	NOUN
cblr-2946	349	17	global	global	ADJ
cblr-2946	349	18	.	.	PUNCT
cblr-2946	350	1	5	5	NUM
cblr-2946	350	2	the	the	DET
cblr-2946	350	3	use	use	NOUN
cblr-2946	350	4	of	of	ADP
cblr-2946	350	5	ratings	rating	NOUN
cblr-2946	350	6	in	in	ADP
cblr-2946	350	7	substantive	substantive	ADJ
cblr-2946	350	8	regulation	regulation	NOUN
cblr-2946	350	9	is	be	AUX
cblr-2946	350	10	so	so	ADV
cblr-2946	350	11	pervasive	pervasive	ADJ
cblr-2946	350	12	that	that	SCONJ
cblr-2946	350	13	one	one	NUM
cblr-2946	350	14	scholar	scholar	NOUN
cblr-2946	350	15	has	have	AUX
cblr-2946	350	16	developed	develop	VERB
cblr-2946	350	17	the	the	DET
cblr-2946	350	18	"	"	PUNCT
cblr-2946	350	19	regulatory	regulatory	ADJ
cblr-2946	350	20	license	license	NOUN
cblr-2946	350	21	"	"	PUNCT
cblr-2946	350	22	view	view	NOUN
cblr-2946	350	23	of	of	ADP
cblr-2946	350	24	cras.9	cras.9	NOUN
cblr-2946	350	25	6	6	NUM
cblr-2946	350	26	professor	professor	NOUN
cblr-2946	350	27	frank	frank	PROPN
cblr-2946	350	28	partnoy	partnoy	PROPN
cblr-2946	350	29	argues	argue	VERB
cblr-2946	350	30	that	that	SCONJ
cblr-2946	350	31	the	the	DET
cblr-2946	350	32	sec	sec	PROPN
cblr-2946	350	33	and	and	CCONJ
cblr-2946	350	34	other	other	ADJ
cblr-2946	350	35	regulators	regulator	NOUN
cblr-2946	350	36	have	have	AUX
cblr-2946	350	37	conveyed	convey	VERB
cblr-2946	350	38	a	a	DET
cblr-2946	350	39	meaningful	meaningful	ADJ
cblr-2946	350	40	degree	degree	NOUN
cblr-2946	350	41	of	of	ADP
cblr-2946	350	42	market	market	NOUN
cblr-2946	350	43	power	power	NOUN
cblr-2946	350	44	on	on	ADP
cblr-2946	350	45	nrsros	nrsro	NOUN
cblr-2946	350	46	by	by	ADP
cblr-2946	350	47	endowing	endow	VERB
cblr-2946	350	48	them	they	PRON
cblr-2946	350	49	with	with	ADP
cblr-2946	350	50	the	the	DET
cblr-2946	350	51	ability	ability	NOUN
cblr-2946	350	52	to	to	PART
cblr-2946	350	53	grant	grant	VERB
cblr-2946	350	54	regulatory	regulatory	ADJ
cblr-2946	350	55	licenses	license	NOUN
cblr-2946	350	56	,	,	PUNCT
cblr-2946	350	57	that	that	ADV
cblr-2946	350	58	is	is	ADV
cblr-2946	350	59	,	,	PUNCT
cblr-2946	350	60	to	to	PART
cblr-2946	350	61	convey	convey	VERB
cblr-2946	350	62	regulatory	regulatory	ADJ
cblr-2946	350	63	advantages	advantage	NOUN
cblr-2946	350	64	to	to	ADP
cblr-2946	350	65	an	an	DET
cblr-2946	350	66	issuer	issuer	NOUN
cblr-2946	350	67	through	through	ADP
cblr-2946	350	68	the	the	DET
cblr-2946	350	69	provision	provision	NOUN
cblr-2946	350	70	of	of	ADP
cblr-2946	350	71	a	a	DET
cblr-2946	350	72	good	good	ADJ
cblr-2946	350	73	rating	rating	NOUN
cblr-2946	350	74	.	.	PUNCT
cblr-2946	351	1	7	7	NUM
cblr-2946	351	2	professor	professor	NOUN
cblr-2946	351	3	partnoy	partnoy	NOUN
cblr-2946	351	4	asserts	assert	VERB
cblr-2946	351	5	that	that	SCONJ
cblr-2946	351	6	nrsros	nrsro	NOUN
cblr-2946	351	7	are	be	AUX
cblr-2946	351	8	in	in	ADP
cblr-2946	351	9	the	the	DET
cblr-2946	351	10	"	"	PUNCT
cblr-2946	351	11	business	business	NOUN
cblr-2946	351	12	of	of	ADP
cblr-2946	351	13	selling	sell	VERB
cblr-2946	351	14	regulatory	regulatory	ADJ
cblr-2946	351	15	licenses	license	NOUN
cblr-2946	351	16	"	"	PUNCT
cblr-2946	351	17	and	and	CCONJ
cblr-2946	351	18	that	that	SCONJ
cblr-2946	351	19	ratings	rating	NOUN
cblr-2946	351	20	are	be	AUX
cblr-2946	351	21	essentially	essentially	ADV
cblr-2946	351	22	only	only	ADV
cblr-2946	351	23	valuable	valuable	ADJ
cblr-2946	351	24	because	because	SCONJ
cblr-2946	351	25	they	they	PRON
cblr-2946	351	26	reduce	reduce	VERB
cblr-2946	351	27	the	the	DET
cblr-2946	351	28	issuer	issuer	NOUN
cblr-2946	351	29	's	's	PART
cblr-2946	351	30	regulatory	regulatory	ADJ
cblr-2946	351	31	costs	cost	NOUN
cblr-2946	351	32	,	,	PUNCT
cblr-2946	351	33	not	not	PART
cblr-2946	351	34	because	because	SCONJ
cblr-2946	351	35	they	they	PRON
cblr-2946	351	36	are	be	AUX
cblr-2946	351	37	credible	credible	ADJ
cblr-2946	351	38	or	or	CCONJ
cblr-2946	351	39	accurate	accurate	ADJ
cblr-2946	351	40	.	.	PUNCT
cblr-2946	351	41	8	8	NUM
cblr-2946	351	42	while	while	SCONJ
cblr-2946	351	43	it	it	PRON
cblr-2946	351	44	is	be	AUX
cblr-2946	351	45	arguable	arguable	ADJ
cblr-2946	351	46	whether	whether	SCONJ
cblr-2946	351	47	nrsros	nrsro	NOUN
cblr-2946	351	48	only	only	ADV
cblr-2946	351	49	provide	provide	VERB
cblr-2946	351	50	value	value	NOUN
cblr-2946	351	51	through	through	ADP
cblr-2946	351	52	conferring	confer	VERB
cblr-2946	351	53	favorable	favorable	ADJ
cblr-2946	351	54	regulatory	regulatory	ADJ
cblr-2946	351	55	treatment	treatment	NOUN
cblr-2946	351	56	,	,	PUNCT
cblr-2946	351	57	the	the	DET
cblr-2946	351	58	extensive	extensive	ADJ
cblr-2946	351	59	use	use	NOUN
cblr-2946	351	60	of	of	ADP
cblr-2946	351	61	credit	credit	NOUN
cblr-2946	351	62	ratings	rating	NOUN
cblr-2946	351	63	in	in	ADP
cblr-2946	351	64	substantive	substantive	ADJ
cblr-2946	351	65	regulations	regulation	NOUN
cblr-2946	351	66	and	and	CCONJ
cblr-2946	351	67	the	the	DET
cblr-2946	351	68	practical	practical	ADJ
cblr-2946	351	69	necessity	necessity	NOUN
cblr-2946	351	70	those	those	DET
cblr-2946	351	71	regulations	regulation	NOUN
cblr-2946	351	72	may	may	AUX
cblr-2946	351	73	impose	impose	VERB
cblr-2946	351	74	on	on	ADP
cblr-2946	351	75	issuers	issuer	NOUN
cblr-2946	351	76	and	and	CCONJ
cblr-2946	351	77	investors	investor	NOUN
cblr-2946	351	78	to	to	PART
cblr-2946	351	79	rely	rely	VERB
cblr-2946	351	80	on	on	ADP
cblr-2946	351	81	credit	credit	NOUN
cblr-2946	351	82	ratings	rating	NOUN
cblr-2946	351	83	could	could	AUX
cblr-2946	351	84	very	very	ADV
cblr-2946	351	85	well	well	ADV
cblr-2946	351	86	skew	skew	VERB
cblr-2946	351	87	cra	cra	PROPN
cblr-2946	351	88	incentives	incentive	NOUN
cblr-2946	351	89	to	to	PART
cblr-2946	351	90	provide	provide	VERB
cblr-2946	351	91	high	high	ADJ
cblr-2946	351	92	-	-	PUNCT
cblr-2946	351	93	quality	quality	NOUN
cblr-2946	351	94	ratings	rating	NOUN
cblr-2946	351	95	.	.	PUNCT
cblr-2946	352	1	11	11	NUM
cblr-2946	352	2	'	'	PUNCT
cblr-2946	352	3	see	see	VERB
cblr-2946	352	4	partnoy	partnoy	NOUN
cblr-2946	352	5	,	,	PUNCT
cblr-2946	352	6	supra	supra	ADJ
cblr-2946	352	7	note	note	NOUN
cblr-2946	352	8	7	7	NUM
cblr-2946	352	9	,	,	PUNCT
cblr-2946	352	10	at	at	ADP
cblr-2946	352	11	690	690	NUM
cblr-2946	352	12	(	(	PUNCT
cblr-2946	352	13	stating	state	VERB
cblr-2946	352	14	that	that	SCONJ
cblr-2946	352	15	the	the	DET
cblr-2946	352	16	number	number	NOUN
cblr-2946	352	17	of	of	ADP
cblr-2946	352	18	rules	rule	NOUN
cblr-2946	352	19	,	,	PUNCT
cblr-2946	352	20	releases	release	NOUN
cblr-2946	352	21	,	,	PUNCT
cblr-2946	352	22	and	and	CCONJ
cblr-2946	352	23	regulations	regulation	NOUN
cblr-2946	352	24	that	that	PRON
cblr-2946	352	25	rely	rely	VERB
cblr-2946	352	26	on	on	ADP
cblr-2946	352	27	credit	credit	NOUN
cblr-2946	352	28	ratings	rating	NOUN
cblr-2946	352	29	is	be	AUX
cblr-2946	352	30	in	in	ADP
cblr-2946	352	31	the	the	DET
cblr-2946	352	32	hundreds	hundred	NOUN
cblr-2946	352	33	)	)	PUNCT
cblr-2946	352	34	;	;	PUNCT
cblr-2946	352	35	coffee	coffee	NOUN
cblr-2946	352	36	,	,	PUNCT
cblr-2946	352	37	supra	supra	PROPN
cblr-2946	352	38	note	note	NOUN
cblr-2946	352	39	7	7	NUM
cblr-2946	352	40	,	,	PUNCT
cblr-2946	352	41	at	at	ADP
cblr-2946	352	42	290	290	NUM
cblr-2946	352	43	(	(	PUNCT
cblr-2946	352	44	noting	note	VERB
cblr-2946	352	45	that	that	SCONJ
cblr-2946	352	46	regulations	regulation	NOUN
cblr-2946	352	47	incorporating	incorporate	VERB
cblr-2946	352	48	credit	credit	NOUN
cblr-2946	352	49	ratings	rating	NOUN
cblr-2946	352	50	affect	affect	VERB
cblr-2946	352	51	nearly	nearly	ADV
cblr-2946	352	52	all	all	PRON
cblr-2946	352	53	types	type	NOUN
cblr-2946	352	54	of	of	ADP
cblr-2946	352	55	institutional	institutional	ADJ
cblr-2946	352	56	investors	investor	NOUN
cblr-2946	352	57	)	)	PUNCT
cblr-2946	352	58	.	.	PUNCT
cblr-2946	353	1	"	"	PUNCT
cblr-2946	353	2	see	see	VERB
cblr-2946	353	3	coffee	coffee	NOUN
cblr-2946	353	4	,	,	PUNCT
cblr-2946	353	5	supra	supra	PROPN
cblr-2946	353	6	note	note	NOUN
cblr-2946	353	7	7	7	NUM
cblr-2946	353	8	,	,	PUNCT
cblr-2946	353	9	at	at	ADP
cblr-2946	353	10	291	291	NUM
cblr-2946	353	11	(	(	PUNCT
cblr-2946	353	12	noting	note	VERB
cblr-2946	353	13	that	that	SCONJ
cblr-2946	353	14	the	the	DET
cblr-2946	353	15	basel	basel	PROPN
cblr-2946	353	16	ii	ii	PROPN
cblr-2946	353	17	accords	accords	PROPN
cblr-2946	353	18	"	"	PUNCT
cblr-2946	353	19	place	place	VERB
cblr-2946	353	20	considerable	considerable	ADJ
cblr-2946	353	21	weight	weight	NOUN
cblr-2946	353	22	on	on	ADP
cblr-2946	353	23	the	the	DET
cblr-2946	353	24	credit	credit	NOUN
cblr-2946	353	25	ratings	rating	NOUN
cblr-2946	353	26	applicable	applicable	ADJ
cblr-2946	353	27	to	to	ADP
cblr-2946	353	28	each	each	DET
cblr-2946	353	29	bank	bank	NOUN
cblr-2946	353	30	's	's	PART
cblr-2946	353	31	investments	investment	NOUN
cblr-2946	353	32	"	"	PUNCT
cblr-2946	353	33	)	)	PUNCT
cblr-2946	353	34	.	.	PUNCT
cblr-2946	354	1	under	under	ADP
cblr-2946	354	2	basel	basel	PROPN
cblr-2946	354	3	ii	ii	PROPN
cblr-2946	354	4	regulations	regulation	NOUN
cblr-2946	354	5	,	,	PUNCT
cblr-2946	354	6	banks	bank	NOUN
cblr-2946	354	7	holding	hold	VERB
cblr-2946	354	8	aaa	aaa	NOUN
cblr-2946	354	9	assets	asset	NOUN
cblr-2946	354	10	may	may	AUX
cblr-2946	354	11	keep	keep	VERB
cblr-2946	354	12	less	less	ADJ
cblr-2946	354	13	capital	capital	NOUN
cblr-2946	354	14	relative	relative	ADJ
cblr-2946	354	15	to	to	ADP
cblr-2946	354	16	how	how	SCONJ
cblr-2946	354	17	much	much	ADJ
cblr-2946	354	18	they	they	PRON
cblr-2946	354	19	are	be	AUX
cblr-2946	354	20	lending	lend	VERB
cblr-2946	354	21	.	.	PUNCT
cblr-2946	355	1	aaasking	aaaske	VERB
cblr-2946	355	2	for	for	ADP
cblr-2946	355	3	trouble	trouble	NOUN
cblr-2946	355	4	,	,	PUNCT
cblr-2946	355	5	economist	economist	NOUN
cblr-2946	355	6	,	,	PUNCT
cblr-2946	355	7	july	july	PROPN
cblr-2946	355	8	14	14	NUM
cblr-2946	355	9	,	,	PUNCT
cblr-2946	355	10	2007	2007	NUM
cblr-2946	355	11	.	.	PUNCT
cblr-2946	356	1	96	96	NUM
cblr-2946	356	2	see	see	VERB
cblr-2946	356	3	generally	generally	ADV
cblr-2946	356	4	partnoy	partnoy	ADJ
cblr-2946	356	5	,	,	PUNCT
cblr-2946	356	6	supra	supra	ADJ
cblr-2946	356	7	note	note	NOUN
cblr-2946	356	8	7	7	NUM
cblr-2946	356	9	,	,	PUNCT
cblr-2946	356	10	at	at	ADP
cblr-2946	356	11	623	623	NUM
cblr-2946	356	12	,	,	PUNCT
cblr-2946	356	13	681	681	NUM
cblr-2946	356	14	-	-	SYM
cblr-2946	356	15	703	703	NUM
cblr-2946	356	16	(	(	PUNCT
cblr-2946	356	17	outlining	outline	VERB
cblr-2946	356	18	his	his	PRON
cblr-2946	356	19	"	"	PUNCT
cblr-2946	356	20	regulatory	regulatory	ADJ
cblr-2946	356	21	license	license	NOUN
cblr-2946	356	22	"	"	PUNCT
cblr-2946	356	23	view	view	NOUN
cblr-2946	356	24	of	of	ADP
cblr-2946	356	25	rating	rating	NOUN
cblr-2946	356	26	agencies	agency	NOUN
cblr-2946	356	27	)	)	PUNCT
cblr-2946	356	28	.	.	PUNCT
cblr-2946	357	1	97	97	NUM
cblr-2946	358	1	i	i	PRON
cblr-2946	358	2	d.	d.	PROPN
cblr-2946	358	3	at	at	ADP
cblr-2946	358	4	623	623	NUM
cblr-2946	358	5	,	,	PUNCT
cblr-2946	358	6	681	681	NUM
cblr-2946	358	7	.	.	NUM
cblr-2946	359	1	98	98	NUM
cblr-2946	360	1	i	i	PROPN
cblr-2946	360	2	d.	d.	PROPN
cblr-2946	360	3	'	'	PART
cblr-2946	360	4	hill	hill	PROPN
cblr-2946	360	5	,	,	PUNCT
cblr-2946	360	6	supra	supra	PROPN
cblr-2946	360	7	note	note	PROPN
cblr-2946	360	8	7	7	NUM
cblr-2946	360	9	,	,	PUNCT
cblr-2946	360	10	at	at	ADP
cblr-2946	360	11	64	64	NUM
cblr-2946	360	12	-	-	SYM
cblr-2946	360	13	66	66	NUM
cblr-2946	360	14	argues	argue	VERB
cblr-2946	360	15	that	that	SCONJ
cblr-2946	360	16	professor	professor	NOUN
cblr-2946	360	17	partnoy	partnoy	NOUN
cblr-2946	360	18	overstates	overstate	VERB
cblr-2946	360	19	the	the	DET
cblr-2946	360	20	case	case	NOUN
cblr-2946	360	21	that	that	SCONJ
cblr-2946	360	22	ratings	rating	NOUN
cblr-2946	360	23	serve	serve	VERB
cblr-2946	360	24	only	only	ADV
cblr-2946	360	25	to	to	PART
cblr-2946	360	26	provide	provide	VERB
cblr-2946	360	27	favorable	favorable	ADJ
cblr-2946	360	28	regulatory	regulatory	ADJ
cblr-2946	360	29	treatment	treatment	NOUN
cblr-2946	360	30	.	.	PUNCT
cblr-2946	361	1	she	she	PRON
cblr-2946	361	2	does	do	AUX
cblr-2946	361	3	,	,	PUNCT
cblr-2946	361	4	however	however	ADV
cblr-2946	361	5	,	,	PUNCT
cblr-2946	361	6	note	note	VERB
cblr-2946	361	7	that	that	SCONJ
cblr-2946	361	8	there	there	PRON
cblr-2946	361	9	is	be	VERB
cblr-2946	361	10	one	one	NUM
cblr-2946	361	11	specific	specific	ADJ
cblr-2946	361	12	exception	exception	NOUN
cblr-2946	361	13	where	where	SCONJ
cblr-2946	361	14	ratings	rating	NOUN
cblr-2946	361	15	may	may	AUX
cblr-2946	361	16	only	only	ADV
cblr-2946	361	17	serve	serve	VERB
cblr-2946	361	18	to	to	PART
cblr-2946	361	19	provide	provide	VERB
cblr-2946	361	20	regulatory	regulatory	ADJ
cblr-2946	361	21	benefits	benefit	NOUN
cblr-2946	361	22	:	:	PUNCT
cblr-2946	361	23	"	"	PUNCT
cblr-2946	361	24	a	a	DET
cblr-2946	361	25	structured	structured	ADJ
cblr-2946	361	26	finance	finance	NOUN
cblr-2946	361	27	deal	deal	NOUN
cblr-2946	362	1	[	[	X
cblr-2946	362	2	vol	vol	NOUN
cblr-2946	362	3	.	.	PUNCT
cblr-2946	363	1	2009col	2009col	NUM
cblr-2946	363	2	umia	umia	NOUN
cblr-2946	363	3	b	b	PROPN
cblr-2946	363	4	usiness	usiness	NOUN
cblr-2946	363	5	la	la	PROPN
cblr-2946	363	6	w	w	PROPN
cblr-2946	363	7	re	re	PROPN
cblr-2946	363	8	vie	vie	PROPN
cblr-2946	363	9	w	w	PROPN
cblr-2946	364	1	no	no	PROPN
cblr-2946	364	2	.	.	PUNCT
cblr-2946	365	1	2:605	2:605	NUM
cblr-2946	365	2	]	]	X
cblr-2946	365	3	credit	credit	NOUN
cblr-2946	365	4	rating	rating	NOUN
cblr-2946	365	5	agencies	agency	NOUN
cblr-2946	365	6	and	and	CCONJ
cblr-2946	365	7	the	the	DET
cblr-2946	365	8	credit	credit	NOUN
cblr-2946	365	9	crisis	crisis	NOUN
cblr-2946	365	10	627	627	NUM
cblr-2946	365	11	because	because	SCONJ
cblr-2946	365	12	nrsro	nrsro	ADJ
cblr-2946	365	13	ratings	rating	NOUN
cblr-2946	365	14	(	(	PUNCT
cblr-2946	365	15	and	and	CCONJ
cblr-2946	365	16	in	in	ADP
cblr-2946	365	17	particular	particular	ADJ
cblr-2946	365	18	,	,	PUNCT
cblr-2946	365	19	investment	investment	NOUN
cblr-2946	365	20	grade	grade	NOUN
cblr-2946	365	21	ratings	rating	NOUN
cblr-2946	365	22	)	)	PUNCT
cblr-2946	365	23	may	may	AUX
cblr-2946	365	24	reduce	reduce	VERB
cblr-2946	365	25	regulatory	regulatory	ADJ
cblr-2946	365	26	transaction	transaction	NOUN
cblr-2946	365	27	costs	cost	NOUN
cblr-2946	365	28	for	for	ADP
cblr-2946	365	29	issuers	issuer	NOUN
cblr-2946	365	30	and	and	CCONJ
cblr-2946	365	31	may	may	AUX
cblr-2946	365	32	be	be	AUX
cblr-2946	365	33	necessary	necessary	ADJ
cblr-2946	365	34	for	for	SCONJ
cblr-2946	365	35	certain	certain	ADJ
cblr-2946	365	36	investors	investor	NOUN
cblr-2946	365	37	to	to	PART
cblr-2946	365	38	purchase	purchase	VERB
cblr-2946	365	39	a	a	DET
cblr-2946	365	40	given	give	VERB
cblr-2946	365	41	security	security	NOUN
cblr-2946	365	42	,	,	PUNCT
cblr-2946	365	43	those	those	DET
cblr-2946	365	44	cras	cras	X
cblr-2946	365	45	with	with	ADP
cblr-2946	365	46	the	the	DET
cblr-2946	365	47	nrsro	nrsro	ADJ
cblr-2946	365	48	designation	designation	NOUN
cblr-2946	365	49	might	might	AUX
cblr-2946	365	50	choose	choose	VERB
cblr-2946	365	51	to	to	PART
cblr-2946	365	52	sacrifice	sacrifice	VERB
cblr-2946	365	53	quality	quality	NOUN
cblr-2946	365	54	(	(	PUNCT
cblr-2946	365	55	in	in	ADP
cblr-2946	365	56	the	the	DET
cblr-2946	365	57	form	form	NOUN
cblr-2946	365	58	of	of	ADP
cblr-2946	365	59	an	an	DET
cblr-2946	365	60	accurate	accurate	ADJ
cblr-2946	365	61	rating	rating	NOUN
cblr-2946	365	62	)	)	PUNCT
cblr-2946	365	63	in	in	ADP
cblr-2946	365	64	favor	favor	NOUN
cblr-2946	365	65	of	of	ADP
cblr-2946	365	66	producing	produce	VERB
cblr-2946	365	67	inflated	inflated	ADJ
cblr-2946	365	68	ratings	rating	NOUN
cblr-2946	365	69	since	since	SCONJ
cblr-2946	365	70	investors	investor	NOUN
cblr-2946	365	71	and	and	CCONJ
cblr-2946	365	72	issuers	issuer	NOUN
cblr-2946	365	73	alike	alike	ADV
cblr-2946	365	74	need	need	VERB
cblr-2946	365	75	ratings	rating	NOUN
cblr-2946	365	76	from	from	ADP
cblr-2946	365	77	nrsros	nrsro	NOUN
cblr-2946	365	78	and	and	CCONJ
cblr-2946	365	79	have	have	VERB
cblr-2946	365	80	few	few	ADJ
cblr-2946	365	81	sources	source	NOUN
cblr-2946	365	82	from	from	ADP
cblr-2946	365	83	whom	whom	PRON
cblr-2946	365	84	they	they	PRON
cblr-2946	365	85	can	can	AUX
cblr-2946	365	86	purchase	purchase	VERB
cblr-2946	365	87	these	these	DET
cblr-2946	365	88	ratings	rating	NOUN
cblr-2946	365	89	.	.	PUNCT
cblr-2946	366	1	100	100	NUM
cblr-2946	366	2	moreover	moreover	ADV
cblr-2946	366	3	,	,	PUNCT
cblr-2946	366	4	investors	investor	NOUN
cblr-2946	366	5	and	and	CCONJ
cblr-2946	366	6	issuers	issuer	NOUN
cblr-2946	366	7	might	might	AUX
cblr-2946	366	8	actually	actually	ADV
cblr-2946	366	9	prefer	prefer	VERB
cblr-2946	366	10	a	a	DET
cblr-2946	366	11	higher	high	ADJ
cblr-2946	366	12	rating	rating	NOUN
cblr-2946	366	13	to	to	ADP
cblr-2946	366	14	a	a	DET
cblr-2946	366	15	more	more	ADV
cblr-2946	366	16	conservative	conservative	ADJ
cblr-2946	366	17	one	one	NOUN
cblr-2946	366	18	because	because	SCONJ
cblr-2946	366	19	they	they	PRON
cblr-2946	366	20	can	can	AUX
cblr-2946	366	21	only	only	ADV
cblr-2946	366	22	reap	reap	VERB
cblr-2946	366	23	regulatory	regulatory	ADJ
cblr-2946	366	24	benefits	benefit	NOUN
cblr-2946	366	25	if	if	SCONJ
cblr-2946	366	26	the	the	DET
cblr-2946	366	27	credit	credit	NOUN
cblr-2946	366	28	rating	rating	NOUN
cblr-2946	366	29	is	be	AUX
cblr-2946	366	30	high	high	ADJ
cblr-2946	366	31	enough	enough	ADV
cblr-2946	366	32	to	to	PART
cblr-2946	366	33	qualify	qualify	VERB
cblr-2946	366	34	for	for	ADP
cblr-2946	366	35	preferred	preferred	ADJ
cblr-2946	366	36	regulatory	regulatory	ADJ
cblr-2946	366	37	treatment	treatment	NOUN
cblr-2946	366	38	.	.	PUNCT
cblr-2946	367	1	"1	"1	NOUN
cblr-2946	367	2	while	while	SCONJ
cblr-2946	367	3	the	the	DET
cblr-2946	367	4	sec	sec	PROPN
cblr-2946	367	5	has	have	AUX
cblr-2946	367	6	proposed	propose	VERB
cblr-2946	367	7	new	new	ADJ
cblr-2946	367	8	rules	rule	NOUN
cblr-2946	367	9	to	to	PART
cblr-2946	367	10	reduce	reduce	VERB
cblr-2946	367	11	reliance	reliance	NOUN
cblr-2946	367	12	on	on	ADP
cblr-2946	367	13	credit	credit	NOUN
cblr-2946	367	14	ratings	rating	NOUN
cblr-2946	367	15	in	in	ADP
cblr-2946	367	16	its	its	PRON
cblr-2946	367	17	rules	rule	NOUN
cblr-2946	367	18	and	and	CCONJ
cblr-2946	367	19	forms	form	NOUN
cblr-2946	367	20	,	,	PUNCT
cblr-2946	367	21	it	it	PRON
cblr-2946	367	22	appears	appear	VERB
cblr-2946	367	23	unlikely	unlikely	ADJ
cblr-2946	367	24	that	that	SCONJ
cblr-2946	367	25	the	the	DET
cblr-2946	367	26	systematic	systematic	ADJ
cblr-2946	367	27	use	use	NOUN
cblr-2946	367	28	of	of	ADP
cblr-2946	367	29	credit	credit	NOUN
cblr-2946	367	30	ratings	rating	NOUN
cblr-2946	367	31	in	in	ADP
cblr-2946	367	32	substantive	substantive	ADJ
cblr-2946	367	33	regulation	regulation	NOUN
cblr-2946	367	34	will	will	AUX
cblr-2946	367	35	ameliorate	ameliorate	VERB
cblr-2946	367	36	in	in	ADP
cblr-2946	367	37	the	the	DET
cblr-2946	367	38	near	near	ADJ
cblr-2946	367	39	-	-	PUNCT
cblr-2946	367	40	term	term	NOUN
cblr-2946	367	41	since	since	SCONJ
cblr-2946	367	42	credit	credit	NOUN
cblr-2946	367	43	ratings	rating	NOUN
cblr-2946	367	44	are	be	AUX
cblr-2946	367	45	incorporated	incorporate	VERB
cblr-2946	367	46	into	into	ADP
cblr-2946	367	47	many	many	ADJ
cblr-2946	367	48	rules	rule	NOUN
cblr-2946	367	49	and	and	CCONJ
cblr-2946	367	50	regulations	regulation	NOUN
cblr-2946	367	51	extending	extend	VERB
cblr-2946	367	52	beyond	beyond	ADP
cblr-2946	367	53	the	the	DET
cblr-2946	367	54	sec.0	sec.0	PROPN
cblr-2946	367	55	2	2	NUM
cblr-2946	367	56	structured	structure	VERB
cblr-2946	367	57	for	for	ADP
cblr-2946	367	58	a	a	DET
cblr-2946	367	59	particular	particular	ADJ
cblr-2946	367	60	investor	investor	NOUN
cblr-2946	367	61	who	who	PRON
cblr-2946	367	62	is	be	AUX
cblr-2946	367	63	studying	study	VERB
cblr-2946	367	64	the	the	DET
cblr-2946	367	65	deal	deal	NOUN
cblr-2946	367	66	closely	closely	ADV
cblr-2946	367	67	.	.	PUNCT
cblr-2946	368	1	the	the	DET
cblr-2946	368	2	investor	investor	NOUN
cblr-2946	368	3	may	may	AUX
cblr-2946	368	4	not	not	PART
cblr-2946	368	5	need	need	VERB
cblr-2946	368	6	any	any	DET
cblr-2946	368	7	information	information	NOUN
cblr-2946	368	8	about	about	ADP
cblr-2946	368	9	the	the	DET
cblr-2946	368	10	deal	deal	NOUN
cblr-2946	368	11	,	,	PUNCT
cblr-2946	368	12	and	and	CCONJ
cblr-2946	368	13	may	may	AUX
cblr-2946	368	14	not	not	PART
cblr-2946	368	15	even	even	ADV
cblr-2946	368	16	be	be	AUX
cblr-2946	368	17	subject	subject	ADJ
cblr-2946	368	18	to	to	ADP
cblr-2946	368	19	guidelines	guideline	NOUN
cblr-2946	368	20	that	that	PRON
cblr-2946	368	21	require	require	VERB
cblr-2946	368	22	him	he	PRON
cblr-2946	368	23	to	to	PART
cblr-2946	368	24	buy	buy	VERB
cblr-2946	368	25	highly	highly	ADV
cblr-2946	368	26	rated	rate	VERB
cblr-2946	368	27	instruments	instrument	NOUN
cblr-2946	368	28	;	;	PUNCT
cblr-2946	368	29	he	he	PRON
cblr-2946	368	30	may	may	AUX
cblr-2946	368	31	just	just	ADV
cblr-2946	368	32	be	be	AUX
cblr-2946	368	33	buying	buy	VERB
cblr-2946	368	34	the	the	DET
cblr-2946	368	35	favorable	favorable	ADJ
cblr-2946	368	36	regulatory	regulatory	ADJ
cblr-2946	368	37	treatment	treatment	NOUN
cblr-2946	368	38	.	.	PUNCT
cblr-2946	368	39	"	"	PUNCT
cblr-2946	369	1	i	i	PRON
cblr-2946	369	2	d.	d.	PROPN
cblr-2946	369	3	at	at	ADP
cblr-2946	369	4	66	66	NUM
cblr-2946	369	5	&	&	CCONJ
cblr-2946	369	6	n.114	n.114	PROPN
cblr-2946	369	7	.	.	PROPN
cblr-2946	369	8	100	100	NUM
cblr-2946	369	9	see	see	VERB
cblr-2946	369	10	,	,	PUNCT
cblr-2946	369	11	e.g.	e.g.	ADV
cblr-2946	369	12	,	,	PUNCT
cblr-2946	369	13	part	part	NOUN
cblr-2946	369	14	ii.b.3	ii.b.3	NOUN
cblr-2946	369	15	,	,	PUNCT
cblr-2946	369	16	supra	supra	NOUN
cblr-2946	369	17	(	(	PUNCT
cblr-2946	369	18	discussing	discuss	VERB
cblr-2946	369	19	how	how	SCONJ
cblr-2946	369	20	ratings	rating	NOUN
cblr-2946	369	21	were	be	AUX
cblr-2946	369	22	critical	critical	ADJ
cblr-2946	369	23	to	to	ADP
cblr-2946	369	24	the	the	DET
cblr-2946	369	25	growth	growth	NOUN
cblr-2946	369	26	of	of	ADP
cblr-2946	369	27	subprime	subprime	ADJ
cblr-2946	369	28	rmbs	rmb	NOUN
cblr-2946	369	29	and	and	CCONJ
cblr-2946	369	30	subprime	subprime	ADV
cblr-2946	369	31	-	-	PUNCT
cblr-2946	369	32	backed	back	VERB
cblr-2946	369	33	cdos	cdo	NOUN
cblr-2946	369	34	)	)	PUNCT
cblr-2946	369	35	;	;	PUNCT
cblr-2946	369	36	see	see	VERB
cblr-2946	369	37	also	also	ADV
cblr-2946	369	38	supra	supra	ADJ
cblr-2946	369	39	part	part	NOUN
cblr-2946	369	40	ii.a	ii.a	PROPN
cblr-2946	369	41	(	(	PUNCT
cblr-2946	369	42	discussing	discuss	VERB
cblr-2946	369	43	historical	historical	ADJ
cblr-2946	369	44	dominance	dominance	NOUN
cblr-2946	369	45	of	of	ADP
cblr-2946	369	46	the	the	DET
cblr-2946	369	47	big	big	ADJ
cblr-2946	369	48	three	three	NUM
cblr-2946	369	49	cras	cra	NOUN
cblr-2946	369	50	)	)	PUNCT
cblr-2946	369	51	.	.	PUNCT
cblr-2946	370	1	101	101	NUM
cblr-2946	370	2	some	some	DET
cblr-2946	370	3	academics	academic	NOUN
cblr-2946	370	4	and	and	CCONJ
cblr-2946	370	5	commentators	commentator	NOUN
cblr-2946	370	6	have	have	AUX
cblr-2946	370	7	noted	note	VERB
cblr-2946	370	8	that	that	SCONJ
cblr-2946	370	9	no	no	DET
cblr-2946	370	10	constituency	constituency	NOUN
cblr-2946	370	11	actually	actually	ADV
cblr-2946	370	12	prefers	prefer	VERB
cblr-2946	370	13	conservative	conservative	ADJ
cblr-2946	370	14	ratings	rating	NOUN
cblr-2946	370	15	,	,	PUNCT
cblr-2946	370	16	particularly	particularly	ADV
cblr-2946	370	17	ratings	rating	NOUN
cblr-2946	370	18	downgrades	downgrade	NOUN
cblr-2946	370	19	.	.	PUNCT
cblr-2946	371	1	see	see	VERB
cblr-2946	371	2	,	,	PUNCT
cblr-2946	371	3	e.g.	e.g.	ADV
cblr-2946	371	4	,	,	PUNCT
cblr-2946	371	5	coffee	coffee	NOUN
cblr-2946	371	6	,	,	PUNCT
cblr-2946	371	7	supra	supra	PROPN
cblr-2946	371	8	note	note	NOUN
cblr-2946	371	9	2	2	NUM
cblr-2946	371	10	(	(	PUNCT
cblr-2946	371	11	"	"	PUNCT
cblr-2946	371	12	in	in	ADP
cblr-2946	371	13	truth	truth	NOUN
cblr-2946	371	14	,	,	PUNCT
cblr-2946	371	15	no	no	DET
cblr-2946	371	16	one	one	NOUN
cblr-2946	371	17	likes	like	VERB
cblr-2946	371	18	a	a	DET
cblr-2946	371	19	tough	tough	ADJ
cblr-2946	371	20	,	,	PUNCT
cblr-2946	371	21	objective	objective	ADJ
cblr-2946	371	22	rater	rater	NOUN
cblr-2946	371	23	-	-	PUNCT
cblr-2946	371	24	not	not	PART
cblr-2946	371	25	the	the	DET
cblr-2946	371	26	issuer	issuer	NOUN
cblr-2946	371	27	that	that	PRON
cblr-2946	371	28	pays	pay	VERB
cblr-2946	371	29	for	for	ADP
cblr-2946	371	30	it	it	PRON
cblr-2946	371	31	,	,	PUNCT
cblr-2946	371	32	nor	nor	CCONJ
cblr-2946	371	33	the	the	DET
cblr-2946	371	34	institutions	institution	NOUN
cblr-2946	371	35	that	that	PRON
cblr-2946	371	36	hold	hold	VERB
cblr-2946	371	37	portfolios	portfolio	NOUN
cblr-2946	371	38	of	of	ADP
cblr-2946	371	39	investment	investment	NOUN
cblr-2946	371	40	grade	grade	NOUN
cblr-2946	371	41	debt	debt	NOUN
cblr-2946	371	42	that	that	PRON
cblr-2946	371	43	will	will	AUX
cblr-2946	371	44	be	be	AUX
cblr-2946	371	45	devastated	devastate	VERB
cblr-2946	371	46	by	by	ADP
cblr-2946	371	47	a	a	DET
cblr-2946	371	48	ratings	rating	NOUN
cblr-2946	371	49	downgrade	downgrade	NOUN
cblr-2946	371	50	.	.	PUNCT
cblr-2946	371	51	"	"	PUNCT
cblr-2946	371	52	)	)	PUNCT
cblr-2946	371	53	.	.	PUNCT
cblr-2946	372	1	112	112	NUM
cblr-2946	372	2	references	reference	NOUN
cblr-2946	372	3	to	to	ADP
cblr-2946	372	4	ratings	rating	NOUN
cblr-2946	372	5	of	of	ADP
cblr-2946	372	6	nationally	nationally	ADV
cblr-2946	372	7	recognized	recognize	VERB
cblr-2946	372	8	statistical	statistical	ADJ
cblr-2946	372	9	rating	rating	NOUN
cblr-2946	372	10	organizations	organization	NOUN
cblr-2946	372	11	,	,	PUNCT
cblr-2946	372	12	exchange	exchange	NOUN
cblr-2946	372	13	act	act	NOUN
cblr-2946	372	14	release	release	VERB
cblr-2946	372	15	no	no	NOUN
cblr-2946	372	16	.	.	NOUN
cblr-2946	372	17	58,070	58,070	NUM
cblr-2946	372	18	,	,	PUNCT
cblr-2946	372	19	2008	2008	NUM
cblr-2946	372	20	sec	sec	PROPN
cblr-2946	372	21	lexis	lexis	NOUN
cblr-2946	372	22	1518	1518	NUM
cblr-2946	372	23	(	(	PUNCT
cblr-2946	372	24	july	july	PROPN
cblr-2946	372	25	1	1	NUM
cblr-2946	372	26	,	,	PUNCT
cblr-2946	372	27	2008	2008	NUM
cblr-2946	372	28	)	)	PUNCT
cblr-2946	372	29	;	;	PUNCT
cblr-2946	372	30	security	security	NOUN
cblr-2946	372	31	ratings	rating	NOUN
cblr-2946	372	32	,	,	PUNCT
cblr-2946	372	33	securities	security	NOUN
cblr-2946	372	34	act	act	NOUN
cblr-2946	372	35	release	release	VERB
cblr-2946	372	36	no	no	DET
cblr-2946	372	37	.	.	NOUN
cblr-2946	372	38	8940	8940	NUM
cblr-2946	372	39	,	,	PUNCT
cblr-2946	372	40	exchange	exchange	NOUN
cblr-2946	372	41	act	act	NOUN
cblr-2946	372	42	release	release	VERB
cblr-2946	372	43	no	no	NOUN
cblr-2946	372	44	.	.	NOUN
cblr-2946	372	45	58,071	58,071	NUM
cblr-2946	372	46	,	,	PUNCT
cblr-2946	372	47	2008	2008	NUM
cblr-2946	372	48	sec	sec	PROPN
cblr-2946	372	49	lexis	lexis	NOUN
cblr-2946	372	50	1510	1510	NUM
cblr-2946	372	51	(	(	PUNCT
cblr-2946	372	52	july	july	PROPN
cblr-2946	372	53	1	1	NUM
cblr-2946	372	54	,	,	PUNCT
cblr-2946	372	55	2008	2008	NUM
cblr-2946	372	56	)	)	PUNCT
cblr-2946	372	57	;	;	PUNCT
cblr-2946	372	58	references	reference	NOUN
cblr-2946	372	59	to	to	ADP
cblr-2946	372	60	ratings	rating	NOUN
cblr-2946	372	61	of	of	ADP
cblr-2946	372	62	nationally	nationally	ADV
cblr-2946	372	63	recognized	recognize	VERB
cblr-2946	372	64	statistical	statistical	ADJ
cblr-2946	372	65	rating	rating	NOUN
cblr-2946	372	66	organizations	organization	NOUN
cblr-2946	372	67	,	,	PUNCT
cblr-2946	372	68	investment	investment	NOUN
cblr-2946	372	69	company	company	NOUN
cblr-2946	372	70	act	act	AUX
cblr-2946	372	71	release	release	VERB
cblr-2946	372	72	no	no	NOUN
cblr-2946	372	73	.	.	NOUN
cblr-2946	372	74	28,327	28,327	NUM
cblr-2946	372	75	,	,	PUNCT
cblr-2946	372	76	2008	2008	NUM
cblr-2946	372	77	sec	sec	PROPN
cblr-2946	372	78	lexis	lexis	NOUN
cblr-2946	372	79	1519	1519	NUM
cblr-2946	372	80	(	(	PUNCT
cblr-2946	372	81	july	july	PROPN
cblr-2946	372	82	1	1	NUM
cblr-2946	372	83	,	,	PUNCT
cblr-2946	372	84	2008	2008	NUM
cblr-2946	372	85	)	)	PUNCT
cblr-2946	373	1	[	[	X
cblr-2946	373	2	hereinafter	hereinafter	NOUN
cblr-2946	373	3	sec	sec	PROPN
cblr-2946	373	4	july	july	PROPN
cblr-2946	373	5	2008	2008	NUM
cblr-2946	373	6	proposed	propose	VERB
cblr-2946	373	7	amendments	amendment	NOUN
cblr-2946	373	8	]	]	PUNCT
cblr-2946	373	9	(	(	PUNCT
cblr-2946	373	10	all	all	PRON
cblr-2946	373	11	outlining	outline	VERB
cblr-2946	373	12	proposed	propose	VERB
cblr-2946	373	13	amendments	amendment	NOUN
cblr-2946	373	14	to	to	ADP
cblr-2946	373	15	sec	sec	PROPN
cblr-2946	373	16	regulations	regulation	NOUN
cblr-2946	373	17	intended	intend	VERB
cblr-2946	373	18	to	to	PART
cblr-2946	373	19	reduce	reduce	VERB
cblr-2946	373	20	reliance	reliance	NOUN
cblr-2946	373	21	on	on	ADP
cblr-2946	373	22	nrsro	nrsro	ADJ
cblr-2946	373	23	ratings	rating	NOUN
cblr-2946	373	24	in	in	ADP
cblr-2946	373	25	sec	sec	PROPN
cblr-2946	373	26	rules	rule	NOUN
cblr-2946	373	27	and	and	CCONJ
cblr-2946	373	28	forms	form	NOUN
cblr-2946	373	29	)	)	PUNCT
cblr-2946	373	30	;	;	PUNCT
cblr-2946	373	31	see	see	VERB
cblr-2946	373	32	also	also	ADV
cblr-2946	373	33	hunt	hunt	NOUN
cblr-2946	373	34	,	,	PUNCT
cblr-2946	373	35	supra	supra	PROPN
cblr-2946	373	36	note	note	NOUN
cblr-2946	373	37	3	3	NUM
cblr-2946	373	38	,	,	PUNCT
cblr-2946	373	39	at	at	ADP
cblr-2946	373	40	151	151	NUM
cblr-2946	373	41	(	(	PUNCT
cblr-2946	373	42	explaining	explain	VERB
cblr-2946	373	43	that	that	SCONJ
cblr-2946	373	44	credit	credit	NOUN
cblr-2946	373	45	ratings	rating	NOUN
cblr-2946	373	46	are	be	AUX
cblr-2946	373	47	also	also	ADV
cblr-2946	373	48	columbia	columbia	PROPN
cblr-2946	373	49	business	business	PROPN
cblr-2946	373	50	la	la	PROPN
cblr-2946	373	51	w	w	PROPN
cblr-2946	373	52	review	review	PROPN
cblr-2946	373	53	2	2	NUM
cblr-2946	373	54	.	.	PUNCT
cblr-2946	373	55	lack	lack	NOUN
cblr-2946	373	56	of	of	ADP
cblr-2946	373	57	transparency	transparency	NOUN
cblr-2946	373	58	in	in	ADP
cblr-2946	373	59	ratings	rating	NOUN
cblr-2946	373	60	process	process	NOUN
cblr-2946	373	61	regulators	regulator	NOUN
cblr-2946	373	62	and	and	CCONJ
cblr-2946	373	63	commentators	commentator	NOUN
cblr-2946	373	64	have	have	AUX
cblr-2946	373	65	also	also	ADV
cblr-2946	373	66	criticized	criticize	VERB
cblr-2946	373	67	the	the	DET
cblr-2946	373	68	cra	cra	PROPN
cblr-2946	373	69	market	market	NOUN
cblr-2946	373	70	for	for	ADP
cblr-2946	373	71	a	a	DET
cblr-2946	373	72	lack	lack	NOUN
cblr-2946	373	73	of	of	ADP
cblr-2946	373	74	transparency	transparency	NOUN
cblr-2946	373	75	.	.	PUNCT
cblr-2946	374	1	10	10	NUM
cblr-2946	374	2	3	3	NUM
cblr-2946	374	3	one	one	NUM
cblr-2946	374	4	scholar	scholar	NOUN
cblr-2946	374	5	has	have	AUX
cblr-2946	374	6	categorized	categorize	VERB
cblr-2946	374	7	transparency	transparency	NOUN
cblr-2946	374	8	issues	issue	NOUN
cblr-2946	374	9	as	as	ADP
cblr-2946	374	10	arising	arise	VERB
cblr-2946	374	11	in	in	ADP
cblr-2946	374	12	two	two	NUM
cblr-2946	374	13	distinct	distinct	ADJ
cblr-2946	374	14	areas	area	NOUN
cblr-2946	374	15	.	.	PUNCT
cblr-2946	375	1	first	first	ADV
cblr-2946	375	2	,	,	PUNCT
cblr-2946	375	3	the	the	DET
cblr-2946	375	4	industry	industry	NOUN
cblr-2946	375	5	suffers	suffer	VERB
cblr-2946	375	6	from	from	ADP
cblr-2946	375	7	insufficient	insufficient	ADJ
cblr-2946	375	8	methodological	methodological	ADJ
cblr-2946	375	9	transparency	transparency	NOUN
cblr-2946	375	10	,	,	PUNCT
cblr-2946	375	11	meaning	mean	VERB
cblr-2946	375	12	that	that	SCONJ
cblr-2946	375	13	the	the	DET
cblr-2946	375	14	cras	cra	NOUN
cblr-2946	375	15	do	do	AUX
cblr-2946	375	16	not	not	PART
cblr-2946	375	17	provide	provide	VERB
cblr-2946	375	18	enough	enough	ADJ
cblr-2946	375	19	information	information	NOUN
cblr-2946	375	20	about	about	ADP
cblr-2946	375	21	their	their	PRON
cblr-2946	375	22	rating	rating	NOUN
cblr-2946	375	23	procedures	procedure	NOUN
cblr-2946	375	24	and	and	CCONJ
cblr-2946	375	25	methodologies	methodology	NOUN
cblr-2946	375	26	for	for	SCONJ
cblr-2946	375	27	an	an	DET
cblr-2946	375	28	outsider	outsider	NOUN
cblr-2946	375	29	to	to	PART
cblr-2946	375	30	know	know	VERB
cblr-2946	375	31	just	just	ADV
cblr-2946	375	32	how	how	SCONJ
cblr-2946	375	33	an	an	DET
cblr-2946	375	34	agency	agency	NOUN
cblr-2946	375	35	determined	determine	VERB
cblr-2946	375	36	a	a	DET
cblr-2946	375	37	given	give	VERB
cblr-2946	375	38	rating	rating	NOUN
cblr-2946	375	39	.	.	PUNCT
cblr-2946	375	40	'	'	PUNCT
cblr-2946	376	1	second	second	ADJ
cblr-2946	376	2	,	,	PUNCT
cblr-2946	376	3	cras	cra	NOUN
cblr-2946	376	4	provide	provide	VERB
cblr-2946	376	5	insufficient	insufficient	ADJ
cblr-2946	376	6	information	information	NOUN
cblr-2946	376	7	on	on	ADP
cblr-2946	376	8	performance	performance	NOUN
cblr-2946	376	9	,	,	PUNCT
cblr-2946	376	10	making	make	VERB
cblr-2946	376	11	it	it	PRON
cblr-2946	376	12	difficult	difficult	ADJ
cblr-2946	376	13	for	for	SCONJ
cblr-2946	376	14	an	an	DET
cblr-2946	376	15	outsider	outsider	NOUN
cblr-2946	376	16	to	to	PART
cblr-2946	376	17	clearly	clearly	ADV
cblr-2946	376	18	evaluate	evaluate	VERB
cblr-2946	376	19	the	the	DET
cblr-2946	376	20	quality	quality	NOUN
cblr-2946	376	21	of	of	ADP
cblr-2946	376	22	ratings	rating	NOUN
cblr-2946	376	23	.	.	PUNCT
cblr-2946	376	24	?	?	PUNCT
cblr-2946	377	1	°	°	PRON
cblr-2946	377	2	while	while	SCONJ
cblr-2946	377	3	the	the	DET
cblr-2946	377	4	cras	cra	NOUN
cblr-2946	377	5	voluntarily	voluntarily	ADV
cblr-2946	377	6	provided	provide	VERB
cblr-2946	377	7	information	information	NOUN
cblr-2946	377	8	on	on	ADP
cblr-2946	377	9	both	both	PRON
cblr-2946	377	10	of	of	ADP
cblr-2946	377	11	these	these	DET
cblr-2946	377	12	counts	count	NOUN
cblr-2946	377	13	prior	prior	ADV
cblr-2946	377	14	to	to	ADP
cblr-2946	377	15	any	any	DET
cblr-2946	377	16	formal	formal	ADJ
cblr-2946	377	17	regulatory	regulatory	ADJ
cblr-2946	377	18	disclosure	disclosure	NOUN
cblr-2946	377	19	requirements	requirement	NOUN
cblr-2946	377	20	,	,	PUNCT
cblr-2946	377	21	the	the	DET
cblr-2946	377	22	disclosures	disclosure	NOUN
cblr-2946	377	23	provided	provide	VERB
cblr-2946	377	24	were	be	AUX
cblr-2946	377	25	apparently	apparently	ADV
cblr-2946	377	26	inadequately	inadequately	ADV
cblr-2946	377	27	specific	specific	ADJ
cblr-2946	377	28	or	or	CCONJ
cblr-2946	377	29	incomplete	incomplete	ADJ
cblr-2946	377	30	.	.	PUNCT
cblr-2946	377	31	'	'	PUNCT
cblr-2946	378	1	for	for	ADP
cblr-2946	378	2	example	example	NOUN
cblr-2946	378	3	,	,	PUNCT
cblr-2946	378	4	in	in	ADP
cblr-2946	378	5	a	a	DET
cblr-2946	378	6	study	study	NOUN
cblr-2946	378	7	of	of	ADP
cblr-2946	378	8	s&p	s&p	PROPN
cblr-2946	378	9	,	,	PUNCT
cblr-2946	378	10	moody	moody	NOUN
cblr-2946	378	11	's	's	PART
cblr-2946	378	12	,	,	PUNCT
cblr-2946	378	13	and	and	CCONJ
cblr-2946	378	14	fitch	fitch	NOUN
cblr-2946	378	15	that	that	PRON
cblr-2946	378	16	began	begin	VERB
cblr-2946	378	17	in	in	ADP
cblr-2946	378	18	august	august	PROPN
cblr-2946	378	19	2007	2007	NUM
cblr-2946	378	20	and	and	CCONJ
cblr-2946	378	21	culminated	culminate	VERB
cblr-2946	378	22	in	in	ADP
cblr-2946	378	23	a	a	DET
cblr-2946	378	24	report	report	NOUN
cblr-2946	378	25	issued	issue	VERB
cblr-2946	378	26	in	in	ADP
cblr-2946	378	27	july	july	PROPN
cblr-2946	378	28	2008	2008	NUM
cblr-2946	378	29	,	,	PUNCT
cblr-2946	378	30	the	the	DET
cblr-2946	378	31	sec	sec	PROPN
cblr-2946	378	32	found	find	VERB
cblr-2946	378	33	that	that	SCONJ
cblr-2946	378	34	the	the	DET
cblr-2946	378	35	agencies	agency	NOUN
cblr-2946	378	36	did	do	AUX
cblr-2946	378	37	not	not	PART
cblr-2946	378	38	always	always	ADV
cblr-2946	378	39	fully	fully	ADV
cblr-2946	378	40	disclose	disclose	VERB
cblr-2946	378	41	significant	significant	ADJ
cblr-2946	378	42	components	component	NOUN
cblr-2946	378	43	of	of	ADP
cblr-2946	378	44	the	the	DET
cblr-2946	378	45	ratings	rating	NOUN
cblr-2946	378	46	process	process	NOUN
cblr-2946	378	47	and	and	CCONJ
cblr-2946	378	48	methodologies	methodology	NOUN
cblr-2946	378	49	for	for	ADP
cblr-2946	378	50	rating	rating	NOUN
cblr-2946	378	51	rmbs	rmb	NOUN
cblr-2946	378	52	and	and	CCONJ
cblr-2946	378	53	cdos	cdo	NOUN
cblr-2946	378	54	,	,	PUNCT
cblr-2946	378	55	despite	despite	SCONJ
cblr-2946	378	56	claims	claim	NOUN
cblr-2946	378	57	from	from	ADP
cblr-2946	378	58	the	the	DET
cblr-2946	378	59	cras	cras	X
cblr-2946	378	60	that	that	SCONJ
cblr-2946	378	61	they	they	PRON
cblr-2946	378	62	disclosed	disclose	VERB
cblr-2946	378	63	their	their	PRON
cblr-2946	378	64	ratings	rating	NOUN
cblr-2946	378	65	processes	process	NOUN
cblr-2946	378	66	.	.	PUNCT
cblr-2946	378	67	"	"	PUNCT
cblr-2946	379	1	7	7	NUM
cblr-2946	379	2	specifically	specifically	ADV
cblr-2946	379	3	,	,	PUNCT
cblr-2946	379	4	the	the	DET
cblr-2946	379	5	agencies	agency	NOUN
cblr-2946	379	6	did	do	AUX
cblr-2946	379	7	not	not	PART
cblr-2946	379	8	always	always	ADV
cblr-2946	379	9	disclose	disclose	VERB
cblr-2946	379	10	criteria	criterion	NOUN
cblr-2946	379	11	and	and	CCONJ
cblr-2946	379	12	frequently	frequently	ADV
cblr-2946	379	13	incorporated	incorporate	VERB
cblr-2946	379	14	into	into	ADP
cblr-2946	379	15	our	our	PRON
cblr-2946	379	16	system	system	NOUN
cblr-2946	379	17	of	of	ADP
cblr-2946	379	18	private	private	ADJ
cblr-2946	379	19	contracting	contracting	NOUN
cblr-2946	379	20	:	:	PUNCT
cblr-2946	379	21	"	"	PUNCT
cblr-2946	379	22	[	[	X
cblr-2946	379	23	o]ther	o]ther	ADP
cblr-2946	379	24	private	private	ADJ
cblr-2946	379	25	contracts	contract	NOUN
cblr-2946	379	26	,	,	PUNCT
cblr-2946	379	27	including	include	VERB
cblr-2946	379	28	bond	bond	NOUN
cblr-2946	379	29	indentures	indenture	NOUN
cblr-2946	379	30	,	,	PUNCT
cblr-2946	379	31	contain	contain	VERB
cblr-2946	379	32	'	'	PUNCT
cblr-2946	379	33	rating	rating	NOUN
cblr-2946	379	34	triggers	trigger	NOUN
cblr-2946	379	35	,	,	PUNCT
cblr-2946	379	36	'	'	PUNCT
cblr-2946	379	37	under	under	ADP
cblr-2946	379	38	which	which	PRON
cblr-2946	379	39	a	a	DET
cblr-2946	379	40	rating	rating	NOUN
cblr-2946	379	41	downgrade	downgrade	NOUN
cblr-2946	379	42	below	below	ADP
cblr-2946	379	43	a	a	DET
cblr-2946	379	44	particular	particular	ADJ
cblr-2946	379	45	level	level	NOUN
cblr-2946	379	46	is	be	AUX
cblr-2946	379	47	a	a	DET
cblr-2946	379	48	technical	technical	ADJ
cblr-2946	379	49	default	default	NOUN
cblr-2946	379	50	"	"	PUNCT
cblr-2946	379	51	)	)	PUNCT
cblr-2946	379	52	.	.	PUNCT
cblr-2946	380	1	this	this	PRON
cblr-2946	380	2	could	could	AUX
cblr-2946	380	3	also	also	ADV
cblr-2946	380	4	call	call	VERB
cblr-2946	380	5	into	into	ADP
cblr-2946	380	6	question	question	NOUN
cblr-2946	380	7	the	the	DET
cblr-2946	380	8	efficacy	efficacy	NOUN
cblr-2946	380	9	of	of	ADP
cblr-2946	380	10	the	the	DET
cblr-2946	380	11	sec	sec	PROPN
cblr-2946	380	12	's	's	PART
cblr-2946	380	13	proposal	proposal	NOUN
cblr-2946	380	14	to	to	PART
cblr-2946	380	15	reduce	reduce	VERB
cblr-2946	380	16	reliance	reliance	NOUN
cblr-2946	380	17	on	on	ADP
cblr-2946	380	18	credit	credit	NOUN
cblr-2946	380	19	ratings	rating	NOUN
cblr-2946	380	20	.	.	PUNCT
cblr-2946	381	1	'	'	PUNCT
cblr-2946	381	2	03	03	NUM
cblr-2946	381	3	see	see	VERB
cblr-2946	381	4	registration	registration	NOUN
cblr-2946	381	5	of	of	ADP
cblr-2946	381	6	nationally	nationally	ADV
cblr-2946	381	7	recognized	recognize	VERB
cblr-2946	381	8	statistical	statistical	ADJ
cblr-2946	381	9	rating	rating	NOUN
cblr-2946	381	10	organizations	organization	NOUN
cblr-2946	381	11	,	,	PUNCT
cblr-2946	381	12	15	15	NUM
cblr-2946	381	13	u.s.c	u.s.c	ADJ
cblr-2946	381	14	.	.	PUNCT
cblr-2946	382	1	§	§	PROPN
cblr-2946	382	2	78o-7	78o-7	PROPN
cblr-2946	382	3	(	(	PUNCT
cblr-2946	382	4	2009	2009	NUM
cblr-2946	382	5	)	)	PUNCT
cblr-2946	382	6	(	(	PUNCT
cblr-2946	382	7	defining	define	VERB
cblr-2946	382	8	the	the	DET
cblr-2946	382	9	act	act	NOUN
cblr-2946	382	10	,	,	PUNCT
cblr-2946	382	11	in	in	ADP
cblr-2946	382	12	part	part	NOUN
cblr-2946	382	13	,	,	PUNCT
cblr-2946	382	14	as	as	ADP
cblr-2946	382	15	an	an	DET
cblr-2946	382	16	act	act	NOUN
cblr-2946	382	17	to	to	PART
cblr-2946	382	18	foster	foster	VERB
cblr-2946	382	19	transparency	transparency	NOUN
cblr-2946	382	20	in	in	ADP
cblr-2946	382	21	the	the	DET
cblr-2946	382	22	credit	credit	NOUN
cblr-2946	382	23	rating	rating	NOUN
cblr-2946	382	24	industry	industry	NOUN
cblr-2946	382	25	)	)	PUNCT
cblr-2946	382	26	;	;	PUNCT
cblr-2946	382	27	hunt	hunt	NOUN
cblr-2946	382	28	,	,	PUNCT
cblr-2946	382	29	supra	supra	PROPN
cblr-2946	382	30	note	note	NOUN
cblr-2946	382	31	3	3	NUM
cblr-2946	382	32	,	,	PUNCT
cblr-2946	382	33	at	at	ADP
cblr-2946	382	34	129	129	NUM
cblr-2946	382	35	(	(	PUNCT
cblr-2946	382	36	citing	cite	VERB
cblr-2946	382	37	absence	absence	NOUN
cblr-2946	382	38	of	of	ADP
cblr-2946	382	39	transparency	transparency	NOUN
cblr-2946	382	40	as	as	ADP
cblr-2946	382	41	a	a	DET
cblr-2946	382	42	characteristic	characteristic	NOUN
cblr-2946	382	43	of	of	ADP
cblr-2946	382	44	the	the	DET
cblr-2946	382	45	rating	rating	NOUN
cblr-2946	382	46	market	market	NOUN
cblr-2946	382	47	that	that	PRON
cblr-2946	382	48	may	may	AUX
cblr-2946	382	49	"	"	PUNCT
cblr-2946	382	50	cause	cause	VERB
cblr-2946	382	51	it	it	PRON
cblr-2946	382	52	to	to	PART
cblr-2946	382	53	perform	perform	VERB
cblr-2946	382	54	worse	bad	ADJ
cblr-2946	382	55	than	than	SCONJ
cblr-2946	382	56	it	it	PRON
cblr-2946	382	57	could	could	AUX
cblr-2946	382	58	"	"	PUNCT
cblr-2946	382	59	)	)	PUNCT
cblr-2946	382	60	.	.	PUNCT
cblr-2946	383	1	104	104	NUM
cblr-2946	384	1	i	i	PRON
cblr-2946	384	2	d.	d.	PROPN
cblr-2946	384	3	at	at	ADP
cblr-2946	384	4	138	138	NUM
cblr-2946	384	5	(	(	PUNCT
cblr-2946	384	6	defining	define	VERB
cblr-2946	384	7	methodological	methodological	ADJ
cblr-2946	384	8	transparency	transparency	NOUN
cblr-2946	384	9	as	as	ADP
cblr-2946	384	10	"	"	PUNCT
cblr-2946	384	11	an	an	DET
cblr-2946	384	12	outsider	outsider	NOUN
cblr-2946	384	13	's	's	PART
cblr-2946	384	14	ability	ability	NOUN
cblr-2946	384	15	to	to	PART
cblr-2946	384	16	tell	tell	VERB
cblr-2946	384	17	just	just	ADV
cblr-2946	384	18	how	how	SCONJ
cblr-2946	384	19	the	the	DET
cblr-2946	384	20	agencies	agency	NOUN
cblr-2946	384	21	reach	reach	VERB
cblr-2946	384	22	the	the	DET
cblr-2946	384	23	ratings	rating	NOUN
cblr-2946	384	24	they	they	PRON
cblr-2946	384	25	award	award	VERB
cblr-2946	384	26	"	"	PUNCT
cblr-2946	384	27	)	)	PUNCT
cblr-2946	384	28	.	.	PUNCT
cblr-2946	385	1	'	'	PUNCT
cblr-2946	385	2	o	o	X
cblr-2946	385	3	'	'	PUNCT
cblr-2946	385	4	i	i	PRON
cblr-2946	385	5	d.	d.	PROPN
cblr-2946	385	6	(	(	PUNCT
cblr-2946	385	7	defining	define	VERB
cblr-2946	385	8	performance	performance	NOUN
cblr-2946	385	9	transparency	transparency	NOUN
cblr-2946	385	10	as	as	ADP
cblr-2946	385	11	"	"	PUNCT
cblr-2946	385	12	the	the	DET
cblr-2946	385	13	ability	ability	NOUN
cblr-2946	385	14	to	to	PART
cblr-2946	385	15	discern	discern	VERB
cblr-2946	385	16	how	how	SCONJ
cblr-2946	385	17	well	well	ADV
cblr-2946	385	18	the	the	DET
cblr-2946	385	19	ratings	rating	NOUN
cblr-2946	385	20	perform	perform	VERB
cblr-2946	385	21	"	"	PUNCT
cblr-2946	385	22	)	)	PUNCT
cblr-2946	385	23	.	.	PUNCT
cblr-2946	386	1	'	'	NUM
cblr-2946	386	2	06	06	NUM
cblr-2946	386	3	on	on	ADP
cblr-2946	386	4	methodological	methodological	ADJ
cblr-2946	386	5	transparency	transparency	NOUN
cblr-2946	386	6	,	,	PUNCT
cblr-2946	386	7	see	see	VERB
cblr-2946	386	8	i	i	PRON
cblr-2946	386	9	d.	d.	PROPN
cblr-2946	386	10	at	at	ADP
cblr-2946	386	11	139	139	NUM
cblr-2946	386	12	(	(	PUNCT
cblr-2946	386	13	stating	state	VERB
cblr-2946	386	14	that	that	SCONJ
cblr-2946	386	15	the	the	DET
cblr-2946	386	16	sec	sec	PROPN
cblr-2946	386	17	's	's	PART
cblr-2946	386	18	first	first	ADJ
cblr-2946	386	19	set	set	NOUN
cblr-2946	386	20	of	of	ADP
cblr-2946	386	21	methodological	methodological	ADJ
cblr-2946	386	22	disclosure	disclosure	NOUN
cblr-2946	386	23	rules	rule	NOUN
cblr-2946	386	24	contributed	contribute	VERB
cblr-2946	386	25	little	little	ADJ
cblr-2946	386	26	to	to	ADP
cblr-2946	386	27	what	what	PRON
cblr-2946	386	28	was	be	AUX
cblr-2946	386	29	already	already	ADV
cblr-2946	386	30	available	available	ADJ
cblr-2946	386	31	)	)	PUNCT
cblr-2946	386	32	.	.	PUNCT
cblr-2946	387	1	107	107	NUM
cblr-2946	387	2	sec	sec	PROPN
cblr-2946	387	3	july	july	PROPN
cblr-2946	387	4	2008	2008	NUM
cblr-2946	387	5	report	report	NOUN
cblr-2946	387	6	,	,	PUNCT
cblr-2946	387	7	supra	supra	PROPN
cblr-2946	387	8	note	note	NOUN
cblr-2946	387	9	47	47	NUM
cblr-2946	387	10	,	,	PUNCT
cblr-2946	387	11	at	at	ADP
cblr-2946	387	12	1	1	NUM
cblr-2946	387	13	,	,	PUNCT
cblr-2946	387	14	13	13	NUM
cblr-2946	387	15	.	.	PUNCT
cblr-2946	388	1	[	[	X
cblr-2946	388	2	vol	vol	NOUN
cblr-2946	388	3	.	.	PUNCT
cblr-2946	388	4	2009	2009	NUM
cblr-2946	388	5	no	no	NOUN
cblr-2946	388	6	.	.	PUNCT
cblr-2946	389	1	2:605	2:605	NUM
cblr-2946	389	2	]	]	X
cblr-2946	389	3	credit	credit	NOUN
cblr-2946	389	4	ra	ra	PROPN
cblr-2946	389	5	ting	ting	PROPN
cblr-2946	389	6	agencies	agency	NOUN
cblr-2946	389	7	and	and	CCONJ
cblr-2946	389	8	the	the	DET
cblr-2946	389	9	credit	credit	NOUN
cblr-2946	389	10	crisis	crisis	NOUN
cblr-2946	389	11	629	629	NUM
cblr-2946	389	12	deviated	deviate	VERB
cblr-2946	389	13	from	from	ADP
cblr-2946	389	14	their	their	PRON
cblr-2946	389	15	quantitative	quantitative	ADJ
cblr-2946	389	16	models.1	models.1	PROPN
cblr-2946	389	17	°	°	NOUN
cblr-2946	389	18	8	8	NUM
cblr-2946	389	19	moreover	moreover	ADV
cblr-2946	389	20	,	,	PUNCT
cblr-2946	389	21	the	the	DET
cblr-2946	389	22	sec	sec	PROPN
cblr-2946	389	23	's	's	PART
cblr-2946	389	24	proposed	propose	VERB
cblr-2946	389	25	rule	rule	NOUN
cblr-2946	389	26	amendments	amendment	NOUN
cblr-2946	389	27	suggest	suggest	VERB
cblr-2946	389	28	that	that	SCONJ
cblr-2946	389	29	the	the	DET
cblr-2946	389	30	agencies	agency	NOUN
cblr-2946	389	31	'	'	PART
cblr-2946	389	32	current	current	ADJ
cblr-2946	389	33	disclosures	disclosure	NOUN
cblr-2946	389	34	on	on	ADP
cblr-2946	389	35	performance	performance	NOUN
cblr-2946	389	36	do	do	AUX
cblr-2946	389	37	not	not	PART
cblr-2946	389	38	provide	provide	VERB
cblr-2946	389	39	for	for	ADP
cblr-2946	389	40	comparison	comparison	NOUN
cblr-2946	389	41	across	across	ADP
cblr-2946	389	42	rating	rating	NOUN
cblr-2946	389	43	agencies	agency	NOUN
cblr-2946	389	44	and	and	CCONJ
cblr-2946	389	45	permit	permit	VERB
cblr-2946	389	46	data	datum	NOUN
cblr-2946	389	47	manipulation	manipulation	NOUN
cblr-2946	389	48	.	.	PUNCT
cblr-2946	390	1	109	109	NUM
cblr-2946	390	2	both	both	CCONJ
cblr-2946	390	3	methodological	methodological	ADJ
cblr-2946	390	4	and	and	CCONJ
cblr-2946	390	5	performance	performance	NOUN
cblr-2946	390	6	transparency	transparency	NOUN
cblr-2946	390	7	are	be	AUX
cblr-2946	390	8	important	important	ADJ
cblr-2946	390	9	to	to	ADP
cblr-2946	390	10	constraining	constrain	VERB
cblr-2946	390	11	the	the	DET
cblr-2946	390	12	issuer	issuer	NOUN
cblr-2946	390	13	pays	pay	VERB
cblr-2946	390	14	conflict	conflict	NOUN
cblr-2946	390	15	because	because	SCONJ
cblr-2946	390	16	they	they	PRON
cblr-2946	390	17	assist	assist	VERB
cblr-2946	390	18	investors	investor	NOUN
cblr-2946	390	19	in	in	ADP
cblr-2946	390	20	evaluating	evaluate	VERB
cblr-2946	390	21	both	both	CCONJ
cblr-2946	390	22	how	how	SCONJ
cblr-2946	390	23	an	an	DET
cblr-2946	390	24	issuer	issuer	NOUN
cblr-2946	390	25	may	may	AUX
cblr-2946	390	26	exert	exert	VERB
cblr-2946	390	27	pressure	pressure	NOUN
cblr-2946	390	28	in	in	ADP
cblr-2946	390	29	the	the	DET
cblr-2946	390	30	ratings	rating	NOUN
cblr-2946	390	31	process	process	NOUN
cblr-2946	390	32	and	and	CCONJ
cblr-2946	390	33	whether	whether	SCONJ
cblr-2946	390	34	poor	poor	ADJ
cblr-2946	390	35	quality	quality	NOUN
cblr-2946	390	36	ratings	rating	NOUN
cblr-2946	390	37	suggest	suggest	VERB
cblr-2946	390	38	a	a	DET
cblr-2946	390	39	cra	cra	PROPN
cblr-2946	390	40	is	be	AUX
cblr-2946	390	41	compromised.110	compromised.110	PROPN
cblr-2946	390	42	3	3	NUM
cblr-2946	390	43	.	.	PUNCT
cblr-2946	390	44	lack	lack	NOUN
cblr-2946	390	45	of	of	ADP
cblr-2946	390	46	accountability	accountability	NOUN
cblr-2946	390	47	historically	historically	ADV
cblr-2946	390	48	,	,	PUNCT
cblr-2946	390	49	the	the	DET
cblr-2946	390	50	cra	cra	PROPN
cblr-2946	390	51	market	market	NOUN
cblr-2946	390	52	has	have	AUX
cblr-2946	390	53	been	be	AUX
cblr-2946	390	54	characterized	characterize	VERB
cblr-2946	390	55	by	by	ADP
cblr-2946	390	56	a	a	DET
cblr-2946	390	57	lack	lack	NOUN
cblr-2946	390	58	of	of	ADP
cblr-2946	390	59	accountability	accountability	NOUN
cblr-2946	390	60	both	both	CCONJ
cblr-2946	390	61	to	to	ADP
cblr-2946	390	62	regulators	regulator	NOUN
cblr-2946	390	63	and	and	CCONJ
cblr-2946	390	64	through	through	ADP
cblr-2946	390	65	private	private	ADJ
cblr-2946	390	66	legal	legal	ADJ
cblr-2946	390	67	liability	liability	NOUN
cblr-2946	390	68	.	.	PUNCT
cblr-2946	391	1	this	this	DET
cblr-2946	391	2	historical	historical	ADJ
cblr-2946	391	3	lack	lack	NOUN
cblr-2946	391	4	of	of	ADP
cblr-2946	391	5	accountability	accountability	NOUN
cblr-2946	391	6	could	could	AUX
cblr-2946	391	7	'	'	VERB
cblr-2946	391	8	0	0	NUM
cblr-2946	391	9	'	'	PUNCT
cblr-2946	391	10	i	i	PRON
cblr-2946	391	11	d.	d.	PROPN
cblr-2946	391	12	at	at	ADP
cblr-2946	391	13	13	13	NUM
cblr-2946	391	14	-	-	SYM
cblr-2946	391	15	14	14	NUM
cblr-2946	391	16	.	.	PUNCT
cblr-2946	392	1	indeed	indeed	ADV
cblr-2946	392	2	,	,	PUNCT
cblr-2946	392	3	the	the	DET
cblr-2946	392	4	staff	staff	NOUN
cblr-2946	392	5	of	of	ADP
cblr-2946	392	6	the	the	DET
cblr-2946	392	7	sec	sec	PROPN
cblr-2946	392	8	concluded	conclude	VERB
cblr-2946	392	9	that	that	SCONJ
cblr-2946	392	10	"	"	PUNCT
cblr-2946	392	11	[	[	X
cblr-2946	392	12	nione	nione	NOUN
cblr-2946	392	13	of	of	ADP
cblr-2946	392	14	the	the	DET
cblr-2946	392	15	rating	rating	NOUN
cblr-2946	392	16	agencies	agency	NOUN
cblr-2946	392	17	examined	examine	VERB
cblr-2946	392	18	had	have	VERB
cblr-2946	392	19	specific	specific	ADJ
cblr-2946	392	20	written	write	VERB
cblr-2946	392	21	procedures	procedure	NOUN
cblr-2946	392	22	for	for	ADP
cblr-2946	392	23	rating	rating	NOUN
cblr-2946	392	24	rmbs	rmb	NOUN
cblr-2946	392	25	and	and	CCONJ
cblr-2946	392	26	cdos	cdo	NOUN
cblr-2946	392	27	.	.	PUNCT
cblr-2946	392	28	"	"	PUNCT
cblr-2946	393	1	i	i	PRON
cblr-2946	393	2	d.	d.	PROPN
cblr-2946	393	3	at	at	ADP
cblr-2946	393	4	16	16	NUM
cblr-2946	393	5	.	.	PUNCT
cblr-2946	394	1	in	in	ADP
cblr-2946	394	2	addition	addition	NOUN
cblr-2946	394	3	,	,	PUNCT
cblr-2946	394	4	one	one	NUM
cblr-2946	394	5	scholar	scholar	NOUN
cblr-2946	394	6	has	have	AUX
cblr-2946	394	7	testified	testify	VERB
cblr-2946	394	8	that	that	SCONJ
cblr-2946	394	9	"	"	PUNCT
cblr-2946	394	10	[	[	X
cblr-2946	394	11	w]hile	w]hile	ADP
cblr-2946	394	12	the	the	DET
cblr-2946	394	13	statistical	statistical	ADJ
cblr-2946	394	14	techniques	technique	NOUN
cblr-2946	394	15	used	use	VERB
cblr-2946	394	16	by	by	ADP
cblr-2946	394	17	the	the	DET
cblr-2946	394	18	nrsros	nrsro	NOUN
cblr-2946	394	19	are	be	AUX
cblr-2946	394	20	transparent	transparent	ADJ
cblr-2946	394	21	,	,	PUNCT
cblr-2946	395	1	the	the	DET
cblr-2946	395	2	ratings	rating	NOUN
cblr-2946	395	3	criteria	criterion	NOUN
cblr-2946	395	4	(	(	PUNCT
cblr-2946	395	5	the	the	DET
cblr-2946	395	6	variables	variable	NOUN
cblr-2946	395	7	incorporated	incorporate	VERB
cblr-2946	395	8	into	into	ADP
cblr-2946	395	9	the	the	DET
cblr-2946	395	10	statistical	statistical	ADJ
cblr-2946	395	11	techniques	technique	NOUN
cblr-2946	395	12	)	)	PUNCT
cblr-2946	395	13	are	be	AUX
cblr-2946	395	14	not	not	PART
cblr-2946	395	15	disclosed	disclose	VERB
cblr-2946	395	16	up	up	ADP
cblr-2946	395	17	to	to	ADP
cblr-2946	395	18	a	a	DET
cblr-2946	395	19	level	level	NOUN
cblr-2946	395	20	of	of	ADP
cblr-2946	395	21	replicability	replicability	NOUN
cblr-2946	395	22	.	.	PUNCT
cblr-2946	395	23	"	"	PUNCT
cblr-2946	396	1	the	the	DET
cblr-2946	396	2	role	role	NOUN
cblr-2946	396	3	of	of	ADP
cblr-2946	396	4	credit	credit	NOUN
cblr-2946	396	5	rating	rating	NOUN
cblr-2946	396	6	agencies	agency	NOUN
cblr-2946	396	7	in	in	ADP
cblr-2946	396	8	the	the	DET
cblr-2946	396	9	structured	structured	ADJ
cblr-2946	396	10	finance	finance	NOUN
cblr-2946	396	11	market	market	NOUN
cblr-2946	396	12	:	:	PUNCT
cblr-2946	396	13	hearing	hear	VERB
cblr-2946	396	14	before	before	ADP
cblr-2946	396	15	the	the	DET
cblr-2946	396	16	subcomm	subcomm	NOUN
cblr-2946	396	17	.	.	PUNCT
cblr-2946	397	1	on	on	ADP
cblr-2946	397	2	capital	capital	NOUN
cblr-2946	397	3	markets	market	NOUN
cblr-2946	397	4	,	,	PUNCT
cblr-2946	397	5	insurance	insurance	NOUN
cblr-2946	397	6	,	,	PUNCT
cblr-2946	397	7	and	and	CCONJ
cblr-2946	397	8	government	government	NOUN
cblr-2946	397	9	sponsored	sponsor	VERB
cblr-2946	397	10	enterprises	enterprise	NOUN
cblr-2946	397	11	of	of	ADP
cblr-2946	397	12	the	the	DET
cblr-2946	397	13	h.	h.	PROPN
cblr-2946	397	14	comm	comm	NOUN
cblr-2946	397	15	.	.	PUNCT
cblr-2946	398	1	on	on	ADP
cblr-2946	398	2	fin	fin	NOUN
cblr-2946	398	3	.	.	PUNCT
cblr-2946	399	1	servs	servs	PROPN
cblr-2946	399	2	.	.	PROPN
cblr-2946	399	3	,	,	PUNCT
cblr-2946	399	4	110th	110th	ADJ
cblr-2946	399	5	cong	cong	NOUN
cblr-2946	399	6	.	.	PUNCT
cblr-2946	400	1	(	(	PUNCT
cblr-2946	400	2	sept	sept	PROPN
cblr-2946	400	3	.	.	PROPN
cblr-2946	400	4	27	27	NUM
cblr-2946	400	5	,	,	PUNCT
cblr-2946	400	6	2007	2007	NUM
cblr-2946	400	7	)	)	PUNCT
cblr-2946	400	8	(	(	PUNCT
cblr-2946	400	9	testimony	testimony	NOUN
cblr-2946	400	10	of	of	ADP
cblr-2946	400	11	joseph	joseph	PROPN
cblr-2946	400	12	r.	r.	PROPN
cblr-2946	400	13	mason	mason	PROPN
cblr-2946	400	14	,	,	PUNCT
cblr-2946	400	15	associate	associate	NOUN
cblr-2946	400	16	professor	professor	NOUN
cblr-2946	400	17	,	,	PUNCT
cblr-2946	400	18	drexel	drexel	PROPN
cblr-2946	400	19	university	university	PROPN
cblr-2946	400	20	)	)	PUNCT
cblr-2946	400	21	,	,	PUNCT
cblr-2946	400	22	available	available	ADJ
cblr-2946	400	23	at	at	ADP
cblr-2946	400	24	http://financialservices.house.gov/hearingll/mason.pdf	http://financialservices.house.gov/hearingll/mason.pdf	NOUN
cblr-2946	400	25	.	.	PUNCT
cblr-2946	401	1	"	"	PUNCT
cblr-2946	401	2	proposed	propose	VERB
cblr-2946	401	3	rules	rule	NOUN
cblr-2946	401	4	for	for	ADP
cblr-2946	401	5	nationally	nationally	ADV
cblr-2946	401	6	recognized	recognize	VERB
cblr-2946	401	7	statistical	statistical	ADJ
cblr-2946	401	8	rating	rating	NOUN
cblr-2946	401	9	organizations	organization	NOUN
cblr-2946	401	10	,	,	PUNCT
cblr-2946	401	11	exchange	exchange	NOUN
cblr-2946	401	12	act	act	NOUN
cblr-2946	401	13	release	release	VERB
cblr-2946	401	14	no	no	NOUN
cblr-2946	401	15	.	.	NOUN
cblr-2946	401	16	57,967	57,967	NUM
cblr-2946	401	17	,	,	PUNCT
cblr-2946	401	18	2008	2008	NUM
cblr-2946	401	19	sec	sec	PROPN
cblr-2946	401	20	lexis	lexis	NOUN
cblr-2946	401	21	1613	1613	NUM
cblr-2946	401	22	(	(	PUNCT
cblr-2946	401	23	june	june	PROPN
cblr-2946	401	24	16	16	NUM
cblr-2946	401	25	,	,	PUNCT
cblr-2946	401	26	2008	2008	NUM
cblr-2946	401	27	)	)	PUNCT
cblr-2946	401	28	(	(	PUNCT
cblr-2946	401	29	proposing	propose	VERB
cblr-2946	401	30	that	that	SCONJ
cblr-2946	401	31	nrsros	nrsro	NOUN
cblr-2946	401	32	be	be	AUX
cblr-2946	401	33	required	require	VERB
cblr-2946	401	34	to	to	PART
cblr-2946	401	35	disclose	disclose	VERB
cblr-2946	401	36	performance	performance	NOUN
cblr-2946	401	37	statistics	statistic	NOUN
cblr-2946	401	38	separately	separately	ADV
cblr-2946	401	39	for	for	ADP
cblr-2946	401	40	each	each	DET
cblr-2946	401	41	class	class	NOUN
cblr-2946	401	42	of	of	ADP
cblr-2946	401	43	ratings	rating	NOUN
cblr-2946	401	44	so	so	SCONJ
cblr-2946	401	45	that	that	SCONJ
cblr-2946	401	46	various	various	ADJ
cblr-2946	401	47	ratings	rating	NOUN
cblr-2946	401	48	users	user	NOUN
cblr-2946	401	49	could	could	AUX
cblr-2946	401	50	more	more	ADV
cblr-2946	401	51	readily	readily	ADV
cblr-2946	401	52	identify	identify	VERB
cblr-2946	401	53	the	the	DET
cblr-2946	401	54	statistics	statistic	NOUN
cblr-2946	401	55	relevant	relevant	ADJ
cblr-2946	401	56	to	to	ADP
cblr-2946	401	57	them	they	PRON
cblr-2946	401	58	,	,	PUNCT
cblr-2946	401	59	in	in	ADP
cblr-2946	401	60	a	a	DET
cblr-2946	401	61	manner	manner	NOUN
cblr-2946	401	62	that	that	PRON
cblr-2946	401	63	facilitates	facilitate	VERB
cblr-2946	401	64	comparison	comparison	NOUN
cblr-2946	401	65	across	across	ADP
cblr-2946	401	66	agencies	agency	NOUN
cblr-2946	401	67	,	,	PUNCT
cblr-2946	401	68	and	and	CCONJ
cblr-2946	401	69	in	in	ADP
cblr-2946	401	70	a	a	DET
cblr-2946	401	71	form	form	NOUN
cblr-2946	401	72	that	that	PRON
cblr-2946	401	73	lessens	lessen	VERB
cblr-2946	401	74	the	the	DET
cblr-2946	401	75	potential	potential	NOUN
cblr-2946	401	76	for	for	ADP
cblr-2946	401	77	data	data	NOUN
cblr-2946	401	78	manipulation	manipulation	NOUN
cblr-2946	401	79	)	)	PUNCT
cblr-2946	401	80	.	.	PUNCT
cblr-2946	402	1	110	110	NUM
cblr-2946	402	2	hunt	hunt	NOUN
cblr-2946	402	3	,	,	PUNCT
cblr-2946	402	4	supra	supra	PROPN
cblr-2946	402	5	note	note	NOUN
cblr-2946	402	6	3	3	NUM
cblr-2946	402	7	,	,	PUNCT
cblr-2946	402	8	at	at	ADP
cblr-2946	402	9	140	140	NUM
cblr-2946	402	10	n.100	n.100	ADJ
cblr-2946	402	11	(	(	PUNCT
cblr-2946	402	12	"	"	PUNCT
cblr-2946	402	13	one	one	NUM
cblr-2946	402	14	area	area	NOUN
cblr-2946	402	15	in	in	ADP
cblr-2946	402	16	which	which	PRON
cblr-2946	402	17	methodological	methodological	ADJ
cblr-2946	402	18	transparency	transparency	NOUN
cblr-2946	402	19	does	do	AUX
cblr-2946	402	20	seem	seem	VERB
cblr-2946	402	21	desirable	desirable	ADJ
cblr-2946	402	22	is	be	AUX
cblr-2946	402	23	in	in	ADP
cblr-2946	402	24	relationships	relationship	NOUN
cblr-2946	402	25	with	with	ADP
cblr-2946	402	26	structured	structure	VERB
cblr-2946	402	27	-	-	PUNCT
cblr-2946	402	28	product	product	NOUN
cblr-2946	402	29	arrangers	arranger	NOUN
cblr-2946	402	30	.	.	PUNCT
cblr-2946	402	31	"	"	PUNCT
cblr-2946	402	32	)	)	PUNCT
cblr-2946	402	33	;	;	PUNCT
cblr-2946	402	34	i	i	PRON
cblr-2946	402	35	d.	d.	PROPN
cblr-2946	402	36	at	at	ADP
cblr-2946	402	37	142	142	NUM
cblr-2946	402	38	(	(	PUNCT
cblr-2946	402	39	"	"	PUNCT
cblr-2946	402	40	if	if	SCONJ
cblr-2946	402	41	investors	investor	NOUN
cblr-2946	402	42	can	can	AUX
cblr-2946	402	43	not	not	PART
cblr-2946	402	44	determine	determine	VERB
cblr-2946	402	45	how	how	SCONJ
cblr-2946	402	46	an	an	DET
cblr-2946	402	47	agency	agency	NOUN
cblr-2946	402	48	's	's	PART
cblr-2946	402	49	ratings	rating	NOUN
cblr-2946	402	50	have	have	AUX
cblr-2946	402	51	performed	perform	VERB
cblr-2946	402	52	,	,	PUNCT
cblr-2946	402	53	they	they	PRON
cblr-2946	402	54	can	can	AUX
cblr-2946	402	55	not	not	PART
cblr-2946	402	56	develop	develop	VERB
cblr-2946	402	57	informed	informed	ADJ
cblr-2946	402	58	views	view	NOUN
cblr-2946	402	59	about	about	ADP
cblr-2946	402	60	the	the	DET
cblr-2946	402	61	quality	quality	NOUN
cblr-2946	402	62	of	of	ADP
cblr-2946	402	63	those	those	DET
cblr-2946	402	64	ratings	rating	NOUN
cblr-2946	402	65	.	.	PUNCT
cblr-2946	402	66	"	"	PUNCT
cblr-2946	402	67	)	)	PUNCT
cblr-2946	402	68	;	;	PUNCT
cblr-2946	402	69	see	see	VERB
cblr-2946	402	70	also	also	ADV
cblr-2946	402	71	sec	sec	PROPN
cblr-2946	402	72	july	july	PROPN
cblr-2946	402	73	2008	2008	NUM
cblr-2946	402	74	report	report	NOUN
cblr-2946	402	75	,	,	PUNCT
cblr-2946	402	76	supra	supra	PROPN
cblr-2946	402	77	note	note	NOUN
cblr-2946	402	78	47	47	NUM
cblr-2946	402	79	,	,	PUNCT
cblr-2946	402	80	at	at	ADP
cblr-2946	402	81	1	1	NUM
cblr-2946	402	82	(	(	PUNCT
cblr-2946	402	83	discussing	discuss	VERB
cblr-2946	402	84	how	how	SCONJ
cblr-2946	402	85	staff	staff	NOUN
cblr-2946	402	86	reviewed	review	VERB
cblr-2946	402	87	processes	process	NOUN
cblr-2946	402	88	for	for	ADP
cblr-2946	402	89	rating	rating	NOUN
cblr-2946	402	90	rmbs	rmb	NOUN
cblr-2946	402	91	and	and	CCONJ
cblr-2946	402	92	cdos	cdo	NOUN
cblr-2946	402	93	to	to	PART
cblr-2946	402	94	gain	gain	VERB
cblr-2946	402	95	insight	insight	NOUN
cblr-2946	402	96	into	into	ADP
cblr-2946	402	97	conflicts	conflict	NOUN
cblr-2946	402	98	of	of	ADP
cblr-2946	402	99	interest	interest	NOUN
cblr-2946	402	100	in	in	ADP
cblr-2946	402	101	the	the	DET
cblr-2946	402	102	ratings	rating	NOUN
cblr-2946	402	103	process	process	NOUN
cblr-2946	402	104	)	)	PUNCT
cblr-2946	402	105	.	.	PUNCT
cblr-2946	403	1	columbia	columbia	PROPN
cblr-2946	403	2	business	business	PROPN
cblr-2946	403	3	la	la	PROPN
cblr-2946	403	4	w	w	PROPN
cblr-2946	403	5	review	review	PROPN
cblr-2946	403	6	arguably	arguably	ADV
cblr-2946	403	7	have	have	AUX
cblr-2946	403	8	rendered	render	VERB
cblr-2946	403	9	cras	cras	X
cblr-2946	403	10	more	more	ADV
cblr-2946	403	11	vulnerable	vulnerable	ADJ
cblr-2946	403	12	to	to	ADP
cblr-2946	403	13	the	the	DET
cblr-2946	403	14	issuer	issuer	NOUN
cblr-2946	403	15	pays	pay	VERB
cblr-2946	403	16	conflict	conflict	NOUN
cblr-2946	403	17	.	.	PUNCT
cblr-2946	404	1	a.regulatory	a.regulatory	ADJ
cblr-2946	404	2	accountability	accountability	NOUN
cblr-2946	404	3	prior	prior	ADV
cblr-2946	404	4	to	to	ADP
cblr-2946	404	5	2006	2006	NUM
cblr-2946	404	6	,	,	PUNCT
cblr-2946	404	7	the	the	DET
cblr-2946	404	8	cra	cra	PROPN
cblr-2946	404	9	market	market	NOUN
cblr-2946	404	10	was	be	AUX
cblr-2946	404	11	only	only	ADV
cblr-2946	404	12	regulated	regulate	VERB
cblr-2946	404	13	to	to	ADP
cblr-2946	404	14	the	the	DET
cblr-2946	404	15	extent	extent	NOUN
cblr-2946	404	16	that	that	SCONJ
cblr-2946	404	17	the	the	DET
cblr-2946	404	18	sec	sec	PROPN
cblr-2946	404	19	controlled	control	VERB
cblr-2946	404	20	the	the	DET
cblr-2946	404	21	nrsro	nrsro	ADJ
cblr-2946	404	22	designation	designation	NOUN
cblr-2946	404	23	process	process	NOUN
cblr-2946	404	24	.	.	PUNCT
cblr-2946	405	1	the	the	DET
cblr-2946	405	2	sec	sec	PROPN
cblr-2946	405	3	conveyed	convey	VERB
cblr-2946	405	4	nrsro	nrsro	ADJ
cblr-2946	405	5	status	status	NOUN
cblr-2946	405	6	through	through	ADP
cblr-2946	405	7	a	a	DET
cblr-2946	405	8	"	"	PUNCT
cblr-2946	405	9	noaction	noaction	NOUN
cblr-2946	405	10	letter	letter	NOUN
cblr-2946	405	11	"	"	PUNCT
cblr-2946	405	12	mechanism	mechanism	NOUN
cblr-2946	405	13	;	;	PUNCT
cblr-2946	405	14	a	a	DET
cblr-2946	405	15	cra	cra	PROPN
cblr-2946	405	16	would	would	AUX
cblr-2946	405	17	apply	apply	VERB
cblr-2946	405	18	to	to	ADP
cblr-2946	405	19	the	the	DET
cblr-2946	405	20	sec	sec	PROPN
cblr-2946	405	21	and	and	CCONJ
cblr-2946	405	22	,	,	PUNCT
cblr-2946	405	23	if	if	SCONJ
cblr-2946	405	24	accepted	accept	VERB
cblr-2946	405	25	,	,	PUNCT
cblr-2946	405	26	the	the	DET
cblr-2946	405	27	sec	sec	PROPN
cblr-2946	405	28	would	would	AUX
cblr-2946	405	29	send	send	VERB
cblr-2946	405	30	a	a	DET
cblr-2946	405	31	no	no	DET
cblr-2946	405	32	-	-	PUNCT
cblr-2946	405	33	action	action	NOUN
cblr-2946	405	34	letter	letter	NOUN
cblr-2946	405	35	indicating	indicate	VERB
cblr-2946	405	36	the	the	DET
cblr-2946	405	37	sec	sec	PROPN
cblr-2946	405	38	would	would	AUX
cblr-2946	405	39	accept	accept	VERB
cblr-2946	405	40	the	the	DET
cblr-2946	405	41	agency	agency	NOUN
cblr-2946	405	42	's	's	PART
cblr-2946	405	43	ratings	rating	NOUN
cblr-2946	405	44	as	as	ADP
cblr-2946	405	45	those	those	PRON
cblr-2946	405	46	of	of	ADP
cblr-2946	405	47	an	an	DET
cblr-2946	405	48	nrsro	nrsro	NOUN
cblr-2946	405	49	.	.	PUNCT
cblr-2946	406	1	"	"	PUNCT
cblr-2946	406	2	'	'	PUNCT
cblr-2946	406	3	this	this	DET
cblr-2946	406	4	process	process	NOUN
cblr-2946	406	5	apparently	apparently	ADV
cblr-2946	406	6	lacked	lack	VERB
cblr-2946	406	7	transparency	transparency	NOUN
cblr-2946	406	8	,	,	PUNCT
cblr-2946	406	9	leaving	leave	VERB
cblr-2946	406	10	applicants	applicant	NOUN
cblr-2946	406	11	unclear	unclear	ADJ
cblr-2946	406	12	on	on	ADP
cblr-2946	406	13	the	the	DET
cblr-2946	406	14	criteria	criterion	NOUN
cblr-2946	406	15	for	for	ADP
cblr-2946	406	16	designation	designation	NOUN
cblr-2946	406	17	and	and	CCONJ
cblr-2946	406	18	the	the	DET
cblr-2946	406	19	status	status	NOUN
cblr-2946	406	20	of	of	ADP
cblr-2946	406	21	their	their	PRON
cblr-2946	406	22	applications	application	NOUN
cblr-2946	406	23	.	.	PUNCT
cblr-2946	407	1	12	12	NUM
cblr-2946	407	2	in	in	ADP
cblr-2946	407	3	2006	2006	NUM
cblr-2946	408	1	,	,	PUNCT
cblr-2946	408	2	congress	congress	PROPN
cblr-2946	408	3	,	,	PUNCT
cblr-2946	408	4	in	in	ADP
cblr-2946	408	5	an	an	DET
cblr-2946	408	6	effort	effort	NOUN
cblr-2946	408	7	partly	partly	ADV
cblr-2946	408	8	aimed	aim	VERB
cblr-2946	408	9	at	at	ADP
cblr-2946	408	10	increasing	increase	VERB
cblr-2946	408	11	accountability	accountability	NOUN
cblr-2946	408	12	of	of	ADP
cblr-2946	408	13	cras	cras	PROPN
cblr-2946	408	14	,	,	PUNCT
cblr-2946	408	15	passed	pass	VERB
cblr-2946	408	16	the	the	DET
cblr-2946	408	17	credit	credit	NOUN
cblr-2946	408	18	rating	rating	NOUN
cblr-2946	408	19	agency	agency	NOUN
cblr-2946	408	20	reform	reform	PROPN
cblr-2946	408	21	act	act	NOUN
cblr-2946	408	22	of	of	ADP
cblr-2946	408	23	2006.11	2006.11	NUM
cblr-2946	408	24	through	through	ADP
cblr-2946	408	25	this	this	DET
cblr-2946	408	26	act	act	NOUN
cblr-2946	408	27	,	,	PUNCT
cblr-2946	408	28	congress	congress	PROPN
cblr-2946	408	29	clarified	clarify	VERB
cblr-2946	408	30	the	the	DET
cblr-2946	408	31	sec	sec	PROPN
cblr-2946	408	32	's	's	PART
cblr-2946	408	33	authority	authority	NOUN
cblr-2946	408	34	over	over	ADP
cblr-2946	408	35	nrsros	nrsros	PROPN
cblr-2946	408	36	and	and	CCONJ
cblr-2946	408	37	established	establish	VERB
cblr-2946	408	38	a	a	DET
cblr-2946	408	39	clear	clear	ADJ
cblr-2946	408	40	process	process	NOUN
cblr-2946	408	41	for	for	ADP
cblr-2946	408	42	achieving	achieve	VERB
cblr-2946	408	43	nrsro	nrsro	ADJ
cblr-2946	408	44	designation	designation	NOUN
cblr-2946	408	45	.	.	PUNCT
cblr-2946	409	1	'14	'14	NUM
cblr-2946	409	2	it	it	PRON
cblr-2946	409	3	is	be	AUX
cblr-2946	409	4	unclear	unclear	ADJ
cblr-2946	409	5	whether	whether	SCONJ
cblr-2946	409	6	the	the	DET
cblr-2946	409	7	act	act	NOUN
cblr-2946	409	8	will	will	AUX
cblr-2946	409	9	successfully	successfully	ADV
cblr-2946	409	10	increase	increase	VERB
cblr-2946	409	11	accountability	accountability	NOUN
cblr-2946	409	12	.	.	PUNCT
cblr-2946	410	1	on	on	ADP
cblr-2946	410	2	one	one	NUM
cblr-2946	410	3	hand	hand	NOUN
cblr-2946	410	4	,	,	PUNCT
cblr-2946	410	5	the	the	DET
cblr-2946	410	6	act	act	NOUN
cblr-2946	410	7	gives	give	VERB
cblr-2946	410	8	the	the	DET
cblr-2946	410	9	sec	sec	PROPN
cblr-2946	410	10	exclusive	exclusive	ADJ
cblr-2946	410	11	authority	authority	NOUN
cblr-2946	410	12	to	to	PART
cblr-2946	410	13	enforce	enforce	VERB
cblr-2946	410	14	provisions	provision	NOUN
cblr-2946	410	15	of	of	ADP
cblr-2946	410	16	the	the	DET
cblr-2946	410	17	act	act	NOUN
cblr-2946	410	18	if	if	SCONJ
cblr-2946	410	19	an	an	DET
cblr-2946	410	20	nrsro	nrsro	ADJ
cblr-2946	410	21	issues	issue	NOUN
cblr-2946	410	22	credit	credit	NOUN
cblr-2946	410	23	ratings	rating	NOUN
cblr-2946	410	24	in	in	ADP
cblr-2946	410	25	contravention	contravention	NOUN
cblr-2946	410	26	of	of	ADP
cblr-2946	410	27	the	the	DET
cblr-2946	410	28	procedures	procedure	NOUN
cblr-2946	410	29	it	it	PRON
cblr-2946	410	30	discloses	disclose	VERB
cblr-2946	410	31	in	in	ADP
cblr-2946	410	32	its	its	PRON
cblr-2946	410	33	application	application	NOUN
cblr-2946	410	34	or	or	CCONJ
cblr-2946	410	35	in	in	ADP
cblr-2946	410	36	other	other	ADJ
cblr-2946	410	37	required	require	VERB
cblr-2946	410	38	disclosures	disclosure	NOUN
cblr-2946	410	39	.	.	PUNCT
cblr-2946	410	40	"	"	PUNCT
cblr-2946	410	41	'	'	PUNCT
cblr-2946	410	42	on	on	ADP
cblr-2946	410	43	the	the	DET
cblr-2946	410	44	other	other	ADJ
cblr-2946	410	45	hand	hand	NOUN
cblr-2946	410	46	,	,	PUNCT
cblr-2946	410	47	the	the	DET
cblr-2946	410	48	act	act	NOUN
cblr-2946	410	49	prohibits	prohibit	VERB
cblr-2946	410	50	the	the	DET
cblr-2946	410	51	sec	sec	PROPN
cblr-2946	410	52	from	from	ADP
cblr-2946	410	53	regulating	regulate	VERB
cblr-2946	410	54	"	"	PUNCT
cblr-2946	410	55	the	the	DET
cblr-2946	410	56	"	"	PUNCT
cblr-2946	410	57	'	'	PUNCT
cblr-2946	410	58	hunt	hunt	NOUN
cblr-2946	410	59	,	,	PUNCT
cblr-2946	410	60	supra	supra	PROPN
cblr-2946	410	61	note	note	NOUN
cblr-2946	410	62	3	3	NUM
cblr-2946	410	63	,	,	PUNCT
cblr-2946	410	64	at	at	ADP
cblr-2946	410	65	133	133	NUM
cblr-2946	410	66	.	.	PUNCT
cblr-2946	411	1	112	112	NUM
cblr-2946	411	2	see	see	VERB
cblr-2946	411	3	i	i	PRON
cblr-2946	411	4	d.	d.	PROPN
cblr-2946	411	5	at	at	ADP
cblr-2946	411	6	133	133	NUM
cblr-2946	411	7	(	(	PUNCT
cblr-2946	411	8	citing	cite	VERB
cblr-2946	411	9	examining	examine	VERB
cblr-2946	411	10	the	the	DET
cblr-2946	411	11	role	role	NOUN
cblr-2946	411	12	of	of	ADP
cblr-2946	411	13	the	the	DET
cblr-2946	411	14	capital	capital	NOUN
cblr-2946	411	15	markets	market	NOUN
cblr-2946	411	16	:	:	PUNCT
cblr-2946	411	17	hearing	hear	VERB
cblr-2946	411	18	before	before	ADP
cblr-2946	411	19	the	the	DET
cblr-2946	411	20	s.	s.	PROPN
cblr-2946	411	21	comm	comm	NOUN
cblr-2946	411	22	.	.	PUNCT
cblr-2946	412	1	on	on	ADP
cblr-2946	412	2	banking	banking	NOUN
cblr-2946	412	3	,	,	PUNCT
cblr-2946	412	4	housing	housing	PROPN
cblr-2946	412	5	&	&	CCONJ
cblr-2946	412	6	urban	urban	PROPN
cblr-2946	412	7	affairs	affairs	PROPN
cblr-2946	412	8	,	,	PUNCT
cblr-2946	412	9	109th	109th	ADJ
cblr-2946	412	10	cong	cong	NOUN
cblr-2946	412	11	.	.	PUNCT
cblr-2946	412	12	197	197	NUM
cblr-2946	412	13	(	(	PUNCT
cblr-2946	412	14	2005	2005	NUM
cblr-2946	412	15	)	)	PUNCT
cblr-2946	412	16	(	(	PUNCT
cblr-2946	412	17	statement	statement	NOUN
cblr-2946	412	18	of	of	ADP
cblr-2946	412	19	kent	kent	PROPN
cblr-2946	412	20	wideman	wideman	PROPN
cblr-2946	412	21	,	,	PUNCT
cblr-2946	412	22	executive	executive	ADJ
cblr-2946	412	23	vice	vice	NOUN
cblr-2946	412	24	president	president	NOUN
cblr-2946	412	25	,	,	PUNCT
cblr-2946	412	26	dominion	dominion	NOUN
cblr-2946	412	27	bond	bond	NOUN
cblr-2946	412	28	rating	rating	NOUN
cblr-2946	412	29	service	service	NOUN
cblr-2946	412	30	)	)	PUNCT
cblr-2946	412	31	(	(	PUNCT
cblr-2946	412	32	describing	describe	VERB
cblr-2946	412	33	the	the	DET
cblr-2946	412	34	process	process	NOUN
cblr-2946	412	35	as	as	ADV
cblr-2946	412	36	unclear	unclear	ADJ
cblr-2946	412	37	and	and	CCONJ
cblr-2946	412	38	resulting	result	VERB
cblr-2946	412	39	in	in	ADP
cblr-2946	412	40	untimely	untimely	ADJ
cblr-2946	412	41	decisions	decision	NOUN
cblr-2946	412	42	)	)	PUNCT
cblr-2946	412	43	;	;	PUNCT
cblr-2946	412	44	h.r	h.r	PROPN
cblr-2946	412	45	.	.	PROPN
cblr-2946	412	46	2990	2990	NUM
cblr-2946	412	47	,	,	PUNCT
cblr-2946	412	48	109th	109th	ADJ
cblr-2946	412	49	cong	cong	NOUN
cblr-2946	412	50	.	.	PUNCT
cblr-2946	413	1	(	(	PUNCT
cblr-2946	413	2	2005	2005	NUM
cblr-2946	413	3	)	)	PUNCT
cblr-2946	413	4	;	;	PUNCT
cblr-2946	413	5	the	the	DET
cblr-2946	413	6	credit	credit	NOUN
cblr-2946	413	7	rating	rating	NOUN
cblr-2946	413	8	agency	agency	NOUN
cblr-2946	413	9	duopoly	duopoly	ADJ
cblr-2946	413	10	relief	relief	NOUN
cblr-2946	413	11	act	act	NOUN
cblr-2946	413	12	:	:	PUNCT
cblr-2946	413	13	hearing	hear	VERB
cblr-2946	413	14	before	before	ADP
cblr-2946	413	15	the	the	DET
cblr-2946	413	16	h.	h.	PROPN
cblr-2946	413	17	comm	comm	NOUN
cblr-2946	413	18	.	.	PUNCT
cblr-2946	414	1	on	on	ADP
cblr-2946	414	2	fin	fin	NOUN
cblr-2946	414	3	.	.	PUNCT
cblr-2946	415	1	servs	servs	PROPN
cblr-2946	415	2	.	.	PUNCT
cblr-2946	415	3	,	,	PUNCT
cblr-2946	415	4	109th	109th	ADJ
cblr-2946	415	5	cong	cong	NOUN
cblr-2946	415	6	.	.	PUNCT
cblr-2946	416	1	21	21	NUM
cblr-2946	416	2	(	(	PUNCT
cblr-2946	416	3	2005	2005	NUM
cblr-2946	416	4	)	)	PUNCT
cblr-2946	416	5	(	(	PUNCT
cblr-2946	416	6	testimony	testimony	NOUN
cblr-2946	416	7	of	of	ADP
cblr-2946	416	8	sean	sean	PROPN
cblr-2946	416	9	egan	egan	PROPN
cblr-2946	416	10	,	,	PUNCT
cblr-2946	416	11	managing	managing	NOUN
cblr-2946	416	12	director	director	NOUN
cblr-2946	416	13	,	,	PUNCT
cblr-2946	416	14	egan	egan	PROPN
cblr-2946	416	15	-	-	PUNCT
cblr-2946	416	16	jones	jones	PROPN
cblr-2946	416	17	rating	rating	PROPN
cblr-2946	416	18	co.	co.	PROPN
cblr-2946	416	19	)	)	PUNCT
cblr-2946	416	20	)	)	PUNCT
cblr-2946	416	21	.	.	PUNCT
cblr-2946	417	1	113	113	NUM
cblr-2946	417	2	registration	registration	NOUN
cblr-2946	417	3	of	of	ADP
cblr-2946	417	4	nationally	nationally	ADV
cblr-2946	417	5	recognized	recognize	VERB
cblr-2946	417	6	statistical	statistical	ADJ
cblr-2946	417	7	rating	rating	NOUN
cblr-2946	417	8	organizations	organization	NOUN
cblr-2946	417	9	,	,	PUNCT
cblr-2946	417	10	15	15	NUM
cblr-2946	417	11	u.s.c	u.s.c	ADJ
cblr-2946	417	12	.	.	PUNCT
cblr-2946	418	1	§	§	PROPN
cblr-2946	418	2	78o-7	78o-7	PROPN
cblr-2946	418	3	(	(	PUNCT
cblr-2946	418	4	2009	2009	NUM
cblr-2946	418	5	)	)	PUNCT
cblr-2946	418	6	(	(	PUNCT
cblr-2946	418	7	"	"	PUNCT
cblr-2946	418	8	an	an	PRON
cblr-2946	418	9	[	[	X
cblr-2946	418	10	a]ct	a]ct	X
cblr-2946	418	11	[	[	X
cblr-2946	418	12	t]o	t]o	AUX
cblr-2946	418	13	improve	improve	VERB
cblr-2946	418	14	ratings	rating	NOUN
cblr-2946	418	15	quality	quality	NOUN
cblr-2946	418	16	for	for	ADP
cblr-2946	418	17	the	the	DET
cblr-2946	418	18	protection	protection	NOUN
cblr-2946	418	19	of	of	ADP
cblr-2946	418	20	investors	investor	NOUN
cblr-2946	418	21	and	and	CCONJ
cblr-2946	418	22	in	in	ADP
cblr-2946	418	23	the	the	DET
cblr-2946	418	24	public	public	ADJ
cblr-2946	418	25	interest	interest	NOUN
cblr-2946	418	26	by	by	ADP
cblr-2946	418	27	fostering	foster	VERB
cblr-2946	418	28	accountability	accountability	NOUN
cblr-2946	418	29	,	,	PUNCT
cblr-2946	418	30	transparency	transparency	NOUN
cblr-2946	418	31	,	,	PUNCT
cblr-2946	418	32	and	and	CCONJ
cblr-2946	418	33	competition	competition	NOUN
cblr-2946	418	34	in	in	ADP
cblr-2946	418	35	the	the	DET
cblr-2946	418	36	credit	credit	NOUN
cblr-2946	418	37	rating	rating	NOUN
cblr-2946	418	38	agency	agency	NOUN
cblr-2946	418	39	industry	industry	NOUN
cblr-2946	418	40	.	.	PUNCT
cblr-2946	418	41	"	"	PUNCT
cblr-2946	418	42	)	)	PUNCT
cblr-2946	418	43	.	.	PUNCT
cblr-2946	419	1	114	114	NUM
cblr-2946	419	2	see	see	VERB
cblr-2946	419	3	generally	generally	ADV
cblr-2946	419	4	i	i	PRON
cblr-2946	419	5	d.	d.	PROPN
cblr-2946	419	6	5	5	NUM
cblr-2946	419	7	15	15	NUM
cblr-2946	419	8	u.s.c	u.s.c	NOUN
cblr-2946	419	9	.	.	PUNCT
cblr-2946	420	1	§	§	PROPN
cblr-2946	420	2	78o-7(c)(1	78o-7(c)(1	NOUN
cblr-2946	420	3	)	)	PUNCT
cblr-2946	420	4	(	(	PUNCT
cblr-2946	420	5	2009	2009	NUM
cblr-2946	420	6	)	)	PUNCT
cblr-2946	420	7	.	.	PUNCT
cblr-2946	421	1	[	[	X
cblr-2946	421	2	vol	vol	NOUN
cblr-2946	421	3	.	.	PUNCT
cblr-2946	421	4	2009	2009	NUM
cblr-2946	421	5	no	no	NOUN
cblr-2946	421	6	.	.	PUNCT
cblr-2946	422	1	2:605	2:605	NUM
cblr-2946	422	2	]	]	X
cblr-2946	422	3	credit	credit	NOUN
cblr-2946	422	4	rating	rating	NOUN
cblr-2946	422	5	agencies	agency	NOUN
cblr-2946	422	6	and	and	CCONJ
cblr-2946	422	7	the	the	DET
cblr-2946	422	8	credit	credit	NOUN
cblr-2946	422	9	crisis	crisis	NOUN
cblr-2946	422	10	631	631	NUM
cblr-2946	422	11	substance	substance	NOUN
cblr-2946	422	12	of	of	ADP
cblr-2946	422	13	credit	credit	NOUN
cblr-2946	422	14	ratings	rating	NOUN
cblr-2946	422	15	or	or	CCONJ
cblr-2946	422	16	the	the	DET
cblr-2946	422	17	procedures	procedure	NOUN
cblr-2946	422	18	and	and	CCONJ
cblr-2946	422	19	methodologies	methodology	NOUN
cblr-2946	422	20	"	"	PUNCT
cblr-2946	422	21	employed	employ	VERB
cblr-2946	422	22	by	by	ADP
cblr-2946	422	23	nrsros	nrsro	NOUN
cblr-2946	422	24	and	and	CCONJ
cblr-2946	422	25	provides	provide	VERB
cblr-2946	422	26	that	that	SCONJ
cblr-2946	422	27	rules	rule	NOUN
cblr-2946	422	28	and	and	CCONJ
cblr-2946	422	29	regulations	regulation	NOUN
cblr-2946	422	30	"	"	PUNCT
cblr-2946	422	31	shall	shall	AUX
cblr-2946	422	32	be	be	AUX
cblr-2946	422	33	narrowly	narrowly	ADV
cblr-2946	422	34	tailored	tailor	VERB
cblr-2946	422	35	"	"	PUNCT
cblr-2946	422	36	to	to	PART
cblr-2946	422	37	meet	meet	VERB
cblr-2946	422	38	the	the	DET
cblr-2946	422	39	act	act	NOUN
cblr-2946	422	40	's	's	PART
cblr-2946	422	41	requirements	requirement	NOUN
cblr-2946	422	42	.	.	PUNCT
cblr-2946	422	43	"	"	PUNCT
cblr-2946	423	1	6	6	NUM
cblr-2946	423	2	while	while	SCONJ
cblr-2946	423	3	the	the	DET
cblr-2946	423	4	effectiveness	effectiveness	NOUN
cblr-2946	423	5	of	of	ADP
cblr-2946	423	6	the	the	DET
cblr-2946	423	7	act	act	NOUN
cblr-2946	423	8	remains	remain	VERB
cblr-2946	423	9	an	an	DET
cblr-2946	423	10	open	open	ADJ
cblr-2946	423	11	question	question	NOUN
cblr-2946	423	12	,	,	PUNCT
cblr-2946	423	13	the	the	DET
cblr-2946	423	14	historic	historic	ADJ
cblr-2946	423	15	lack	lack	NOUN
cblr-2946	423	16	of	of	ADP
cblr-2946	423	17	regulatory	regulatory	ADJ
cblr-2946	423	18	oversight	oversight	NOUN
cblr-2946	423	19	that	that	PRON
cblr-2946	423	20	existed	exist	VERB
cblr-2946	423	21	prior	prior	ADV
cblr-2946	423	22	to	to	ADP
cblr-2946	423	23	the	the	DET
cblr-2946	423	24	act	act	NOUN
cblr-2946	423	25	could	could	AUX
cblr-2946	423	26	have	have	AUX
cblr-2946	423	27	created	create	VERB
cblr-2946	423	28	an	an	DET
cblr-2946	423	29	accountability	accountability	NOUN
cblr-2946	423	30	void	void	NOUN
cblr-2946	423	31	that	that	PRON
cblr-2946	423	32	permitted	permit	VERB
cblr-2946	423	33	cras	cras	PROPN
cblr-2946	423	34	to	to	PART
cblr-2946	423	35	compromise	compromise	VERB
cblr-2946	423	36	their	their	PRON
cblr-2946	423	37	ratings	rating	NOUN
cblr-2946	423	38	to	to	PART
cblr-2946	423	39	benefit	benefit	VERB
cblr-2946	423	40	issuers	issuer	NOUN
cblr-2946	423	41	.	.	PUNCT
cblr-2946	424	1	at	at	ADP
cblr-2946	424	2	a	a	DET
cblr-2946	424	3	minimum	minimum	NOUN
cblr-2946	424	4	,	,	PUNCT
cblr-2946	424	5	cras	cras	PROPN
cblr-2946	424	6	did	do	AUX
cblr-2946	424	7	not	not	PART
cblr-2946	424	8	face	face	VERB
cblr-2946	424	9	any	any	DET
cblr-2946	424	10	regulatory	regulatory	ADJ
cblr-2946	424	11	consequences	consequence	NOUN
cblr-2946	424	12	for	for	ADP
cblr-2946	424	13	inflating	inflate	VERB
cblr-2946	424	14	ratings	rating	NOUN
cblr-2946	424	15	to	to	PART
cblr-2946	424	16	appease	appease	VERB
cblr-2946	424	17	their	their	PRON
cblr-2946	424	18	customers	customer	NOUN
cblr-2946	424	19	.	.	PUNCT
cblr-2946	425	1	b.private	b.private	ADJ
cblr-2946	425	2	legal	legal	ADJ
cblr-2946	425	3	liability	liability	NOUN
cblr-2946	425	4	in	in	ADP
cblr-2946	425	5	addition	addition	NOUN
cblr-2946	425	6	to	to	ADP
cblr-2946	425	7	a	a	DET
cblr-2946	425	8	historical	historical	ADJ
cblr-2946	425	9	lack	lack	NOUN
cblr-2946	425	10	of	of	ADP
cblr-2946	425	11	regulatory	regulatory	ADJ
cblr-2946	425	12	accountability	accountability	NOUN
cblr-2946	425	13	,	,	PUNCT
cblr-2946	425	14	cras	cras	PROPN
cblr-2946	425	15	have	have	AUX
cblr-2946	425	16	remained	remained	AUX
cblr-2946	425	17	essentially	essentially	ADV
cblr-2946	425	18	insulated	insulate	VERB
cblr-2946	425	19	from	from	ADP
cblr-2946	425	20	liability	liability	NOUN
cblr-2946	425	21	in	in	ADP
cblr-2946	425	22	private	private	ADJ
cblr-2946	425	23	litigation	litigation	NOUN
cblr-2946	425	24	.	.	PUNCT
cblr-2946	426	1	"7	"7	INTJ
cblr-2946	426	2	the	the	DET
cblr-2946	426	3	securities	security	NOUN
cblr-2946	426	4	laws	law	NOUN
cblr-2946	426	5	seem	seem	VERB
cblr-2946	426	6	to	to	PART
cblr-2946	426	7	provide	provide	VERB
cblr-2946	426	8	a	a	DET
cblr-2946	426	9	natural	natural	ADJ
cblr-2946	426	10	hook	hook	NOUN
cblr-2946	426	11	for	for	ADP
cblr-2946	426	12	holding	hold	VERB
cblr-2946	426	13	cras	cras	PROPN
cblr-2946	426	14	liable	liable	ADJ
cblr-2946	426	15	,	,	PUNCT
cblr-2946	426	16	since	since	SCONJ
cblr-2946	426	17	cras	cras	X
cblr-2946	426	18	issue	issue	NOUN
cblr-2946	426	19	ratings	rating	NOUN
cblr-2946	426	20	on	on	ADP
cblr-2946	426	21	bonds	bond	NOUN
cblr-2946	426	22	and	and	CCONJ
cblr-2946	426	23	other	other	ADJ
cblr-2946	426	24	publicly	publicly	ADV
cblr-2946	426	25	traded	trade	VERB
cblr-2946	426	26	notes	note	NOUN
cblr-2946	426	27	.	.	PUNCT
cblr-2946	427	1	"	"	PUNCT
cblr-2946	427	2	'	'	PUNCT
cblr-2946	427	3	to	to	ADP
cblr-2946	427	4	date	date	NOUN
cblr-2946	427	5	,	,	PUNCT
cblr-2946	427	6	however	however	ADV
cblr-2946	427	7	,	,	PUNCT
cblr-2946	427	8	no	no	DET
cblr-2946	427	9	cra	cra	PROPN
cblr-2946	427	10	has	have	AUX
cblr-2946	427	11	apparently	apparently	ADV
cblr-2946	427	12	been	be	AUX
cblr-2946	427	13	held	hold	VERB
cblr-2946	427	14	liable	liable	ADJ
cblr-2946	427	15	in	in	ADP
cblr-2946	427	16	a	a	DET
cblr-2946	427	17	securities	security	NOUN
cblr-2946	427	18	class	class	NOUN
cblr-2946	427	19	action	action	NOUN
cblr-2946	427	20	.	.	PUNCT
cblr-2946	428	1	"	"	PUNCT
cblr-2946	428	2	i	i	PRON
cblr-2946	428	3	section	section	VERB
cblr-2946	428	4	11	11	NUM
cblr-2946	428	5	of	of	ADP
cblr-2946	428	6	the	the	DET
cblr-2946	428	7	securities	security	NOUN
cblr-2946	428	8	act	act	NOUN
cblr-2946	428	9	of	of	ADP
cblr-2946	428	10	1933	1933	NUM
cblr-2946	428	11	exempts	exempt	VERB
cblr-2946	428	12	cras	cra	NOUN
cblr-2946	428	13	from	from	ADP
cblr-2946	428	14	liability	liability	NOUN
cblr-2946	428	15	.	.	PUNCT
cblr-2946	429	1	120	120	NUM
cblr-2946	429	2	moreover	moreover	ADV
cblr-2946	429	3	,	,	PUNCT
cblr-2946	429	4	while	while	SCONJ
cblr-2946	429	5	an	an	DET
cblr-2946	429	6	argument	argument	NOUN
cblr-2946	429	7	exists	exist	VERB
cblr-2946	429	8	for	for	ADP
cblr-2946	429	9	holding	hold	VERB
cblr-2946	429	10	cras	cras	PROPN
cblr-2946	429	11	liable	liable	ADJ
cblr-2946	429	12	under	under	ADP
cblr-2946	429	13	section	section	NOUN
cblr-2946	429	14	10(b	10(b	NUM
cblr-2946	429	15	)	)	PUNCT
cblr-2946	429	16	of	of	ADP
cblr-2946	429	17	the	the	DET
cblr-2946	429	18	securities	securities	PROPN
cblr-2946	429	19	exchange	exchange	PROPN
cblr-2946	429	20	act	act	NOUN
cblr-2946	429	21	of	of	ADP
cblr-2946	429	22	1934	1934	NUM
cblr-2946	429	23	and	and	CCONJ
cblr-2946	429	24	rule	rule	VERB
cblr-2946	429	25	10b-5	10b-5	NUM
cblr-2946	429	26	promulgated	promulgate	VERB
cblr-2946	429	27	thereunder	thereunder	NOUN
cblr-2946	429	28	,	,	PUNCT
cblr-2946	429	29	private	private	ADJ
cblr-2946	429	30	plaintiffs	plaintiff	NOUN
cblr-2946	429	31	,	,	PUNCT
cblr-2946	429	32	including	include	VERB
cblr-2946	429	33	issuers	issuer	NOUN
cblr-2946	429	34	and	and	CCONJ
cblr-2946	429	35	other	other	ADJ
cblr-2946	429	36	market	market	NOUN
cblr-2946	429	37	participants	participant	NOUN
cblr-2946	429	38	,	,	PUNCT
cblr-2946	429	39	have	have	AUX
cblr-2946	429	40	faced	face	VERB
cblr-2946	429	41	116	116	NUM
cblr-2946	429	42	15	15	NUM
cblr-2946	429	43	u.s.c	u.s.c	NOUN
cblr-2946	429	44	.	.	PUNCT
cblr-2946	430	1	§	§	PROPN
cblr-2946	430	2	78o-7(c)(2	78o-7(c)(2	NOUN
cblr-2946	430	3	)	)	PUNCT
cblr-2946	430	4	(	(	PUNCT
cblr-2946	430	5	2009	2009	NUM
cblr-2946	430	6	)	)	PUNCT
cblr-2946	430	7	.	.	PUNCT
cblr-2946	431	1	117	117	NUM
cblr-2946	431	2	see	see	NOUN
cblr-2946	431	3	,	,	PUNCT
cblr-2946	431	4	e.g.	e.g.	ADV
cblr-2946	431	5	,	,	PUNCT
cblr-2946	431	6	coffee	coffee	NOUN
cblr-2946	431	7	,	,	PUNCT
cblr-2946	431	8	supra	supra	PROPN
cblr-2946	431	9	note	note	NOUN
cblr-2946	431	10	7	7	NUM
cblr-2946	431	11	,	,	PUNCT
cblr-2946	431	12	at	at	ADP
cblr-2946	431	13	302	302	NUM
cblr-2946	431	14	(	(	PUNCT
cblr-2946	431	15	noting	note	VERB
cblr-2946	431	16	that	that	SCONJ
cblr-2946	431	17	cras	cras	PROPN
cblr-2946	431	18	enjoy	enjoy	VERB
cblr-2946	431	19	"	"	PUNCT
cblr-2946	431	20	virtual	virtual	ADJ
cblr-2946	431	21	immunity	immunity	NOUN
cblr-2946	431	22	"	"	PUNCT
cblr-2946	431	23	from	from	ADP
cblr-2946	431	24	private	private	ADJ
cblr-2946	431	25	litigation	litigation	NOUN
cblr-2946	431	26	)	)	PUNCT
cblr-2946	431	27	;	;	PUNCT
cblr-2946	431	28	jeffrey	jeffrey	PROPN
cblr-2946	431	29	manns	manns	PROPN
cblr-2946	431	30	,	,	PUNCT
cblr-2946	431	31	rating	rating	NOUN
cblr-2946	431	32	risk	risk	NOUN
cblr-2946	431	33	after	after	ADP
cblr-2946	431	34	the	the	DET
cblr-2946	431	35	subprime	subprime	ADJ
cblr-2946	431	36	mortgage	mortgage	NOUN
cblr-2946	431	37	crisis	crisis	NOUN
cblr-2946	431	38	:	:	PUNCT
cblr-2946	431	39	a	a	DET
cblr-2946	431	40	user	user	NOUN
cblr-2946	431	41	fee	fee	NOUN
cblr-2946	431	42	approach	approach	NOUN
cblr-2946	431	43	for	for	ADP
cblr-2946	431	44	rating	rating	NOUN
cblr-2946	431	45	agency	agency	PROPN
cblr-2946	431	46	accountability	accountability	PROPN
cblr-2946	431	47	n.c	n.c	PROPN
cblr-2946	431	48	.	.	PROPN
cblr-2946	431	49	l.	l.	PROPN
cblr-2946	431	50	rev	rev	PROPN
cblr-2946	431	51	.	.	PUNCT
cblr-2946	432	1	(	(	PUNCT
cblr-2946	432	2	forthcoming	forthcoming	ADJ
cblr-2946	432	3	)	)	PUNCT
cblr-2946	432	4	(	(	PUNCT
cblr-2946	432	5	manuscript	manuscript	NOUN
cblr-2946	432	6	at	at	ADP
cblr-2946	432	7	42	42	NUM
cblr-2946	432	8	,	,	PUNCT
cblr-2946	432	9	available	available	ADJ
cblr-2946	432	10	at	at	ADP
cblr-2946	432	11	http://ssrn.com/abstract=1199622	http://ssrn.com/abstract=1199622	PROPN
cblr-2946	432	12	)	)	PUNCT
cblr-2946	432	13	(	(	PUNCT
cblr-2946	432	14	"	"	PUNCT
cblr-2946	432	15	what	what	PRON
cblr-2946	432	16	is	be	AUX
cblr-2946	432	17	clear	clear	ADJ
cblr-2946	432	18	is	be	AUX
cblr-2946	432	19	that	that	SCONJ
cblr-2946	432	20	rating	rating	NOUN
cblr-2946	432	21	agencies	agency	NOUN
cblr-2946	432	22	face	face	VERB
cblr-2946	432	23	little	little	ADJ
cblr-2946	432	24	or	or	CCONJ
cblr-2946	432	25	no	no	PRON
cblr-2946	432	26	accountability	accountability	NOUN
cblr-2946	432	27	to	to	ADP
cblr-2946	432	28	issuers	issuer	NOUN
cblr-2946	432	29	and	and	CCONJ
cblr-2946	432	30	generally	generally	ADV
cblr-2946	432	31	have	have	VERB
cblr-2946	432	32	no	no	DET
cblr-2946	432	33	liability	liability	NOUN
cblr-2946	432	34	exposure	exposure	NOUN
cblr-2946	432	35	to	to	ADP
cblr-2946	432	36	creditors	creditor	NOUN
cblr-2946	432	37	or	or	CCONJ
cblr-2946	432	38	other	other	ADJ
cblr-2946	432	39	financial	financial	ADJ
cblr-2946	432	40	market	market	NOUN
cblr-2946	432	41	participants	participant	NOUN
cblr-2946	432	42	.	.	PUNCT
cblr-2946	433	1	"	"	PUNCT
cblr-2946	433	2	)	)	PUNCT
cblr-2946	433	3	.	.	PUNCT
cblr-2946	434	1	11	11	NUM
cblr-2946	434	2	coffee	coffee	NOUN
cblr-2946	434	3	,	,	PUNCT
cblr-2946	434	4	supra	supra	PROPN
cblr-2946	434	5	note	note	NOUN
cblr-2946	434	6	7	7	NUM
cblr-2946	434	7	,	,	PUNCT
cblr-2946	434	8	at	at	ADP
cblr-2946	434	9	302	302	NUM
cblr-2946	434	10	(	(	PUNCT
cblr-2946	434	11	noting	note	VERB
cblr-2946	434	12	that	that	SCONJ
cblr-2946	434	13	bonds	bond	NOUN
cblr-2946	434	14	and	and	CCONJ
cblr-2946	434	15	other	other	ADJ
cblr-2946	434	16	publiclytraded	publiclytrade	VERB
cblr-2946	434	17	notes	note	NOUN
cblr-2946	434	18	are	be	AUX
cblr-2946	434	19	"	"	PUNCT
cblr-2946	434	20	securities	security	NOUN
cblr-2946	434	21	"	"	PUNCT
cblr-2946	434	22	)	)	PUNCT
cblr-2946	434	23	(	(	PUNCT
cblr-2946	434	24	citing	cite	VERB
cblr-2946	434	25	rating	rating	NOUN
cblr-2946	434	26	agencies	agency	NOUN
cblr-2946	434	27	and	and	CCONJ
cblr-2946	434	28	the	the	DET
cblr-2946	434	29	use	use	NOUN
cblr-2946	434	30	of	of	ADP
cblr-2946	434	31	credit	credit	NOUN
cblr-2946	434	32	ratings	rating	NOUN
cblr-2946	434	33	under	under	ADP
cblr-2946	434	34	the	the	DET
cblr-2946	434	35	federal	federal	ADJ
cblr-2946	434	36	securities	security	NOUN
cblr-2946	434	37	laws	law	NOUN
cblr-2946	434	38	,	,	PUNCT
cblr-2946	434	39	securities	security	NOUN
cblr-2946	434	40	act	act	NOUN
cblr-2946	434	41	release	release	VERB
cblr-2946	434	42	no	no	PRON
cblr-2946	434	43	.	.	NOUN
cblr-2946	434	44	8236	8236	NUM
cblr-2946	434	45	(	(	PUNCT
cblr-2946	434	46	june	june	PROPN
cblr-2946	434	47	12	12	NUM
cblr-2946	434	48	,	,	PUNCT
cblr-2946	434	49	2003	2003	NUM
cblr-2946	434	50	)	)	PUNCT
cblr-2946	434	51	)	)	PUNCT
cblr-2946	434	52	.	.	PUNCT
cblr-2946	435	1	119	119	NUM
cblr-2946	435	2	coffee	coffee	NOUN
cblr-2946	435	3	,	,	PUNCT
cblr-2946	435	4	supra	supra	PROPN
cblr-2946	435	5	note	note	NOUN
cblr-2946	435	6	31	31	NUM
cblr-2946	435	7	(	(	PUNCT
cblr-2946	435	8	noting	note	VERB
cblr-2946	435	9	in	in	ADP
cblr-2946	435	10	a	a	DET
cblr-2946	435	11	footnote	footnote	NOUN
cblr-2946	435	12	that	that	SCONJ
cblr-2946	435	13	it	it	PRON
cblr-2946	435	14	does	do	AUX
cblr-2946	435	15	not	not	PART
cblr-2946	435	16	appear	appear	VERB
cblr-2946	435	17	a	a	DET
cblr-2946	435	18	cra	cra	PROPN
cblr-2946	435	19	has	have	AUX
cblr-2946	435	20	been	be	AUX
cblr-2946	435	21	held	hold	VERB
cblr-2946	435	22	liable	liable	ADJ
cblr-2946	435	23	in	in	ADP
cblr-2946	435	24	a	a	DET
cblr-2946	435	25	securities	security	NOUN
cblr-2946	435	26	class	class	NOUN
cblr-2946	435	27	action	action	NOUN
cblr-2946	435	28	)	)	PUNCT
cblr-2946	435	29	.	.	PUNCT
cblr-2946	436	1	120	120	NUM
cblr-2946	436	2	hill	hill	NOUN
cblr-2946	436	3	,	,	PUNCT
cblr-2946	436	4	supra	supra	PROPN
cblr-2946	436	5	note	note	PROPN
cblr-2946	436	6	7	7	NUM
cblr-2946	436	7	,	,	PUNCT
cblr-2946	436	8	at	at	ADP
cblr-2946	436	9	56	56	NUM
cblr-2946	436	10	-	-	SYM
cblr-2946	436	11	57	57	NUM
cblr-2946	436	12	;	;	PUNCT
cblr-2946	436	13	17	17	NUM
cblr-2946	436	14	c.f.r	c.f.r	NOUN
cblr-2946	436	15	.	.	PUNCT
cblr-2946	437	1	§	§	PROPN
cblr-2946	437	2	230.436(g)(1	230.436(g)(1	NUM
cblr-2946	437	3	)	)	PUNCT
cblr-2946	437	4	(	(	PUNCT
cblr-2946	437	5	2009	2009	NUM
cblr-2946	437	6	)	)	PUNCT
cblr-2946	437	7	.	.	PUNCT
cblr-2946	438	1	at	at	ADV
cblr-2946	438	2	least	least	ADV
cblr-2946	438	3	two	two	NUM
cblr-2946	438	4	hurdles	hurdle	NOUN
cblr-2946	438	5	when	when	SCONJ
cblr-2946	438	6	attempting	attempt	VERB
cblr-2946	438	7	to	to	PART
cblr-2946	438	8	hold	hold	VERB
cblr-2946	438	9	cras	cras	PROPN
cblr-2946	438	10	liable	liable	ADJ
cblr-2946	438	11	under	under	ADP
cblr-2946	438	12	any	any	DET
cblr-2946	438	13	cause	cause	NOUN
cblr-2946	438	14	of	of	ADP
cblr-2946	438	15	action	action	NOUN
cblr-2946	438	16	.	.	PUNCT
cblr-2946	439	1	"	"	PUNCT
cblr-2946	439	2	'	'	PUNCT
cblr-2946	439	3	first	first	ADV
cblr-2946	439	4	,	,	PUNCT
cblr-2946	439	5	and	and	CCONJ
cblr-2946	439	6	primarily	primarily	ADV
cblr-2946	439	7	,	,	PUNCT
cblr-2946	439	8	courts	court	NOUN
cblr-2946	439	9	have	have	AUX
cblr-2946	439	10	proven	prove	VERB
cblr-2946	439	11	somewhat	somewhat	ADV
cblr-2946	439	12	receptive	receptive	ADJ
cblr-2946	439	13	to	to	ADP
cblr-2946	439	14	the	the	DET
cblr-2946	439	15	agencies	agency	NOUN
cblr-2946	439	16	'	'	PART
cblr-2946	439	17	arguments	argument	NOUN
cblr-2946	439	18	that	that	SCONJ
cblr-2946	439	19	their	their	PRON
cblr-2946	439	20	ratings	rating	NOUN
cblr-2946	439	21	are	be	AUX
cblr-2946	439	22	opinions	opinion	NOUN
cblr-2946	439	23	protected	protect	VERB
cblr-2946	439	24	under	under	ADP
cblr-2946	439	25	the	the	DET
cblr-2946	439	26	first	first	ADJ
cblr-2946	439	27	amendment	amendment	NOUN
cblr-2946	439	28	.	.	PUNCT
cblr-2946	440	1	122	122	NUM
cblr-2946	440	2	in	in	ADP
cblr-2946	440	3	some	some	DET
cblr-2946	440	4	situations	situation	NOUN
cblr-2946	440	5	,	,	PUNCT
cblr-2946	440	6	cras	cras	PROPN
cblr-2946	440	7	have	have	AUX
cblr-2946	440	8	invoked	invoke	VERB
cblr-2946	440	9	press	press	NOUN
cblr-2946	440	10	shield	shield	NOUN
cblr-2946	440	11	laws	law	NOUN
cblr-2946	440	12	to	to	PART
cblr-2946	440	13	avoid	avoid	VERB
cblr-2946	440	14	having	have	VERB
cblr-2946	440	15	to	to	PART
cblr-2946	440	16	respond	respond	VERB
cblr-2946	440	17	to	to	ADP
cblr-2946	440	18	subpoenas	subpoena	NOUN
cblr-2946	440	19	.	.	PUNCT
cblr-2946	441	1	123	123	NUM
cblr-2946	441	2	121	121	NUM
cblr-2946	441	3	15	15	NUM
cblr-2946	441	4	u.s.c	u.s.c	NOUN
cblr-2946	441	5	.	.	PUNCT
cblr-2946	442	1	§	§	PROPN
cblr-2946	442	2	78j(b	78j(b	X
cblr-2946	442	3	)	)	PUNCT
cblr-2946	442	4	(	(	PUNCT
cblr-2946	442	5	2000	2000	NUM
cblr-2946	442	6	)	)	PUNCT
cblr-2946	442	7	;	;	PUNCT
cblr-2946	442	8	17	17	NUM
cblr-2946	442	9	c.f.r	c.f.r	NOUN
cblr-2946	442	10	.	.	PUNCT
cblr-2946	443	1	§	§	PROPN
cblr-2946	443	2	240.10b-5	240.10b-5	NUM
cblr-2946	443	3	(	(	PUNCT
cblr-2946	443	4	2009	2009	NUM
cblr-2946	443	5	)	)	PUNCT
cblr-2946	443	6	.	.	PUNCT
cblr-2946	444	1	as	as	SCONJ
cblr-2946	444	2	professor	professor	NOUN
cblr-2946	444	3	coffee	coffee	NOUN
cblr-2946	444	4	put	put	VERB
cblr-2946	444	5	it	it	PRON
cblr-2946	444	6	,	,	PUNCT
cblr-2946	444	7	"	"	PUNCT
cblr-2946	444	8	statements	statement	NOUN
cblr-2946	444	9	made	make	VERB
cblr-2946	444	10	by	by	ADP
cblr-2946	444	11	any	any	DET
cblr-2946	444	12	person	person	NOUN
cblr-2946	444	13	'	'	PUNCT
cblr-2946	444	14	in	in	ADP
cblr-2946	444	15	connection	connection	NOUN
cblr-2946	444	16	with	with	ADP
cblr-2946	444	17	the	the	DET
cblr-2946	444	18	purchase	purchase	NOUN
cblr-2946	444	19	or	or	CCONJ
cblr-2946	444	20	sale	sale	NOUN
cblr-2946	444	21	of	of	ADP
cblr-2946	444	22	a	a	DET
cblr-2946	444	23	security	security	NOUN
cblr-2946	444	24	'	'	PUNCT
cblr-2946	444	25	are	be	AUX
cblr-2946	444	26	potentially	potentially	ADV
cblr-2946	444	27	within	within	ADP
cblr-2946	444	28	the	the	DET
cblr-2946	444	29	reach	reach	NOUN
cblr-2946	444	30	of	of	ADP
cblr-2946	444	31	sec	sec	PROPN
cblr-2946	444	32	rule	rule	NOUN
cblr-2946	444	33	10b-5	10b-5	NUM
cblr-2946	444	34	.	.	PUNCT
cblr-2946	445	1	thus	thus	ADV
cblr-2946	445	2	,	,	PUNCT
cblr-2946	445	3	a	a	DET
cblr-2946	445	4	particular	particular	ADJ
cblr-2946	445	5	rating	rating	NOUN
cblr-2946	445	6	(	(	PUNCT
cblr-2946	445	7	or	or	CCONJ
cblr-2946	445	8	its	its	PRON
cblr-2946	445	9	upgrade	upgrade	NOUN
cblr-2946	445	10	or	or	CCONJ
cblr-2946	445	11	downgrade	downgrade	VERB
cblr-2946	445	12	)	)	PUNCT
cblr-2946	445	13	could	could	AUX
cblr-2946	445	14	constitute	constitute	VERB
cblr-2946	445	15	a	a	DET
cblr-2946	445	16	material	material	NOUN
cblr-2946	445	17	misstatement	misstatement	NOUN
cblr-2946	445	18	and	and	CCONJ
cblr-2946	445	19	be	be	AUX
cblr-2946	445	20	actionable	actionable	ADJ
cblr-2946	445	21	under	under	ADP
cblr-2946	445	22	rule	rule	NOUN
cblr-2946	445	23	10b-5	10b-5	NUM
cblr-2946	445	24	;	;	PUNCT
cblr-2946	445	25	similarly	similarly	ADV
cblr-2946	445	26	,	,	PUNCT
cblr-2946	445	27	the	the	DET
cblr-2946	445	28	failure	failure	NOUN
cblr-2946	445	29	to	to	PART
cblr-2946	445	30	update	update	VERB
cblr-2946	445	31	ratings	rating	NOUN
cblr-2946	445	32	in	in	ADP
cblr-2946	445	33	light	light	NOUN
cblr-2946	445	34	of	of	ADP
cblr-2946	445	35	new	new	ADJ
cblr-2946	445	36	information	information	NOUN
cblr-2946	445	37	could	could	AUX
cblr-2946	445	38	be	be	AUX
cblr-2946	445	39	a	a	DET
cblr-2946	445	40	material	material	NOUN
cblr-2946	445	41	omission	omission	NOUN
cblr-2946	445	42	.	.	PUNCT
cblr-2946	445	43	"	"	PUNCT
cblr-2946	446	1	coffee	coffee	NOUN
cblr-2946	446	2	,	,	PUNCT
cblr-2946	446	3	supra	supra	PROPN
cblr-2946	446	4	note	note	NOUN
cblr-2946	446	5	7	7	NUM
cblr-2946	446	6	,	,	PUNCT
cblr-2946	446	7	at	at	ADP
cblr-2946	446	8	302	302	NUM
cblr-2946	446	9	(	(	PUNCT
cblr-2946	446	10	citing	cite	VERB
cblr-2946	446	11	rating	rating	NOUN
cblr-2946	446	12	agencies	agency	NOUN
cblr-2946	446	13	and	and	CCONJ
cblr-2946	446	14	the	the	DET
cblr-2946	446	15	use	use	NOUN
cblr-2946	446	16	of	of	ADP
cblr-2946	446	17	credit	credit	NOUN
cblr-2946	446	18	ratings	rating	NOUN
cblr-2946	446	19	under	under	ADP
cblr-2946	446	20	the	the	DET
cblr-2946	446	21	federal	federal	ADJ
cblr-2946	446	22	securities	security	NOUN
cblr-2946	446	23	laws	law	NOUN
cblr-2946	446	24	,	,	PUNCT
cblr-2946	446	25	securities	security	NOUN
cblr-2946	446	26	act	act	NOUN
cblr-2946	446	27	release	release	VERB
cblr-2946	446	28	no	no	PRON
cblr-2946	446	29	.	.	NOUN
cblr-2946	446	30	8236	8236	NUM
cblr-2946	446	31	(	(	PUNCT
cblr-2946	446	32	june	june	PROPN
cblr-2946	446	33	12	12	NUM
cblr-2946	446	34	,	,	PUNCT
cblr-2946	446	35	2003	2003	NUM
cblr-2946	446	36	)	)	PUNCT
cblr-2946	446	37	)	)	PUNCT
cblr-2946	446	38	.	.	PUNCT
cblr-2946	447	1	122	122	NUM
cblr-2946	447	2	manns	mann	NOUN
cblr-2946	447	3	,	,	PUNCT
cblr-2946	447	4	supra	supra	PROPN
cblr-2946	447	5	note	note	NOUN
cblr-2946	447	6	117	117	NUM
cblr-2946	447	7	,	,	PUNCT
cblr-2946	447	8	at	at	ADP
cblr-2946	447	9	42	42	NUM
cblr-2946	447	10	(	(	PUNCT
cblr-2946	447	11	"	"	PUNCT
cblr-2946	447	12	[	[	X
cblr-2946	447	13	the	the	X
cblr-2946	447	14	]	]	X
cblr-2946	447	15	first	first	ADJ
cblr-2946	447	16	amendment	amendment	NOUN
cblr-2946	447	17	hurdle	hurdle	NOUN
cblr-2946	447	18	has	have	AUX
cblr-2946	447	19	made	make	VERB
cblr-2946	447	20	it	it	PRON
cblr-2946	447	21	extraordinarily	extraordinarily	ADV
cblr-2946	447	22	difficult	difficult	ADJ
cblr-2946	447	23	to	to	PART
cblr-2946	447	24	establish	establish	VERB
cblr-2946	447	25	that	that	SCONJ
cblr-2946	447	26	rating	rating	NOUN
cblr-2946	447	27	agencies	agency	NOUN
cblr-2946	447	28	engaged	engage	VERB
cblr-2946	447	29	in	in	ADP
cblr-2946	447	30	libel	libel	NOUN
cblr-2946	447	31	and	and	CCONJ
cblr-2946	447	32	has	have	AUX
cblr-2946	447	33	left	leave	VERB
cblr-2946	447	34	issuers	issuer	NOUN
cblr-2946	447	35	without	without	ADP
cblr-2946	447	36	legal	legal	ADJ
cblr-2946	447	37	recourse	recourse	NOUN
cblr-2946	447	38	except	except	SCONJ
cblr-2946	447	39	in	in	ADP
cblr-2946	447	40	outlier	outlier	ADJ
cblr-2946	447	41	cases	case	NOUN
cblr-2946	447	42	.	.	PUNCT
cblr-2946	447	43	"	"	PUNCT
cblr-2946	447	44	)	)	PUNCT
cblr-2946	447	45	;	;	PUNCT
cblr-2946	447	46	hunt	hunt	NOUN
cblr-2946	447	47	,	,	PUNCT
cblr-2946	447	48	supra	supra	PROPN
cblr-2946	447	49	note	note	NOUN
cblr-2946	447	50	3	3	NUM
cblr-2946	447	51	,	,	PUNCT
cblr-2946	447	52	at	at	ADP
cblr-2946	447	53	186	186	NUM
cblr-2946	447	54	(	(	PUNCT
cblr-2946	447	55	noting	note	VERB
cblr-2946	447	56	that	that	SCONJ
cblr-2946	447	57	cras	cras	PROPN
cblr-2946	447	58	have	have	AUX
cblr-2946	447	59	won	win	VERB
cblr-2946	447	60	some	some	DET
cblr-2946	447	61	high	high	ADJ
cblr-2946	447	62	profile	profile	NOUN
cblr-2946	447	63	victories	victory	NOUN
cblr-2946	447	64	on	on	ADP
cblr-2946	447	65	its	its	PRON
cblr-2946	447	66	first	first	ADJ
cblr-2946	447	67	amendment	amendment	NOUN
cblr-2946	447	68	defense	defense	NOUN
cblr-2946	447	69	in	in	ADP
cblr-2946	447	70	lower	low	ADJ
cblr-2946	447	71	courts	court	NOUN
cblr-2946	447	72	)	)	PUNCT
cblr-2946	447	73	.	.	PUNCT
cblr-2946	448	1	the	the	DET
cblr-2946	448	2	first	first	ADJ
cblr-2946	448	3	amendment	amendment	NOUN
cblr-2946	448	4	defense	defense	NOUN
cblr-2946	448	5	may	may	AUX
cblr-2946	448	6	be	be	AUX
cblr-2946	448	7	invoked	invoke	VERB
cblr-2946	448	8	both	both	PRON
cblr-2946	448	9	in	in	ADP
cblr-2946	448	10	the	the	DET
cblr-2946	448	11	context	context	NOUN
cblr-2946	448	12	of	of	ADP
cblr-2946	448	13	securities	security	NOUN
cblr-2946	448	14	laws	law	NOUN
cblr-2946	448	15	and	and	CCONJ
cblr-2946	448	16	against	against	ADP
cblr-2946	448	17	other	other	ADJ
cblr-2946	448	18	claims	claim	NOUN
cblr-2946	448	19	.	.	PUNCT
cblr-2946	449	1	see	see	VERB
cblr-2946	449	2	,	,	PUNCT
cblr-2946	449	3	e.g.	e.g.	ADV
cblr-2946	449	4	,	,	PUNCT
cblr-2946	449	5	newby	newby	PROPN
cblr-2946	449	6	v.	v.	PROPN
cblr-2946	449	7	enron	enron	PROPN
cblr-2946	449	8	corp	corp	PROPN
cblr-2946	449	9	.	.	PROPN
cblr-2946	449	10	,	,	PUNCT
cblr-2946	449	11	511	511	NUM
cblr-2946	449	12	f.	f.	PROPN
cblr-2946	449	13	supp	supp	PROPN
cblr-2946	449	14	.	.	PUNCT
cblr-2946	450	1	2d	2d	PROPN
cblr-2946	450	2	742	742	NUM
cblr-2946	450	3	,	,	PUNCT
cblr-2946	450	4	817	817	NUM
cblr-2946	450	5	(	(	PUNCT
cblr-2946	450	6	s.d	s.d	PROPN
cblr-2946	450	7	.	.	PUNCT
cblr-2946	451	1	tex	tex	PROPN
cblr-2946	451	2	.	.	PROPN
cblr-2946	451	3	2005	2005	NUM
cblr-2946	451	4	)	)	PUNCT
cblr-2946	451	5	(	(	PUNCT
cblr-2946	451	6	"	"	PUNCT
cblr-2946	451	7	[	[	X
cblr-2946	451	8	wlhile	wlhile	NOUN
cblr-2946	451	9	there	there	PRON
cblr-2946	451	10	is	be	VERB
cblr-2946	451	11	no	no	DET
cblr-2946	451	12	automatic	automatic	ADJ
cblr-2946	451	13	,	,	PUNCT
cblr-2946	451	14	blanket	blanket	NOUN
cblr-2946	451	15	,	,	PUNCT
cblr-2946	451	16	absolute	absolute	ADJ
cblr-2946	451	17	first	first	ADJ
cblr-2946	451	18	amendment	amendment	NOUN
cblr-2946	451	19	protection	protection	NOUN
cblr-2946	451	20	for	for	ADP
cblr-2946	451	21	reports	report	NOUN
cblr-2946	451	22	from	from	ADP
cblr-2946	451	23	the	the	DET
cblr-2946	451	24	credit	credit	NOUN
cblr-2946	451	25	rating	rating	NOUN
cblr-2946	451	26	agencies	agency	NOUN
cblr-2946	451	27	based	base	VERB
cblr-2946	451	28	on	on	ADP
cblr-2946	451	29	their	their	PRON
cblr-2946	451	30	status	status	NOUN
cblr-2946	451	31	as	as	ADP
cblr-2946	451	32	credit	credit	NOUN
cblr-2946	451	33	rating	rating	NOUN
cblr-2946	451	34	agencies	agency	NOUN
cblr-2946	451	35	,	,	PUNCT
cblr-2946	451	36	the	the	DET
cblr-2946	451	37	courts	court	NOUN
cblr-2946	451	38	generally	generally	ADV
cblr-2946	451	39	have	have	AUX
cblr-2946	451	40	shielded	shield	VERB
cblr-2946	451	41	them	they	PRON
cblr-2946	451	42	from	from	ADP
cblr-2946	451	43	liability	liability	NOUN
cblr-2946	451	44	for	for	ADP
cblr-2946	451	45	allegedly	allegedly	ADV
cblr-2946	451	46	negligent	negligent	ADJ
cblr-2946	451	47	ratings	rating	NOUN
cblr-2946	451	48	for	for	ADP
cblr-2946	451	49	various	various	ADJ
cblr-2946	451	50	reasons	reason	NOUN
cblr-2946	451	51	.	.	PUNCT
cblr-2946	452	1	"	"	PUNCT
cblr-2946	452	2	)	)	PUNCT
cblr-2946	452	3	;	;	PUNCT
cblr-2946	452	4	i	i	PRON
cblr-2946	452	5	d.	d.	PROPN
cblr-2946	452	6	at	at	ADP
cblr-2946	452	7	825	825	NUM
cblr-2946	452	8	(	(	PUNCT
cblr-2946	452	9	noting	note	VERB
cblr-2946	452	10	that	that	SCONJ
cblr-2946	452	11	"	"	PUNCT
cblr-2946	452	12	there	there	PRON
cblr-2946	452	13	is	be	VERB
cblr-2946	452	14	no	no	DET
cblr-2946	452	15	blanket	blanket	NOUN
cblr-2946	452	16	first	first	ADJ
cblr-2946	452	17	amendment	amendment	NOUN
cblr-2946	452	18	protection	protection	NOUN
cblr-2946	452	19	for	for	ADP
cblr-2946	452	20	published	publish	VERB
cblr-2946	452	21	credit	credit	NOUN
cblr-2946	452	22	ratings	rating	NOUN
cblr-2946	452	23	,	,	PUNCT
cblr-2946	452	24	"	"	PUNCT
cblr-2946	452	25	but	but	CCONJ
cblr-2946	452	26	concluding	conclude	VERB
cblr-2946	452	27	that	that	SCONJ
cblr-2946	452	28	the	the	DET
cblr-2946	452	29	plaintiff	plaintiff	NOUN
cblr-2946	452	30	failed	fail	VERB
cblr-2946	452	31	to	to	PART
cblr-2946	452	32	meet	meet	VERB
cblr-2946	452	33	the	the	DET
cblr-2946	452	34	enhanced	enhanced	ADJ
cblr-2946	452	35	pleading	pleading	NOUN
cblr-2946	452	36	requirements	requirement	NOUN
cblr-2946	452	37	necessary	necessary	ADJ
cblr-2946	452	38	to	to	PART
cblr-2946	452	39	overcome	overcome	VERB
cblr-2946	452	40	first	first	ADJ
cblr-2946	452	41	amendment	amendment	NOUN
cblr-2946	452	42	protection	protection	NOUN
cblr-2946	452	43	for	for	ADP
cblr-2946	452	44	a	a	DET
cblr-2946	452	45	claim	claim	NOUN
cblr-2946	452	46	of	of	ADP
cblr-2946	452	47	negligent	negligent	ADJ
cblr-2946	452	48	misrepresentation	misrepresentation	NOUN
cblr-2946	452	49	against	against	ADP
cblr-2946	452	50	a	a	DET
cblr-2946	452	51	cra	cra	NOUN
cblr-2946	452	52	)	)	PUNCT
cblr-2946	452	53	.	.	PUNCT
cblr-2946	453	1	but	but	CCONJ
cblr-2946	453	2	see	see	VERB
cblr-2946	453	3	dun	dun	PROPN
cblr-2946	453	4	&	&	CCONJ
cblr-2946	453	5	bradstreet	bradstreet	PROPN
cblr-2946	453	6	,	,	PUNCT
cblr-2946	453	7	inc	inc	PROPN
cblr-2946	453	8	.	.	PROPN
cblr-2946	454	1	v.	v.	ADP
cblr-2946	454	2	greenmoss	greenmoss	ADJ
cblr-2946	454	3	builders	builder	NOUN
cblr-2946	454	4	,	,	PUNCT
cblr-2946	454	5	inc	inc	PROPN
cblr-2946	454	6	.	.	PROPN
cblr-2946	454	7	,	,	PUNCT
cblr-2946	454	8	472	472	NUM
cblr-2946	454	9	u.s	u.s	PROPN
cblr-2946	454	10	.	.	PROPN
cblr-2946	454	11	749	749	NUM
cblr-2946	454	12	,	,	PUNCT
cblr-2946	454	13	753	753	NUM
cblr-2946	454	14	,	,	PUNCT
cblr-2946	454	15	761	761	NUM
cblr-2946	454	16	-	-	SYM
cblr-2946	454	17	62	62	NUM
cblr-2946	454	18	(	(	PUNCT
cblr-2946	454	19	1985	1985	NUM
cblr-2946	454	20	)	)	PUNCT
cblr-2946	454	21	(	(	PUNCT
cblr-2946	454	22	affirming	affirm	VERB
cblr-2946	454	23	decision	decision	NOUN
cblr-2946	454	24	of	of	ADP
cblr-2946	454	25	lower	low	ADJ
cblr-2946	454	26	court	court	NOUN
cblr-2946	454	27	not	not	PART
cblr-2946	454	28	to	to	PART
cblr-2946	454	29	grant	grant	VERB
cblr-2946	454	30	heightened	heighten	VERB
cblr-2946	454	31	first	first	ADJ
cblr-2946	454	32	amendment	amendment	NOUN
cblr-2946	454	33	protections	protection	NOUN
cblr-2946	454	34	to	to	ADP
cblr-2946	454	35	cra	cra	PROPN
cblr-2946	454	36	that	that	PRON
cblr-2946	454	37	distributed	distribute	VERB
cblr-2946	454	38	a	a	DET
cblr-2946	454	39	false	false	ADJ
cblr-2946	454	40	report	report	NOUN
cblr-2946	454	41	to	to	ADP
cblr-2946	454	42	five	five	NUM
cblr-2946	454	43	subscribers	subscriber	NOUN
cblr-2946	454	44	,	,	PUNCT
cblr-2946	454	45	with	with	ADP
cblr-2946	454	46	plurality	plurality	NOUN
cblr-2946	454	47	emphasizing	emphasize	VERB
cblr-2946	454	48	that	that	SCONJ
cblr-2946	454	49	the	the	DET
cblr-2946	454	50	report	report	NOUN
cblr-2946	454	51	did	do	AUX
cblr-2946	454	52	not	not	PART
cblr-2946	454	53	address	address	VERB
cblr-2946	454	54	a	a	DET
cblr-2946	454	55	matter	matter	NOUN
cblr-2946	454	56	of	of	ADP
cblr-2946	454	57	public	public	ADJ
cblr-2946	454	58	concern	concern	NOUN
cblr-2946	454	59	)	)	PUNCT
cblr-2946	454	60	.	.	PUNCT
cblr-2946	455	1	123	123	NUM
cblr-2946	455	2	see	see	VERB
cblr-2946	455	3	,	,	PUNCT
cblr-2946	455	4	e.g.	e.g.	ADV
cblr-2946	455	5	,	,	PUNCT
cblr-2946	455	6	in	in	ADP
cblr-2946	455	7	re	re	VERB
cblr-2946	455	8	pan	pan	PROPN
cblr-2946	455	9	am	am	PROPN
cblr-2946	455	10	corp	corp	PROPN
cblr-2946	455	11	.	.	PROPN
cblr-2946	455	12	,	,	PUNCT
cblr-2946	455	13	161	161	NUM
cblr-2946	455	14	b.r	b.r	PROPN
cblr-2946	455	15	.	.	PROPN
cblr-2946	455	16	577	577	NUM
cblr-2946	455	17	,	,	PUNCT
cblr-2946	455	18	586	586	NUM
cblr-2946	455	19	(	(	PUNCT
cblr-2946	455	20	s.d.n.y	s.d.n.y	PROPN
cblr-2946	455	21	.	.	PROPN
cblr-2946	455	22	1993	1993	NUM
cblr-2946	455	23	)	)	PUNCT
cblr-2946	455	24	(	(	PUNCT
cblr-2946	455	25	holding	hold	VERB
cblr-2946	455	26	that	that	SCONJ
cblr-2946	455	27	cra	cra	PROPN
cblr-2946	455	28	gathered	gather	VERB
cblr-2946	455	29	information	information	NOUN
cblr-2946	455	30	sought	seek	VERB
cblr-2946	455	31	by	by	ADP
cblr-2946	455	32	subpoena	subpoena	NOUN
cblr-2946	455	33	with	with	ADP
cblr-2946	455	34	newsgathering	newsgathering	NOUN
cblr-2946	455	35	intent	intent	NOUN
cblr-2946	455	36	and	and	CCONJ
cblr-2946	455	37	that	that	SCONJ
cblr-2946	455	38	cra	cra	PROPN
cblr-2946	455	39	is	be	AUX
cblr-2946	455	40	thereby	thereby	ADV
cblr-2946	455	41	entitled	entitle	VERB
cblr-2946	455	42	to	to	PART
cblr-2946	455	43	invoke	invoke	VERB
cblr-2946	455	44	journalist	journalist	NOUN
cblr-2946	455	45	's	's	PART
cblr-2946	455	46	privilege	privilege	NOUN
cblr-2946	455	47	)	)	PUNCT
cblr-2946	455	48	;	;	PUNCT
cblr-2946	455	49	in	in	ADP
cblr-2946	455	50	re	re	PROPN
cblr-2946	455	51	scott	scott	PROPN
cblr-2946	455	52	paper	paper	PROPN
cblr-2946	455	53	co.	co.	PROPN
cblr-2946	455	54	sec	sec	PROPN
cblr-2946	455	55	.	.	PROPN
cblr-2946	455	56	litig	litig	PROPN
cblr-2946	455	57	.	.	PUNCT
cblr-2946	456	1	,	,	PUNCT
cblr-2946	456	2	145	145	NUM
cblr-2946	456	3	f.r.d	f.r.d	NOUN
cblr-2946	456	4	.	.	PROPN
cblr-2946	456	5	366	366	NUM
cblr-2946	456	6	,	,	PUNCT
cblr-2946	456	7	370	370	NUM
cblr-2946	456	8	(	(	PUNCT
cblr-2946	456	9	1992	1992	NUM
cblr-2946	456	10	)	)	PUNCT
cblr-2946	456	11	(	(	PUNCT
cblr-2946	456	12	holding	hold	VERB
cblr-2946	456	13	that	that	PRON
cblr-2946	456	14	cra	cra	PROPN
cblr-2946	456	15	qualified	qualify	VERB
cblr-2946	456	16	as	as	ADP
cblr-2946	456	17	member	member	NOUN
cblr-2946	456	18	of	of	ADP
cblr-2946	456	19	press	press	NOUN
cblr-2946	456	20	for	for	ADP
cblr-2946	456	21	first	first	ADJ
cblr-2946	456	22	amendment	amendment	NOUN
cblr-2946	456	23	purposes	purpose	NOUN
cblr-2946	456	24	,	,	PUNCT
cblr-2946	456	25	allowing	allow	VERB
cblr-2946	456	26	it	it	PRON
cblr-2946	456	27	to	to	PART
cblr-2946	456	28	invoke	invoke	VERB
cblr-2946	456	29	qualified	qualified	ADJ
cblr-2946	456	30	journalist	journalist	NOUN
cblr-2946	456	31	's	's	PART
cblr-2946	456	32	privilege	privilege	NOUN
cblr-2946	456	33	)	)	PUNCT
cblr-2946	456	34	.	.	PUNCT
cblr-2946	457	1	but	but	CCONJ
cblr-2946	457	2	see	see	VERB
cblr-2946	457	3	in	in	ADP
cblr-2946	457	4	re	re	PROPN
cblr-2946	457	5	fitch	fitch	PROPN
cblr-2946	457	6	,	,	PUNCT
cblr-2946	457	7	inc	inc	PROPN
cblr-2946	457	8	.	.	PROPN
cblr-2946	457	9	,	,	PUNCT
cblr-2946	457	10	330	330	NUM
cblr-2946	457	11	f.3d	f.3d	NUM
cblr-2946	457	12	104	104	NUM
cblr-2946	457	13	,	,	PUNCT
cblr-2946	457	14	111	111	NUM
cblr-2946	457	15	(	(	PUNCT
cblr-2946	457	16	2d	2d	NUM
cblr-2946	457	17	cir	cir	NOUN
cblr-2946	457	18	.	.	PROPN
cblr-2946	457	19	2003	2003	NUM
cblr-2946	457	20	)	)	PUNCT
cblr-2946	457	21	(	(	PUNCT
cblr-2946	457	22	"	"	PUNCT
cblr-2946	457	23	we	we	PRON
cblr-2946	457	24	simply	simply	ADV
cblr-2946	457	25	conclude	conclude	VERB
cblr-2946	457	26	that	that	SCONJ
cblr-2946	457	27	on	on	ADP
cblr-2946	457	28	these	these	DET
cblr-2946	457	29	facts	fact	NOUN
cblr-2946	457	30	,	,	PUNCT
cblr-2946	457	31	the	the	DET
cblr-2946	457	32	district	district	NOUN
cblr-2946	457	33	court	court	NOUN
cblr-2946	457	34	did	do	AUX
cblr-2946	457	35	not	not	PART
cblr-2946	457	36	abuse	abuse	VERB
cblr-2946	457	37	its	its	PRON
cblr-2946	457	38	columbia	columbia	PROPN
cblr-2946	457	39	business	business	PROPN
cblr-2946	457	40	la	la	PROPN
cblr-2946	457	41	w	w	PROPN
cblr-2946	457	42	re	re	VERB
cblr-2946	457	43	view	view	NOUN
cblr-2946	457	44	[	[	X
cblr-2946	457	45	vol	vol	NOUN
cblr-2946	457	46	.	.	PUNCT
cblr-2946	457	47	2009	2009	NUM
cblr-2946	457	48	no	no	NOUN
cblr-2946	457	49	.	.	PUNCT
cblr-2946	458	1	2:605	2:605	NUM
cblr-2946	458	2	]	]	X
cblr-2946	458	3	credit	credit	NOUN
cblr-2946	458	4	rating	rating	NOUN
cblr-2946	458	5	agencies	agency	NOUN
cblr-2946	458	6	and	and	CCONJ
cblr-2946	458	7	the	the	DET
cblr-2946	458	8	credit	credit	NOUN
cblr-2946	458	9	crisis	crisis	NOUN
cblr-2946	458	10	633	633	NUM
cblr-2946	458	11	second	second	ADJ
cblr-2946	458	12	,	,	PUNCT
cblr-2946	458	13	at	at	ADV
cblr-2946	458	14	least	least	ADV
cblr-2946	458	15	one	one	NUM
cblr-2946	458	16	court	court	NOUN
cblr-2946	458	17	has	have	AUX
cblr-2946	458	18	held	hold	VERB
cblr-2946	458	19	that	that	SCONJ
cblr-2946	458	20	a	a	DET
cblr-2946	458	21	plaintiffs	plaintiff	NOUN
cblr-2946	458	22	reliance	reliance	NOUN
cblr-2946	458	23	on	on	ADP
cblr-2946	458	24	the	the	DET
cblr-2946	458	25	defendant	defendant	NOUN
cblr-2946	458	26	cra	cra	PROPN
cblr-2946	458	27	's	's	PART
cblr-2946	458	28	rating	rating	NOUN
cblr-2946	458	29	was	be	AUX
cblr-2946	458	30	unreasonable	unreasonable	ADJ
cblr-2946	458	31	.	.	PUNCT
cblr-2946	459	1	'24	'24	NUM
cblr-2946	459	2	this	this	PRON
cblr-2946	459	3	seems	seem	VERB
cblr-2946	459	4	illogical	illogical	ADJ
cblr-2946	459	5	given	give	VERB
cblr-2946	459	6	the	the	DET
cblr-2946	459	7	prominence	prominence	NOUN
cblr-2946	459	8	of	of	ADP
cblr-2946	459	9	credit	credit	NOUN
cblr-2946	459	10	ratings	rating	NOUN
cblr-2946	459	11	in	in	ADP
cblr-2946	459	12	regulatory	regulatory	ADJ
cblr-2946	459	13	frameworks	framework	NOUN
cblr-2946	459	14	.	.	PUNCT
cblr-2946	460	1	the	the	DET
cblr-2946	460	2	credit	credit	NOUN
cblr-2946	460	3	rating	rating	NOUN
cblr-2946	460	4	agency	agency	PROPN
cblr-2946	460	5	reform	reform	PROPN
cblr-2946	460	6	act	act	PROPN
cblr-2946	460	7	of	of	ADP
cblr-2946	460	8	2006	2006	NUM
cblr-2946	460	9	likely	likely	ADV
cblr-2946	460	10	did	do	VERB
cblr-2946	460	11	little	little	ADJ
cblr-2946	460	12	to	to	PART
cblr-2946	460	13	dismantle	dismantle	VERB
cblr-2946	460	14	this	this	DET
cblr-2946	460	15	insulation	insulation	NOUN
cblr-2946	460	16	from	from	ADP
cblr-2946	460	17	legal	legal	ADJ
cblr-2946	460	18	accountability	accountability	NOUN
cblr-2946	460	19	,	,	PUNCT
cblr-2946	460	20	as	as	SCONJ
cblr-2946	460	21	the	the	DET
cblr-2946	460	22	act	act	NOUN
cblr-2946	460	23	states	state	VERB
cblr-2946	460	24	that	that	SCONJ
cblr-2946	460	25	it	it	PRON
cblr-2946	460	26	does	do	AUX
cblr-2946	460	27	not	not	PART
cblr-2946	460	28	create	create	VERB
cblr-2946	460	29	a	a	DET
cblr-2946	460	30	private	private	ADJ
cblr-2946	460	31	right	right	NOUN
cblr-2946	460	32	of	of	ADP
cblr-2946	460	33	action	action	NOUN
cblr-2946	460	34	.	.	PUNCT
cblr-2946	461	1	'25	'25	NUM
cblr-2946	461	2	while	while	SCONJ
cblr-2946	461	3	a	a	DET
cblr-2946	461	4	full	full	ADJ
cblr-2946	461	5	review	review	NOUN
cblr-2946	461	6	of	of	ADP
cblr-2946	461	7	the	the	DET
cblr-2946	461	8	case	case	NOUN
cblr-2946	461	9	law	law	NOUN
cblr-2946	461	10	involving	involve	VERB
cblr-2946	461	11	cras	cras	PROPN
cblr-2946	461	12	is	be	AUX
cblr-2946	461	13	beyond	beyond	ADP
cblr-2946	461	14	the	the	DET
cblr-2946	461	15	scope	scope	NOUN
cblr-2946	461	16	of	of	ADP
cblr-2946	461	17	this	this	DET
cblr-2946	461	18	note	note	NOUN
cblr-2946	461	19	,	,	PUNCT
cblr-2946	461	20	it	it	PRON
cblr-2946	461	21	is	be	AUX
cblr-2946	461	22	worth	worth	ADJ
cblr-2946	461	23	noting	note	VERB
cblr-2946	461	24	that	that	SCONJ
cblr-2946	461	25	the	the	DET
cblr-2946	461	26	trend	trend	NOUN
cblr-2946	461	27	may	may	AUX
cblr-2946	461	28	be	be	AUX
cblr-2946	461	29	moving	move	VERB
cblr-2946	461	30	away	away	ADV
cblr-2946	461	31	from	from	ADP
cblr-2946	461	32	this	this	DET
cblr-2946	461	33	protective	protective	ADJ
cblr-2946	461	34	legal	legal	ADJ
cblr-2946	461	35	regime	regime	NOUN
cblr-2946	461	36	.	.	PUNCT
cblr-2946	462	1	16	16	NUM
cblr-2946	463	1	the	the	DET
cblr-2946	463	2	bottom	bottom	ADJ
cblr-2946	463	3	line	line	NOUN
cblr-2946	463	4	,	,	PUNCT
cblr-2946	463	5	however	however	ADV
cblr-2946	463	6	,	,	PUNCT
cblr-2946	463	7	is	be	AUX
cblr-2946	463	8	that	that	SCONJ
cblr-2946	463	9	cras	cras	PROPN
cblr-2946	463	10	have	have	AUX
cblr-2946	463	11	historically	historically	ADV
cblr-2946	463	12	enjoyed	enjoy	VERB
cblr-2946	463	13	immunity	immunity	NOUN
cblr-2946	463	14	from	from	ADP
cblr-2946	463	15	private	private	ADJ
cblr-2946	463	16	liability	liability	NOUN
cblr-2946	463	17	.	.	PUNCT
cblr-2946	464	1	this	this	DET
cblr-2946	464	2	absence	absence	NOUN
cblr-2946	464	3	of	of	ADP
cblr-2946	464	4	legal	legal	ADJ
cblr-2946	464	5	accountability	accountability	NOUN
cblr-2946	464	6	to	to	ADP
cblr-2946	464	7	market	market	NOUN
cblr-2946	464	8	participants	participant	NOUN
cblr-2946	464	9	would	would	AUX
cblr-2946	464	10	have	have	AUX
cblr-2946	464	11	made	make	VERB
cblr-2946	464	12	it	it	PRON
cblr-2946	464	13	easier	easy	ADJ
cblr-2946	464	14	for	for	SCONJ
cblr-2946	464	15	cras	cra	NOUN
cblr-2946	464	16	to	to	PART
cblr-2946	464	17	compromise	compromise	VERB
cblr-2946	464	18	their	their	PRON
cblr-2946	464	19	ratings	rating	NOUN
cblr-2946	464	20	in	in	ADP
cblr-2946	464	21	favor	favor	NOUN
cblr-2946	464	22	of	of	ADP
cblr-2946	464	23	issuers	issuer	NOUN
cblr-2946	464	24	than	than	SCONJ
cblr-2946	464	25	if	if	SCONJ
cblr-2946	464	26	cras	cras	PROPN
cblr-2946	464	27	faced	face	VERB
cblr-2946	464	28	a	a	DET
cblr-2946	464	29	real	real	ADJ
cblr-2946	464	30	risk	risk	NOUN
cblr-2946	464	31	of	of	ADP
cblr-2946	464	32	incurring	incur	VERB
cblr-2946	464	33	damages	damage	NOUN
cblr-2946	464	34	for	for	ADP
cblr-2946	464	35	inflated	inflated	ADJ
cblr-2946	464	36	ratings	rating	NOUN
cblr-2946	464	37	.	.	PUNCT
cblr-2946	465	1	b.	b.	PROPN
cblr-2946	465	2	pre-"credit	pre-"credit	PROPN
cblr-2946	465	3	crisis	crisis	NOUN
cblr-2946	465	4	"	"	PUNCT
cblr-2946	465	5	consensus	consensus	NOUN
cblr-2946	465	6	:	:	PUNCT
cblr-2946	465	7	cras	cra	NOUN
cblr-2946	465	8	not	not	PART
cblr-2946	465	9	compromised	compromise	VERB
cblr-2946	465	10	by	by	ADP
cblr-2946	465	11	conflicts	conflict	NOUN
cblr-2946	465	12	of	of	ADP
cblr-2946	465	13	interest	interest	NOUN
cblr-2946	465	14	prior	prior	ADV
cblr-2946	465	15	to	to	ADP
cblr-2946	465	16	the	the	DET
cblr-2946	465	17	current	current	ADJ
cblr-2946	465	18	credit	credit	NOUN
cblr-2946	465	19	crisis	crisis	NOUN
cblr-2946	466	1	,	,	PUNCT
cblr-2946	466	2	scholars	scholar	NOUN
cblr-2946	466	3	and	and	CCONJ
cblr-2946	466	4	commentators	commentator	NOUN
cblr-2946	466	5	seemed	seem	VERB
cblr-2946	466	6	to	to	PART
cblr-2946	466	7	agree	agree	VERB
cblr-2946	466	8	that	that	SCONJ
cblr-2946	466	9	cras	cras	PROPN
cblr-2946	466	10	had	have	AUX
cblr-2946	466	11	not	not	PART
cblr-2946	466	12	allowed	allow	VERB
cblr-2946	466	13	the	the	DET
cblr-2946	466	14	integrity	integrity	NOUN
cblr-2946	466	15	of	of	ADP
cblr-2946	466	16	their	their	PRON
cblr-2946	466	17	ratings	rating	NOUN
cblr-2946	466	18	to	to	PART
cblr-2946	466	19	become	become	AUX
cblr-2946	466	20	compromised	compromise	VERB
cblr-2946	466	21	by	by	ADP
cblr-2946	466	22	the	the	DET
cblr-2946	466	23	issuer	issuer	NOUN
cblr-2946	466	24	pays	pay	VERB
cblr-2946	466	25	model	model	PROPN
cblr-2946	466	26	,	,	PUNCT
cblr-2946	466	27	despite	despite	SCONJ
cblr-2946	466	28	the	the	DET
cblr-2946	466	29	aforementioned	aforementioned	ADJ
cblr-2946	466	30	characteristics	characteristic	NOUN
cblr-2946	466	31	of	of	ADP
cblr-2946	466	32	the	the	DET
cblr-2946	466	33	industry	industry	NOUN
cblr-2946	466	34	that	that	PRON
cblr-2946	466	35	could	could	AUX
cblr-2946	466	36	have	have	AUX
cblr-2946	466	37	exacerbated	exacerbate	VERB
cblr-2946	466	38	discretion	discretion	NOUN
cblr-2946	466	39	by	by	ADP
cblr-2946	466	40	concluding	conclude	VERB
cblr-2946	466	41	that	that	PRON
cblr-2946	466	42	fitch	fitch	NOUN
cblr-2946	466	43	had	have	AUX
cblr-2946	466	44	not	not	PART
cblr-2946	466	45	sufficiently	sufficiently	ADV
cblr-2946	466	46	shown	show	VERB
cblr-2946	466	47	that	that	SCONJ
cblr-2946	466	48	the	the	DET
cblr-2946	466	49	information	information	NOUN
cblr-2946	466	50	it	it	PRON
cblr-2946	466	51	sought	seek	VERB
cblr-2946	466	52	to	to	PART
cblr-2946	466	53	protect	protect	VERB
cblr-2946	466	54	was	be	AUX
cblr-2946	466	55	gathered	gather	VERB
cblr-2946	466	56	pursuant	pursuant	ADV
cblr-2946	466	57	to	to	ADP
cblr-2946	466	58	the	the	DET
cblr-2946	466	59	newsgathering	newsgathering	NOUN
cblr-2946	466	60	activities	activity	NOUN
cblr-2946	466	61	of	of	ADP
cblr-2946	466	62	a	a	DET
cblr-2946	466	63	professional	professional	ADJ
cblr-2946	466	64	journalist	journalist	NOUN
cblr-2946	466	65	.	.	PUNCT
cblr-2946	466	66	"	"	PUNCT
cblr-2946	466	67	)	)	PUNCT
cblr-2946	466	68	.	.	PUNCT
cblr-2946	467	1	124	124	NUM
cblr-2946	467	2	quinn	quinn	PROPN
cblr-2946	467	3	v.	v.	ADP
cblr-2946	467	4	mcgraw	mcgraw	PROPN
cblr-2946	467	5	hill	hill	PROPN
cblr-2946	467	6	cos	cos	PROPN
cblr-2946	467	7	.	.	PROPN
cblr-2946	467	8	,	,	PUNCT
cblr-2946	467	9	inc	inc	PROPN
cblr-2946	467	10	.	.	PROPN
cblr-2946	467	11	,	,	PUNCT
cblr-2946	467	12	168	168	NUM
cblr-2946	467	13	f.3d	f.3d	NUM
cblr-2946	467	14	331	331	NUM
cblr-2946	467	15	,	,	PUNCT
cblr-2946	467	16	336	336	NUM
cblr-2946	467	17	(	(	PUNCT
cblr-2946	467	18	7th	7th	ADJ
cblr-2946	467	19	cir	cir	NOUN
cblr-2946	467	20	.	.	PROPN
cblr-2946	467	21	1999	1999	NUM
cblr-2946	467	22	)	)	PUNCT
cblr-2946	467	23	(	(	PUNCT
cblr-2946	467	24	concluding	conclude	VERB
cblr-2946	467	25	that	that	PRON
cblr-2946	467	26	,	,	PUNCT
cblr-2946	467	27	on	on	ADP
cblr-2946	467	28	the	the	DET
cblr-2946	467	29	facts	fact	NOUN
cblr-2946	467	30	of	of	ADP
cblr-2946	467	31	the	the	DET
cblr-2946	467	32	case	case	NOUN
cblr-2946	467	33	,	,	PUNCT
cblr-2946	467	34	no	no	DET
cblr-2946	467	35	reasonable	reasonable	ADJ
cblr-2946	467	36	jury	jury	NOUN
cblr-2946	467	37	could	could	AUX
cblr-2946	467	38	find	find	VERB
cblr-2946	467	39	that	that	DET
cblr-2946	467	40	plaintiff	plaintiff	NOUN
cblr-2946	467	41	reasonably	reasonably	ADV
cblr-2946	467	42	relied	rely	VERB
cblr-2946	467	43	on	on	ADP
cblr-2946	467	44	defendant	defendant	PROPN
cblr-2946	467	45	cra	cra	PROPN
cblr-2946	467	46	's	's	PART
cblr-2946	467	47	rating	rating	NOUN
cblr-2946	467	48	)	)	PUNCT
cblr-2946	467	49	.	.	PUNCT
cblr-2946	468	1	125	125	NUM
cblr-2946	468	2	15	15	NUM
cblr-2946	468	3	u.s.c	u.s.c	NOUN
cblr-2946	468	4	.	.	PUNCT
cblr-2946	469	1	§	§	PROPN
cblr-2946	469	2	78o-7(m)(2	78o-7(m)(2	X
cblr-2946	469	3	)	)	PUNCT
cblr-2946	469	4	(	(	PUNCT
cblr-2946	469	5	2009	2009	NUM
cblr-2946	469	6	)	)	PUNCT
cblr-2946	469	7	.	.	PUNCT
cblr-2946	470	1	126	126	NUM
cblr-2946	470	2	see	see	VERB
cblr-2946	470	3	,	,	PUNCT
cblr-2946	470	4	e.g.	e.g.	ADV
cblr-2946	470	5	,	,	PUNCT
cblr-2946	470	6	coffee	coffee	NOUN
cblr-2946	470	7	,	,	PUNCT
cblr-2946	470	8	supra	supra	PROPN
cblr-2946	470	9	note	note	NOUN
cblr-2946	470	10	7	7	NUM
cblr-2946	470	11	,	,	PUNCT
cblr-2946	470	12	at	at	ADP
cblr-2946	470	13	313	313	NUM
cblr-2946	470	14	n.71	n.71	NOUN
cblr-2946	470	15	(	(	PUNCT
cblr-2946	470	16	noting	note	VERB
cblr-2946	470	17	that	that	SCONJ
cblr-2946	470	18	the	the	DET
cblr-2946	470	19	view	view	NOUN
cblr-2946	470	20	of	of	ADP
cblr-2946	470	21	ratings	rating	NOUN
cblr-2946	470	22	as	as	ADP
cblr-2946	470	23	editorials	editorial	NOUN
cblr-2946	470	24	seems	seem	VERB
cblr-2946	470	25	increasingly	increasingly	ADV
cblr-2946	470	26	dated	date	VERB
cblr-2946	470	27	)	)	PUNCT
cblr-2946	470	28	;	;	PUNCT
cblr-2946	470	29	it	it	PRON
cblr-2946	470	30	re	re	VERB
cblr-2946	470	31	nat'l	nat'l	NOUN
cblr-2946	470	32	.	.	PUNCT
cblr-2946	471	1	century	century	PROPN
cblr-2946	471	2	fin	fin	NOUN
cblr-2946	471	3	.	.	PUNCT
cblr-2946	472	1	enter	enter	VERB
cblr-2946	472	2	.	.	PUNCT
cblr-2946	472	3	,	,	PUNCT
cblr-2946	472	4	inc	inc	PROPN
cblr-2946	472	5	.	.	PROPN
cblr-2946	472	6	,	,	PUNCT
cblr-2946	472	7	580	580	NUM
cblr-2946	472	8	f.	f.	PROPN
cblr-2946	472	9	supp	supp	PROPN
cblr-2946	472	10	.	.	PUNCT
cblr-2946	473	1	2d	2d	PROPN
cblr-2946	473	2	630	630	NUM
cblr-2946	473	3	,	,	PUNCT
cblr-2946	473	4	639	639	NUM
cblr-2946	473	5	-	-	SYM
cblr-2946	473	6	40	40	NUM
cblr-2946	473	7	,	,	PUNCT
cblr-2946	473	8	653	653	NUM
cblr-2946	473	9	(	(	PUNCT
cblr-2946	473	10	s.d	s.d	PROPN
cblr-2946	473	11	.	.	PROPN
cblr-2946	473	12	ohio	ohio	PROPN
cblr-2946	473	13	2008	2008	NUM
cblr-2946	473	14	)	)	PUNCT
cblr-2946	473	15	(	(	PUNCT
cblr-2946	473	16	rejecting	reject	VERB
cblr-2946	473	17	cras	cras	X
cblr-2946	473	18	'	'	PART
cblr-2946	473	19	first	first	ADJ
cblr-2946	473	20	amendment	amendment	NOUN
cblr-2946	473	21	defenses	defense	NOUN
cblr-2946	473	22	on	on	ADP
cblr-2946	473	23	the	the	DET
cblr-2946	473	24	grounds	ground	NOUN
cblr-2946	473	25	that	that	SCONJ
cblr-2946	473	26	the	the	DET
cblr-2946	473	27	complaint	complaint	NOUN
cblr-2946	473	28	did	do	AUX
cblr-2946	473	29	not	not	PART
cblr-2946	473	30	allege	allege	VERB
cblr-2946	473	31	that	that	SCONJ
cblr-2946	473	32	the	the	DET
cblr-2946	473	33	ratings	rating	NOUN
cblr-2946	473	34	were	be	AUX
cblr-2946	473	35	disseminated	disseminate	VERB
cblr-2946	473	36	to	to	ADP
cblr-2946	473	37	the	the	DET
cblr-2946	473	38	general	general	ADJ
cblr-2946	473	39	public	public	NOUN
cblr-2946	473	40	)	)	PUNCT
cblr-2946	473	41	;	;	PUNCT
cblr-2946	473	42	coffee	coffee	NOUN
cblr-2946	473	43	,	,	PUNCT
cblr-2946	473	44	supra	supra	PROPN
cblr-2946	473	45	note	note	NOUN
cblr-2946	473	46	31	31	NUM
cblr-2946	473	47	(	(	PUNCT
cblr-2946	473	48	discussing	discuss	VERB
cblr-2946	473	49	nat'l	nat'l	NOUN
cblr-2946	473	50	century	century	NOUN
cblr-2946	473	51	case	case	NOUN
cblr-2946	473	52	and	and	CCONJ
cblr-2946	473	53	noting	note	VERB
cblr-2946	473	54	insulation	insulation	NOUN
cblr-2946	473	55	from	from	ADP
cblr-2946	473	56	liability	liability	NOUN
cblr-2946	473	57	may	may	AUX
cblr-2946	473	58	be	be	AUX
cblr-2946	473	59	changing	change	VERB
cblr-2946	473	60	)	)	PUNCT
cblr-2946	473	61	.	.	PUNCT
cblr-2946	474	1	columbia	columbia	PROPN
cblr-2946	474	2	business	business	PROPN
cblr-2946	474	3	la	la	PROPN
cblr-2946	474	4	w	w	PROPN
cblr-2946	474	5	review	review	NOUN
cblr-2946	474	6	this	this	DET
cblr-2946	474	7	conflict.127	conflict.127	NOUN
cblr-2946	474	8	this	this	DET
cblr-2946	474	9	notion	notion	NOUN
cblr-2946	474	10	is	be	AUX
cblr-2946	474	11	consistent	consistent	ADJ
cblr-2946	474	12	with	with	ADP
cblr-2946	474	13	the	the	DET
cblr-2946	474	14	prevailing	prevail	VERB
cblr-2946	474	15	view	view	NOUN
cblr-2946	474	16	of	of	ADP
cblr-2946	474	17	cras	cra	NOUN
cblr-2946	474	18	:	:	PUNCT
cblr-2946	474	19	the	the	DET
cblr-2946	474	20	"	"	PUNCT
cblr-2946	474	21	reputational	reputational	ADJ
cblr-2946	474	22	capital	capital	NOUN
cblr-2946	474	23	"	"	PUNCT
cblr-2946	474	24	model.128	model.128	NOUN
cblr-2946	474	25	in	in	ADP
cblr-2946	474	26	contrast	contrast	NOUN
cblr-2946	474	27	with	with	ADP
cblr-2946	474	28	the	the	DET
cblr-2946	474	29	regulatory	regulatory	ADJ
cblr-2946	474	30	license	license	NOUN
cblr-2946	474	31	view	view	NOUN
cblr-2946	474	32	,	,	PUNCT
cblr-2946	474	33	adherents	adherent	NOUN
cblr-2946	474	34	of	of	ADP
cblr-2946	474	35	this	this	DET
cblr-2946	474	36	model	model	NOUN
cblr-2946	474	37	emphasize	emphasize	VERB
cblr-2946	474	38	the	the	DET
cblr-2946	474	39	informational	informational	ADJ
cblr-2946	474	40	value	value	NOUN
cblr-2946	474	41	of	of	ADP
cblr-2946	474	42	ratings	rating	NOUN
cblr-2946	474	43	and	and	CCONJ
cblr-2946	474	44	believe	believe	VERB
cblr-2946	474	45	that	that	SCONJ
cblr-2946	474	46	the	the	DET
cblr-2946	474	47	need	need	NOUN
cblr-2946	474	48	to	to	PART
cblr-2946	474	49	maintain	maintain	VERB
cblr-2946	474	50	reputations	reputation	NOUN
cblr-2946	474	51	for	for	ADP
cblr-2946	474	52	accuracy	accuracy	NOUN
cblr-2946	474	53	and	and	CCONJ
cblr-2946	474	54	reliability	reliability	NOUN
cblr-2946	474	55	will	will	AUX
cblr-2946	474	56	give	give	VERB
cblr-2946	474	57	cras	cras	PROPN
cblr-2946	474	58	optimal	optimal	ADJ
cblr-2946	474	59	incentives	incentive	NOUN
cblr-2946	474	60	for	for	ADP
cblr-2946	474	61	highquality	highquality	NOUN
cblr-2946	474	62	ratings.129	ratings.129	VERB
cblr-2946	474	63	accordingly	accordingly	ADV
cblr-2946	474	64	,	,	PUNCT
cblr-2946	474	65	s&p	s&p	PROPN
cblr-2946	474	66	and	and	CCONJ
cblr-2946	474	67	moody	moody	NOUN
cblr-2946	474	68	's	's	PART
cblr-2946	474	69	have	have	AUX
cblr-2946	474	70	maintained	maintain	VERB
cblr-2946	474	71	their	their	PRON
cblr-2946	474	72	market	market	NOUN
cblr-2946	474	73	shares	share	NOUN
cblr-2946	474	74	by	by	ADP
cblr-2946	474	75	producing	produce	VERB
cblr-2946	474	76	high	high	ADJ
cblr-2946	474	77	-	-	PUNCT
cblr-2946	474	78	quality	quality	NOUN
cblr-2946	474	79	ratings	rating	NOUN
cblr-2946	474	80	,	,	PUNCT
cblr-2946	474	81	thus	thus	ADV
cblr-2946	474	82	building	build	VERB
cblr-2946	474	83	and	and	CCONJ
cblr-2946	474	84	maintaining	maintain	VERB
cblr-2946	474	85	reputational	reputational	ADJ
cblr-2946	474	86	capital	capital	NOUN
cblr-2946	474	87	,	,	PUNCT
cblr-2946	474	88	and	and	CCONJ
cblr-2946	474	89	agencies	agency	NOUN
cblr-2946	474	90	that	that	PRON
cblr-2946	474	91	did	do	AUX
cblr-2946	474	92	not	not	PART
cblr-2946	474	93	produce	produce	VERB
cblr-2946	474	94	accurate	accurate	ADJ
cblr-2946	474	95	ratings	rating	NOUN
cblr-2946	474	96	may	may	AUX
cblr-2946	474	97	have	have	AUX
cblr-2946	474	98	been	be	AUX
cblr-2946	474	99	forced	force	VERB
cblr-2946	474	100	out	out	ADP
cblr-2946	474	101	of	of	ADP
cblr-2946	474	102	the	the	DET
cblr-2946	474	103	market	market	NOUN
cblr-2946	474	104	.	.	PUNCT
cblr-2946	475	1	3	3	NUM
cblr-2946	475	2	°	°	NOUN
cblr-2946	475	3	under	under	ADP
cblr-2946	475	4	this	this	DET
cblr-2946	475	5	view	view	NOUN
cblr-2946	475	6	,	,	PUNCT
cblr-2946	475	7	a	a	DET
cblr-2946	475	8	cra	cra	PROPN
cblr-2946	475	9	127	127	NUM
cblr-2946	475	10	see	see	NOUN
cblr-2946	475	11	,	,	PUNCT
cblr-2946	475	12	e.g.	e.g.	ADV
cblr-2946	475	13	,	,	PUNCT
cblr-2946	475	14	hill	hill	NOUN
cblr-2946	475	15	,	,	PUNCT
cblr-2946	475	16	supra	supra	PROPN
cblr-2946	475	17	note	note	PROPN
cblr-2946	475	18	7	7	NUM
cblr-2946	475	19	,	,	PUNCT
cblr-2946	475	20	at	at	ADP
cblr-2946	475	21	51	51	NUM
cblr-2946	475	22	(	(	PUNCT
cblr-2946	475	23	"	"	PUNCT
cblr-2946	475	24	markets	market	NOUN
cblr-2946	475	25	apparently	apparently	ADV
cblr-2946	475	26	do	do	AUX
cblr-2946	475	27	believecorrectly	believecorrectly	ADV
cblr-2946	476	1	i	i	PRON
cblr-2946	476	2	think	think	VERB
cblr-2946	476	3	-	-	PUNCT
cblr-2946	476	4	that	that	SCONJ
cblr-2946	476	5	rating	rating	NOUN
cblr-2946	476	6	agencies	agency	NOUN
cblr-2946	476	7	are	be	AUX
cblr-2946	476	8	independent	independent	ADJ
cblr-2946	476	9	,	,	PUNCT
cblr-2946	476	10	notwithstanding	notwithstanding	ADP
cblr-2946	476	11	that	that	SCONJ
cblr-2946	476	12	rating	rating	NOUN
cblr-2946	476	13	agencies	agency	NOUN
cblr-2946	476	14	are	be	AUX
cblr-2946	476	15	paid	pay	VERB
cblr-2946	476	16	by	by	ADP
cblr-2946	476	17	their	their	PRON
cblr-2946	476	18	issuers	issuer	NOUN
cblr-2946	476	19	.	.	PUNCT
cblr-2946	477	1	"	"	PUNCT
cblr-2946	477	2	)	)	PUNCT
cblr-2946	477	3	;	;	PUNCT
cblr-2946	477	4	hunt	hunt	NOUN
cblr-2946	477	5	,	,	PUNCT
cblr-2946	477	6	supra	supra	PROPN
cblr-2946	477	7	note	note	NOUN
cblr-2946	477	8	3	3	NUM
cblr-2946	477	9	,	,	PUNCT
cblr-2946	477	10	at	at	ADP
cblr-2946	477	11	154	154	NUM
cblr-2946	477	12	(	(	PUNCT
cblr-2946	477	13	noting	note	VERB
cblr-2946	477	14	that	that	SCONJ
cblr-2946	477	15	the	the	DET
cblr-2946	477	16	sec	sec	PROPN
cblr-2946	477	17	's	's	PART
cblr-2946	477	18	rules	rule	NOUN
cblr-2946	477	19	promulgated	promulgate	VERB
cblr-2946	477	20	under	under	ADP
cblr-2946	477	21	the	the	DET
cblr-2946	477	22	2006	2006	NUM
cblr-2946	477	23	act	act	NOUN
cblr-2946	477	24	"	"	PUNCT
cblr-2946	477	25	reflect	reflect	VERB
cblr-2946	477	26	the	the	DET
cblr-2946	477	27	view	view	NOUN
cblr-2946	477	28	that	that	SCONJ
cblr-2946	477	29	no	no	DET
cblr-2946	477	30	serious	serious	ADJ
cblr-2946	477	31	regulatory	regulatory	ADJ
cblr-2946	477	32	intervention	intervention	NOUN
cblr-2946	477	33	is	be	AUX
cblr-2946	477	34	needed	need	VERB
cblr-2946	477	35	to	to	PART
cblr-2946	477	36	deal	deal	VERB
cblr-2946	477	37	with	with	ADP
cblr-2946	477	38	agency	agency	NOUN
cblr-2946	477	39	conflicts	conflict	NOUN
cblr-2946	477	40	of	of	ADP
cblr-2946	477	41	interest	interest	NOUN
cblr-2946	477	42	"	"	PUNCT
cblr-2946	477	43	)	)	PUNCT
cblr-2946	477	44	;	;	PUNCT
cblr-2946	477	45	see	see	VERB
cblr-2946	477	46	also	also	ADV
cblr-2946	477	47	coffee	coffee	NOUN
cblr-2946	477	48	,	,	PUNCT
cblr-2946	477	49	supra	supra	PROPN
cblr-2946	477	50	note	note	NOUN
cblr-2946	477	51	7	7	NUM
cblr-2946	477	52	,	,	PUNCT
cblr-2946	477	53	at	at	ADP
cblr-2946	477	54	287	287	NUM
cblr-2946	477	55	-	-	SYM
cblr-2946	477	56	88	88	NUM
cblr-2946	477	57	(	(	PUNCT
cblr-2946	477	58	discussing	discuss	VERB
cblr-2946	477	59	factors	factor	NOUN
cblr-2946	477	60	that	that	PRON
cblr-2946	477	61	provide	provide	VERB
cblr-2946	477	62	for	for	ADP
cblr-2946	477	63	checks	check	NOUN
cblr-2946	477	64	against	against	ADP
cblr-2946	477	65	issuer	issuer	NOUN
cblr-2946	477	66	pays	pay	VERB
cblr-2946	477	67	conflict	conflict	NOUN
cblr-2946	477	68	)	)	PUNCT
cblr-2946	477	69	.	.	PUNCT
cblr-2946	478	1	but	but	CCONJ
cblr-2946	478	2	see	see	VERB
cblr-2946	478	3	hill	hill	PROPN
cblr-2946	478	4	,	,	PUNCT
cblr-2946	478	5	supra	supra	PROPN
cblr-2946	478	6	note	note	PROPN
cblr-2946	478	7	7	7	NUM
cblr-2946	478	8	,	,	PUNCT
cblr-2946	478	9	at	at	ADP
cblr-2946	478	10	74	74	NUM
cblr-2946	478	11	(	(	PUNCT
cblr-2946	478	12	noting	note	VERB
cblr-2946	478	13	the	the	DET
cblr-2946	478	14	risk	risk	NOUN
cblr-2946	478	15	of	of	ADP
cblr-2946	478	16	arthur	arthur	PROPN
cblr-2946	478	17	andersen	andersen	PROPN
cblr-2946	478	18	-	-	PUNCT
cblr-2946	478	19	style	style	NOUN
cblr-2946	478	20	conflicts	conflict	NOUN
cblr-2946	478	21	should	should	AUX
cblr-2946	478	22	rating	rate	VERB
cblr-2946	478	23	agencies	agency	NOUN
cblr-2946	478	24	increase	increase	VERB
cblr-2946	478	25	their	their	PRON
cblr-2946	478	26	offerings	offering	NOUN
cblr-2946	478	27	of	of	ADP
cblr-2946	478	28	ancillary	ancillary	ADJ
cblr-2946	478	29	services	service	NOUN
cblr-2946	478	30	)	)	PUNCT
cblr-2946	478	31	.	.	PUNCT
cblr-2946	479	1	128	128	NUM
cblr-2946	479	2	hunt	hunt	NOUN
cblr-2946	479	3	,	,	PUNCT
cblr-2946	479	4	supra	supra	PROPN
cblr-2946	479	5	note	note	NOUN
cblr-2946	479	6	3	3	NUM
cblr-2946	479	7	,	,	PUNCT
cblr-2946	479	8	at	at	ADP
cblr-2946	479	9	113	113	NUM
cblr-2946	479	10	(	(	PUNCT
cblr-2946	479	11	"	"	PUNCT
cblr-2946	479	12	the	the	DET
cblr-2946	479	13	dominant	dominant	ADJ
cblr-2946	479	14	view	view	NOUN
cblr-2946	479	15	of	of	ADP
cblr-2946	479	16	rating	rating	NOUN
cblr-2946	479	17	quality	quality	NOUN
cblr-2946	479	18	in	in	ADP
cblr-2946	479	19	the	the	DET
cblr-2946	479	20	legal	legal	ADJ
cblr-2946	479	21	literature	literature	NOUN
cblr-2946	479	22	and	and	CCONJ
cblr-2946	479	23	among	among	ADP
cblr-2946	479	24	policyrnakers	policyrnaker	NOUN
cblr-2946	479	25	comes	come	VERB
cblr-2946	479	26	from	from	ADP
cblr-2946	479	27	the	the	DET
cblr-2946	479	28	'	'	PUNCT
cblr-2946	479	29	reputational	reputational	ADJ
cblr-2946	479	30	capital	capital	NOUN
cblr-2946	479	31	'	'	PUNCT
cblr-2946	479	32	model	model	NOUN
cblr-2946	479	33	....	....	PUNCT
cblr-2946	480	1	"	"	PUNCT
cblr-2946	480	2	)	)	PUNCT
cblr-2946	480	3	;	;	PUNCT
cblr-2946	480	4	i	i	PRON
cblr-2946	480	5	d.	d.	PROPN
cblr-2946	480	6	at	at	ADP
cblr-2946	480	7	15	15	NUM
cblr-2946	480	8	-	-	SYM
cblr-2946	480	9	16	16	NUM
cblr-2946	480	10	(	(	PUNCT
cblr-2946	480	11	elaborating	elaborate	VERB
cblr-2946	480	12	on	on	ADP
cblr-2946	480	13	the	the	DET
cblr-2946	480	14	reputational	reputational	ADJ
cblr-2946	480	15	capital	capital	NOUN
cblr-2946	480	16	view	view	NOUN
cblr-2946	480	17	)	)	PUNCT
cblr-2946	480	18	;	;	PUNCT
cblr-2946	480	19	steven	steven	PROPN
cblr-2946	480	20	l.	l.	PROPN
cblr-2946	480	21	schwarcz	schwarcz	PROPN
cblr-2946	480	22	,	,	PUNCT
cblr-2946	480	23	private	private	ADJ
cblr-2946	480	24	ordering	ordering	NOUN
cblr-2946	480	25	of	of	ADP
cblr-2946	480	26	public	public	ADJ
cblr-2946	480	27	markets	market	NOUN
cblr-2946	480	28	:	:	PUNCT
cblr-2946	480	29	the	the	DET
cblr-2946	480	30	rating	rating	NOUN
cblr-2946	480	31	agency	agency	NOUN
cblr-2946	480	32	paradox	paradox	NOUN
cblr-2946	480	33	,	,	PUNCT
cblr-2946	480	34	2002	2002	NUM
cblr-2946	480	35	u.	u.	PROPN
cblr-2946	480	36	ill	ill	PROPN
cblr-2946	480	37	.	.	PUNCT
cblr-2946	481	1	l.	l.	PROPN
cblr-2946	481	2	rev	rev	PROPN
cblr-2946	481	3	.	.	PROPN
cblr-2946	481	4	1	1	NUM
cblr-2946	481	5	,	,	PUNCT
cblr-2946	481	6	26	26	NUM
cblr-2946	481	7	(	(	PUNCT
cblr-2946	481	8	2002	2002	NUM
cblr-2946	481	9	)	)	PUNCT
cblr-2946	481	10	(	(	PUNCT
cblr-2946	481	11	"	"	PUNCT
cblr-2946	481	12	rating	rating	NOUN
cblr-2946	481	13	agencies	agency	NOUN
cblr-2946	481	14	are	be	AUX
cblr-2946	481	15	already	already	ADV
cblr-2946	481	16	motivated	motivated	ADJ
cblr-2946	481	17	to	to	PART
cblr-2946	481	18	provide	provide	VERB
cblr-2946	481	19	accurate	accurate	ADJ
cblr-2946	481	20	and	and	CCONJ
cblr-2946	481	21	efficient	efficient	ADJ
cblr-2946	481	22	ratings	rating	NOUN
cblr-2946	481	23	because	because	SCONJ
cblr-2946	481	24	their	their	PRON
cblr-2946	481	25	profitability	profitability	NOUN
cblr-2946	481	26	is	be	AUX
cblr-2946	481	27	directly	directly	ADV
cblr-2946	481	28	tied	tie	VERB
cblr-2946	481	29	to	to	ADP
cblr-2946	481	30	reputation	reputation	NOUN
cblr-2946	481	31	.	.	PUNCT
cblr-2946	481	32	"	"	PUNCT
cblr-2946	481	33	)	)	PUNCT
cblr-2946	481	34	;	;	PUNCT
cblr-2946	481	35	partnoy	partnoy	ADJ
cblr-2946	481	36	,	,	PUNCT
cblr-2946	481	37	supra	supra	ADJ
cblr-2946	481	38	note	note	NOUN
cblr-2946	481	39	7	7	NUM
cblr-2946	481	40	,	,	PUNCT
cblr-2946	481	41	at	at	ADP
cblr-2946	481	42	633	633	NUM
cblr-2946	481	43	(	(	PUNCT
cblr-2946	481	44	noting	note	VERB
cblr-2946	481	45	that	that	SCONJ
cblr-2946	481	46	law	law	NOUN
cblr-2946	481	47	journal	journal	NOUN
cblr-2946	481	48	commentary	commentary	NOUN
cblr-2946	481	49	seems	seem	VERB
cblr-2946	481	50	to	to	PART
cblr-2946	481	51	accept	accept	VERB
cblr-2946	481	52	arguments	argument	NOUN
cblr-2946	481	53	that	that	SCONJ
cblr-2946	481	54	"	"	PUNCT
cblr-2946	481	55	collectively	collectively	ADV
cblr-2946	481	56	present	present	VERB
cblr-2946	481	57	the	the	DET
cblr-2946	481	58	credit	credit	NOUN
cblr-2946	481	59	rating	rating	NOUN
cblr-2946	481	60	business	business	NOUN
cblr-2946	481	61	as	as	ADP
cblr-2946	481	62	competitive	competitive	ADJ
cblr-2946	481	63	and	and	CCONJ
cblr-2946	481	64	reputation	reputation	NOUN
cblr-2946	481	65	-	-	PUNCT
cblr-2946	481	66	driven	drive	VERB
cblr-2946	481	67	"	"	PUNCT
cblr-2946	481	68	)	)	PUNCT
cblr-2946	481	69	.	.	PUNCT
cblr-2946	482	1	129	129	NUM
cblr-2946	482	2	hunt	hunt	NOUN
cblr-2946	482	3	,	,	PUNCT
cblr-2946	482	4	supra	supra	PROPN
cblr-2946	482	5	note	note	NOUN
cblr-2946	482	6	3	3	NUM
cblr-2946	482	7	,	,	PUNCT
cblr-2946	482	8	at	at	ADP
cblr-2946	482	9	113	113	NUM
cblr-2946	482	10	(	(	PUNCT
cblr-2946	482	11	describing	describe	VERB
cblr-2946	482	12	how	how	SCONJ
cblr-2946	482	13	the	the	DET
cblr-2946	482	14	reputational	reputational	ADJ
cblr-2946	482	15	capital	capital	NOUN
cblr-2946	482	16	view	view	NOUN
cblr-2946	482	17	holds	hold	VERB
cblr-2946	482	18	that	that	SCONJ
cblr-2946	482	19	a	a	DET
cblr-2946	482	20	well	well	ADV
cblr-2946	482	21	-	-	PUNCT
cblr-2946	482	22	functioning	function	VERB
cblr-2946	482	23	reputation	reputation	NOUN
cblr-2946	482	24	mechanism	mechanism	NOUN
cblr-2946	482	25	will	will	AUX
cblr-2946	482	26	provide	provide	VERB
cblr-2946	482	27	cras	cra	NOUN
cblr-2946	482	28	with	with	ADP
cblr-2946	482	29	optimal	optimal	ADJ
cblr-2946	482	30	incentives	incentive	NOUN
cblr-2946	482	31	to	to	PART
cblr-2946	482	32	produce	produce	VERB
cblr-2946	482	33	ratings	rating	NOUN
cblr-2946	482	34	of	of	ADP
cblr-2946	482	35	high	high	ADJ
cblr-2946	482	36	quality	quality	NOUN
cblr-2946	482	37	)	)	PUNCT
cblr-2946	482	38	;	;	PUNCT
cblr-2946	483	1	i	i	PRON
cblr-2946	483	2	d.	d.	PROPN
cblr-2946	483	3	at	at	ADP
cblr-2946	483	4	116	116	NUM
cblr-2946	483	5	(	(	PUNCT
cblr-2946	483	6	"	"	PUNCT
cblr-2946	483	7	[	[	X
cblr-2946	483	8	tlhe	tlhe	ADJ
cblr-2946	483	9	mainstream	mainstream	ADJ
cblr-2946	483	10	view	view	NOUN
cblr-2946	483	11	is	be	AUX
cblr-2946	483	12	that	that	SCONJ
cblr-2946	483	13	investors	investor	NOUN
cblr-2946	483	14	value	value	VERB
cblr-2946	483	15	the	the	DET
cblr-2946	483	16	agencies	agency	NOUN
cblr-2946	483	17	'	'	PART
cblr-2946	483	18	assessments	assessment	NOUN
cblr-2946	483	19	of	of	ADP
cblr-2946	483	20	credit	credit	NOUN
cblr-2946	483	21	quality	quality	NOUN
cblr-2946	483	22	.	.	PUNCT
cblr-2946	483	23	"	"	PUNCT
cblr-2946	483	24	)	)	PUNCT
cblr-2946	483	25	;	;	PUNCT
cblr-2946	483	26	partnoy	partnoy	ADJ
cblr-2946	483	27	,	,	PUNCT
cblr-2946	483	28	supra	supra	ADJ
cblr-2946	483	29	note	note	NOUN
cblr-2946	483	30	7	7	NUM
cblr-2946	483	31	,	,	PUNCT
cblr-2946	483	32	at	at	ADP
cblr-2946	483	33	631	631	NUM
cblr-2946	483	34	(	(	PUNCT
cblr-2946	483	35	"	"	PUNCT
cblr-2946	483	36	financial	financial	ADJ
cblr-2946	483	37	economists	economist	NOUN
cblr-2946	483	38	maintain	maintain	VERB
cblr-2946	483	39	that	that	SCONJ
cblr-2946	483	40	the	the	DET
cblr-2946	483	41	value	value	NOUN
cblr-2946	483	42	of	of	ADP
cblr-2946	483	43	a	a	DET
cblr-2946	483	44	bond	bond	NOUN
cblr-2946	483	45	rating	rating	NOUN
cblr-2946	483	46	lies	lie	VERB
cblr-2946	483	47	in	in	ADP
cblr-2946	483	48	its	its	PRON
cblr-2946	483	49	certification	certification	NOUN
cblr-2946	483	50	of	of	ADP
cblr-2946	483	51	the	the	DET
cblr-2946	483	52	debt	debt	NOUN
cblr-2946	483	53	issue	issue	NOUN
cblr-2946	483	54	's	's	PART
cblr-2946	483	55	credit	credit	NOUN
cblr-2946	483	56	quality	quality	NOUN
cblr-2946	483	57	.	.	PUNCT
cblr-2946	483	58	"	"	PUNCT
cblr-2946	483	59	)	)	PUNCT
cblr-2946	483	60	.	.	PUNCT
cblr-2946	484	1	see	see	VERB
cblr-2946	484	2	supra	supra	PROPN
cblr-2946	484	3	part	part	PROPN
cblr-2946	484	4	iii.a	iii.a	PROPN
cblr-2946	484	5	.	.	NOUN
cblr-2946	484	6	1	1	NUM
cblr-2946	484	7	for	for	ADP
cblr-2946	484	8	discussion	discussion	NOUN
cblr-2946	484	9	of	of	ADP
cblr-2946	484	10	the	the	DET
cblr-2946	484	11	regulatory	regulatory	ADJ
cblr-2946	484	12	license	license	NOUN
cblr-2946	484	13	view	view	NOUN
cblr-2946	484	14	.	.	PUNCT
cblr-2946	485	1	"	"	PUNCT
cblr-2946	485	2	'	'	PUNCT
cblr-2946	485	3	see	see	VERB
cblr-2946	485	4	partnoy	partnoy	ADJ
cblr-2946	485	5	,	,	PUNCT
cblr-2946	485	6	supra	supra	ADJ
cblr-2946	485	7	note	note	NOUN
cblr-2946	485	8	7	7	NUM
cblr-2946	485	9	,	,	PUNCT
cblr-2946	485	10	at	at	ADP
cblr-2946	485	11	634	634	NUM
cblr-2946	485	12	(	(	PUNCT
cblr-2946	485	13	elaborating	elaborate	VERB
cblr-2946	485	14	on	on	ADP
cblr-2946	485	15	this	this	DET
cblr-2946	485	16	view	view	NOUN
cblr-2946	485	17	)	)	PUNCT
cblr-2946	485	18	.	.	PUNCT
cblr-2946	486	1	[	[	X
cblr-2946	486	2	vol	vol	NOUN
cblr-2946	486	3	.	.	PUNCT
cblr-2946	486	4	2009	2009	NUM
cblr-2946	486	5	no	no	NOUN
cblr-2946	486	6	.	.	PUNCT
cblr-2946	487	1	2:605	2:605	NUM
cblr-2946	487	2	]	]	X
cblr-2946	487	3	credit	credit	NOUN
cblr-2946	487	4	rating	rating	NOUN
cblr-2946	487	5	a	a	DET
cblr-2946	487	6	gencies	gencie	NOUN
cblr-2946	487	7	and	and	CCONJ
cblr-2946	487	8	the	the	DET
cblr-2946	487	9	credit	credit	NOUN
cblr-2946	487	10	crisis	crisis	NOUN
cblr-2946	487	11	635	635	NUM
cblr-2946	487	12	would	would	AUX
cblr-2946	487	13	withstand	withstand	VERB
cblr-2946	487	14	pressure	pressure	NOUN
cblr-2946	487	15	from	from	ADP
cblr-2946	487	16	issuers	issuer	NOUN
cblr-2946	487	17	to	to	PART
cblr-2946	487	18	inflate	inflate	VERB
cblr-2946	487	19	ratings	rating	NOUN
cblr-2946	487	20	out	out	ADP
cblr-2946	487	21	of	of	ADP
cblr-2946	487	22	concern	concern	NOUN
cblr-2946	487	23	for	for	ADP
cblr-2946	487	24	its	its	PRON
cblr-2946	487	25	reputation	reputation	NOUN
cblr-2946	487	26	.	.	PUNCT
cblr-2946	488	1	"	"	PUNCT
cblr-2946	488	2	'	'	PUNCT
cblr-2946	488	3	to	to	ADP
cblr-2946	488	4	the	the	DET
cblr-2946	488	5	extent	extent	NOUN
cblr-2946	488	6	observers	observer	NOUN
cblr-2946	488	7	have	have	AUX
cblr-2946	488	8	complained	complain	VERB
cblr-2946	488	9	about	about	ADP
cblr-2946	488	10	the	the	DET
cblr-2946	488	11	quality	quality	NOUN
cblr-2946	488	12	of	of	ADP
cblr-2946	488	13	ratings	rating	NOUN
cblr-2946	488	14	,	,	PUNCT
cblr-2946	488	15	the	the	DET
cblr-2946	488	16	complaints	complaint	NOUN
cblr-2946	488	17	have	have	AUX
cblr-2946	488	18	centered	center	VERB
cblr-2946	488	19	around	around	ADP
cblr-2946	488	20	shirking	shirk	VERB
cblr-2946	488	21	rather	rather	ADV
cblr-2946	488	22	than	than	ADP
cblr-2946	488	23	conflicts	conflict	NOUN
cblr-2946	488	24	of	of	ADP
cblr-2946	488	25	interest.13	interest.13	NOUN
cblr-2946	488	26	in	in	ADP
cblr-2946	488	27	a	a	DET
cblr-2946	488	28	series	series	NOUN
cblr-2946	488	29	of	of	ADP
cblr-2946	488	30	high	high	ADJ
cblr-2946	488	31	profile	profile	NOUN
cblr-2946	488	32	events	event	NOUN
cblr-2946	488	33	,	,	PUNCT
cblr-2946	488	34	such	such	ADJ
cblr-2946	488	35	as	as	ADP
cblr-2946	488	36	the	the	DET
cblr-2946	488	37	enron	enron	PROPN
cblr-2946	488	38	and	and	CCONJ
cblr-2946	488	39	worldcom	worldcom	PROPN
cblr-2946	488	40	bankruptcies	bankruptcy	NOUN
cblr-2946	488	41	and	and	CCONJ
cblr-2946	488	42	the	the	DET
cblr-2946	488	43	1997	1997	NUM
cblr-2946	488	44	asian	asian	ADJ
cblr-2946	488	45	financial	financial	ADJ
cblr-2946	488	46	crisis	crisis	NOUN
cblr-2946	488	47	,	,	PUNCT
cblr-2946	488	48	cras	cras	PROPN
cblr-2946	488	49	have	have	AUX
cblr-2946	488	50	been	be	AUX
cblr-2946	488	51	notoriously	notoriously	ADV
cblr-2946	488	52	slow	slow	ADJ
cblr-2946	488	53	to	to	PART
cblr-2946	488	54	downgrade	downgrade	VERB
cblr-2946	488	55	ratings.33	ratings.33	PROPN
cblr-2946	488	56	some	some	DET
cblr-2946	488	57	commentators	commentator	NOUN
cblr-2946	488	58	suggest	suggest	VERB
cblr-2946	488	59	that	that	SCONJ
cblr-2946	488	60	the	the	DET
cblr-2946	488	61	absence	absence	NOUN
cblr-2946	488	62	of	of	ADP
cblr-2946	488	63	competition	competition	NOUN
cblr-2946	488	64	in	in	ADP
cblr-2946	488	65	the	the	DET
cblr-2946	488	66	market	market	NOUN
cblr-2946	488	67	permits	permit	VERB
cblr-2946	488	68	the	the	DET
cblr-2946	488	69	agencies	agency	NOUN
cblr-2946	488	70	to	to	PART
cblr-2946	488	71	devote	devote	VERB
cblr-2946	488	72	fewer	few	ADJ
cblr-2946	488	73	resources	resource	NOUN
cblr-2946	488	74	to	to	PART
cblr-2946	488	75	research	research	VERB
cblr-2946	488	76	and	and	CCONJ
cblr-2946	488	77	that	that	SCONJ
cblr-2946	488	78	the	the	DET
cblr-2946	488	79	agencies	agency	NOUN
cblr-2946	488	80	are	be	AUX
cblr-2946	488	81	reactive	reactive	ADJ
cblr-2946	488	82	,	,	PUNCT
cblr-2946	488	83	downgrading	downgrade	VERB
cblr-2946	488	84	securities	security	NOUN
cblr-2946	488	85	after	after	SCONJ
cblr-2946	488	86	negative	negative	ADJ
cblr-2946	488	87	public	public	ADJ
cblr-2946	488	88	information	information	NOUN
cblr-2946	488	89	has	have	AUX
cblr-2946	488	90	been	be	AUX
cblr-2946	488	91	released	release	VERB
cblr-2946	488	92	,	,	PUNCT
cblr-2946	488	93	rather	rather	ADV
cblr-2946	488	94	than	than	ADP
cblr-2946	488	95	anticipating	anticipate	VERB
cblr-2946	488	96	these	these	DET
cblr-2946	488	97	developments.13	developments.13	PROPN
cblr-2946	488	98	4	4	NUM
cblr-2946	488	99	cras	cras	X
cblr-2946	488	100	counter	counter	VERB
cblr-2946	488	101	that	that	SCONJ
cblr-2946	488	102	investment	investment	NOUN
cblr-2946	488	103	grade	grade	NOUN
cblr-2946	488	104	securities	security	NOUN
cblr-2946	488	105	rarely	rarely	ADV
cblr-2946	488	106	default	default	VERB
cblr-2946	488	107	,	,	PUNCT
cblr-2946	488	108	but	but	CCONJ
cblr-2946	488	109	one	one	PRON
cblr-2946	488	110	might	might	AUX
cblr-2946	488	111	question	question	VERB
cblr-2946	488	112	how	how	SCONJ
cblr-2946	488	113	meaningful	meaningful	ADJ
cblr-2946	488	114	this	this	DET
cblr-2946	488	115	assertion	assertion	NOUN
cblr-2946	488	116	is	be	AUX
cblr-2946	488	117	.	.	PUNCT
cblr-2946	488	118	35	35	NUM
cblr-2946	488	119	academics	academic	NOUN
cblr-2946	488	120	point	point	VERB
cblr-2946	488	121	to	to	ADP
cblr-2946	488	122	examples	example	NOUN
cblr-2946	488	123	where	where	SCONJ
cblr-2946	488	124	the	the	DET
cblr-2946	488	125	agencies	agency	NOUN
cblr-2946	488	126	have	have	AUX
cblr-2946	488	127	downgraded	downgrade	VERB
cblr-2946	488	128	securities	security	NOUN
cblr-2946	488	129	from	from	ADP
cblr-2946	488	130	investment	investment	NOUN
cblr-2946	488	131	grade	grade	NOUN
cblr-2946	488	132	within	within	ADP
cblr-2946	488	133	days	day	NOUN
cblr-2946	488	134	of	of	ADP
cblr-2946	488	135	default	default	NOUN
cblr-2946	488	136	.	.	PUNCT
cblr-2946	489	1	136	136	NUM
cblr-2946	489	2	despite	despite	SCONJ
cblr-2946	489	3	these	these	DET
cblr-2946	489	4	examples	example	NOUN
cblr-2946	489	5	,	,	PUNCT
cblr-2946	489	6	investment	investment	NOUN
cblr-2946	489	7	grade	grade	NOUN
cblr-2946	489	8	ratings	rating	NOUN
cblr-2946	489	9	-	-	PUNCT
cblr-2946	489	10	particularly	particularly	ADV
cblr-2946	489	11	initial	initial	ADJ
cblr-2946	489	12	ratings	rating	NOUN
cblr-2946	489	13	--	--	PUNCT
cblr-2946	489	14	of	of	ADP
cblr-2946	489	15	corporate	corporate	ADJ
cblr-2946	489	16	securities	security	NOUN
cblr-2946	489	17	are	be	AUX
cblr-2946	489	18	accepted	accept	VERB
cblr-2946	489	19	by	by	ADP
cblr-2946	489	20	academics	academic	NOUN
cblr-2946	489	21	as	as	ADP
cblr-2946	489	22	reliable	reliable	ADJ
cblr-2946	489	23	indicators	indicator	NOUN
cblr-2946	489	24	of	of	ADP
cblr-2946	489	25	relative	relative	ADJ
cblr-2946	489	26	credit	credit	NOUN
cblr-2946	489	27	risk.13	risk.13	NOUN
cblr-2946	489	28	7	7	NUM
cblr-2946	489	29	131	131	NUM
cblr-2946	489	30	professor	professor	PROPN
cblr-2946	489	31	hill	hill	PROPN
cblr-2946	489	32	also	also	ADV
cblr-2946	489	33	notes	note	VERB
cblr-2946	489	34	that	that	SCONJ
cblr-2946	489	35	the	the	DET
cblr-2946	489	36	two	two	NUM
cblr-2946	489	37	-	-	PUNCT
cblr-2946	489	38	rating	rating	NOUN
cblr-2946	489	39	norm	norm	NOUN
cblr-2946	489	40	would	would	AUX
cblr-2946	489	41	help	help	VERB
cblr-2946	489	42	moody	moody	PROPN
cblr-2946	489	43	's	's	PART
cblr-2946	489	44	and	and	CCONJ
cblr-2946	489	45	s&p	s&p	PROPN
cblr-2946	489	46	to	to	PART
cblr-2946	489	47	withstand	withstand	VERB
cblr-2946	489	48	this	this	DET
cblr-2946	489	49	pressure	pressure	NOUN
cblr-2946	489	50	,	,	PUNCT
cblr-2946	489	51	since	since	SCONJ
cblr-2946	489	52	issuers	issuer	NOUN
cblr-2946	489	53	could	could	AUX
cblr-2946	489	54	not	not	PART
cblr-2946	489	55	credibly	credibly	ADV
cblr-2946	489	56	threaten	threaten	VERB
cblr-2946	489	57	to	to	PART
cblr-2946	489	58	take	take	VERB
cblr-2946	489	59	their	their	PRON
cblr-2946	489	60	business	business	NOUN
cblr-2946	489	61	elsewhere	elsewhere	ADV
cblr-2946	489	62	.	.	PUNCT
cblr-2946	490	1	hill	hill	PROPN
cblr-2946	490	2	,	,	PUNCT
cblr-2946	490	3	supra	supra	PROPN
cblr-2946	490	4	note	note	PROPN
cblr-2946	490	5	7	7	NUM
cblr-2946	490	6	,	,	PUNCT
cblr-2946	490	7	at	at	ADP
cblr-2946	490	8	74	74	NUM
cblr-2946	490	9	.	.	PUNCT
cblr-2946	491	1	132	132	NUM
cblr-2946	491	2	see	see	NOUN
cblr-2946	491	3	,	,	PUNCT
cblr-2946	491	4	e.g.	e.g.	ADV
cblr-2946	491	5	,	,	PUNCT
cblr-2946	491	6	claire	claire	PROPN
cblr-2946	491	7	a.	a.	PROPN
cblr-2946	491	8	hill	hill	PROPN
cblr-2946	491	9	,	,	PUNCT
cblr-2946	491	10	rating	rating	NOUN
cblr-2946	491	11	agencies	agency	NOUN
cblr-2946	491	12	behaving	behave	VERB
cblr-2946	491	13	badly	badly	ADV
cblr-2946	491	14	:	:	PUNCT
cblr-2946	491	15	the	the	DET
cblr-2946	491	16	case	case	NOUN
cblr-2946	491	17	of	of	ADP
cblr-2946	491	18	enron	enron	PROPN
cblr-2946	491	19	,	,	PUNCT
cblr-2946	491	20	35	35	NUM
cblr-2946	491	21	conn	conn	NOUN
cblr-2946	491	22	.	.	PUNCT
cblr-2946	492	1	l.	l.	PROPN
cblr-2946	492	2	rev	rev	PROPN
cblr-2946	492	3	.	.	PROPN
cblr-2946	492	4	1145	1145	NUM
cblr-2946	492	5	,	,	PUNCT
cblr-2946	492	6	1152	1152	NUM
cblr-2946	492	7	n.58	n.58	PROPN
cblr-2946	492	8	(	(	PUNCT
cblr-2946	492	9	"	"	PUNCT
cblr-2946	492	10	interestingly	interestingly	ADV
cblr-2946	492	11	,	,	PUNCT
cblr-2946	492	12	the	the	DET
cblr-2946	492	13	criticism	criticism	NOUN
cblr-2946	492	14	has	have	AUX
cblr-2946	492	15	largely	largely	ADV
cblr-2946	492	16	centered	center	VERB
cblr-2946	492	17	around	around	ADP
cblr-2946	492	18	'	'	PUNCT
cblr-2946	492	19	shirking	shirk	VERB
cblr-2946	492	20	'	'	PUNCT
cblr-2946	492	21	rather	rather	ADV
cblr-2946	492	22	than	than	ADP
cblr-2946	492	23	conflicts	conflict	NOUN
cblr-2946	492	24	of	of	ADP
cblr-2946	492	25	interest	interest	NOUN
cblr-2946	492	26	..	..	PUNCT
cblr-2946	492	27	"	"	PUNCT
cblr-2946	492	28	)	)	PUNCT
cblr-2946	492	29	.	.	PUNCT
cblr-2946	493	1	"	"	PUNCT
cblr-2946	493	2	'	'	PUNCT
cblr-2946	493	3	hill	hill	NOUN
cblr-2946	493	4	,	,	PUNCT
cblr-2946	493	5	supra	supra	PROPN
cblr-2946	493	6	note	note	PROPN
cblr-2946	493	7	7	7	NUM
cblr-2946	493	8	,	,	PUNCT
cblr-2946	493	9	at	at	ADP
cblr-2946	493	10	67	67	NUM
cblr-2946	493	11	(	(	PUNCT
cblr-2946	493	12	"	"	PUNCT
cblr-2946	493	13	[	[	X
cblr-2946	493	14	wlhere	wlhere	X
cblr-2946	493	15	[	[	X
cblr-2946	493	16	cras	cras	X
cblr-2946	493	17	]	]	X
cblr-2946	493	18	have	have	AUX
cblr-2946	493	19	been	be	AUX
cblr-2946	493	20	more	more	ADV
cblr-2946	493	21	vociferously	vociferously	ADV
cblr-2946	493	22	criticized	criticize	VERB
cblr-2946	493	23	,	,	PUNCT
cblr-2946	493	24	is	be	AUX
cblr-2946	493	25	in	in	ADP
cblr-2946	493	26	their	their	PRON
cblr-2946	493	27	ongoing	ongoing	ADJ
cblr-2946	493	28	ratings	rating	NOUN
cblr-2946	493	29	-	-	PUNCT
cblr-2946	493	30	their	their	PRON
cblr-2946	493	31	upgradings	upgrading	NOUN
cblr-2946	493	32	and	and	CCONJ
cblr-2946	493	33	downgradings	downgrading	NOUN
cblr-2946	493	34	.	.	PUNCT
cblr-2946	494	1	consider	consider	VERB
cblr-2946	494	2	,	,	PUNCT
cblr-2946	494	3	enron	enron	PROPN
cblr-2946	494	4	,	,	PUNCT
cblr-2946	494	5	worldcom	worldcom	PROPN
cblr-2946	494	6	,	,	PUNCT
cblr-2946	494	7	the	the	DET
cblr-2946	494	8	asian	asian	ADJ
cblr-2946	494	9	flu	flu	NOUN
cblr-2946	494	10	,	,	PUNCT
cblr-2946	494	11	and	and	CCONJ
cblr-2946	494	12	the	the	DET
cblr-2946	494	13	many	many	ADJ
cblr-2946	494	14	other	other	ADJ
cblr-2946	494	15	examples	example	NOUN
cblr-2946	494	16	where	where	SCONJ
cblr-2946	494	17	,	,	PUNCT
cblr-2946	494	18	it	it	PRON
cblr-2946	494	19	seems	seem	VERB
cblr-2946	494	20	,	,	PUNCT
cblr-2946	494	21	downgrades	downgrade	NOUN
cblr-2946	494	22	came	come	VERB
cblr-2946	494	23	much	much	ADV
cblr-2946	494	24	too	too	ADV
cblr-2946	494	25	late	late	ADJ
cblr-2946	494	26	.	.	PUNCT
cblr-2946	494	27	"	"	PUNCT
cblr-2946	494	28	)	)	PUNCT
cblr-2946	494	29	.	.	PUNCT
cblr-2946	495	1	134	134	NUM
cblr-2946	495	2	see	see	VERB
cblr-2946	495	3	coffee	coffee	NOUN
cblr-2946	495	4	,	,	PUNCT
cblr-2946	495	5	supra	supra	PROPN
cblr-2946	495	6	note	note	NOUN
cblr-2946	495	7	7	7	NUM
cblr-2946	495	8	,	,	PUNCT
cblr-2946	495	9	at	at	ADP
cblr-2946	495	10	285	285	NUM
cblr-2946	495	11	.	.	PUNCT
cblr-2946	496	1	131	131	NUM
cblr-2946	496	2	see	see	VERB
cblr-2946	496	3	,	,	PUNCT
cblr-2946	496	4	e.g.	e.g.	ADV
cblr-2946	496	5	,	,	PUNCT
cblr-2946	496	6	i	i	PROPN
cblr-2946	496	7	d	d	PROPN
cblr-2946	496	8	at	at	ADP
cblr-2946	496	9	297	297	NUM
cblr-2946	496	10	(	(	PUNCT
cblr-2946	496	11	noting	note	VERB
cblr-2946	496	12	that	that	SCONJ
cblr-2946	496	13	the	the	DET
cblr-2946	496	14	industry	industry	NOUN
cblr-2946	496	15	points	point	VERB
cblr-2946	496	16	out	out	ADP
cblr-2946	496	17	that	that	SCONJ
cblr-2946	496	18	few	few	ADJ
cblr-2946	496	19	investment	investment	NOUN
cblr-2946	496	20	grade	grade	NOUN
cblr-2946	496	21	securities	security	NOUN
cblr-2946	496	22	default	default	NOUN
cblr-2946	496	23	)	)	PUNCT
cblr-2946	496	24	;	;	PUNCT
cblr-2946	496	25	schwarcz	schwarcz	NOUN
cblr-2946	496	26	,	,	PUNCT
cblr-2946	496	27	supra	supra	PROPN
cblr-2946	496	28	note	note	PROPN
cblr-2946	496	29	128	128	NUM
cblr-2946	496	30	,	,	PUNCT
cblr-2946	496	31	at	at	ADP
cblr-2946	496	32	13	13	NUM
cblr-2946	496	33	(	(	PUNCT
cblr-2946	496	34	discussing	discuss	VERB
cblr-2946	496	35	cra	cra	PROPN
cblr-2946	496	36	's	's	PART
cblr-2946	496	37	successful	successful	ADJ
cblr-2946	496	38	track	track	NOUN
cblr-2946	496	39	record	record	NOUN
cblr-2946	496	40	(	(	PUNCT
cblr-2946	496	41	citations	citation	NOUN
cblr-2946	496	42	omitted	omit	VERB
cblr-2946	496	43	)	)	PUNCT
cblr-2946	496	44	)	)	PUNCT
cblr-2946	496	45	.	.	PUNCT
cblr-2946	497	1	136	136	NUM
cblr-2946	497	2	see	see	VERB
cblr-2946	497	3	coffee	coffee	NOUN
cblr-2946	497	4	,	,	PUNCT
cblr-2946	497	5	supra	supra	PROPN
cblr-2946	497	6	note	note	NOUN
cblr-2946	497	7	7	7	NUM
cblr-2946	497	8	,	,	PUNCT
cblr-2946	497	9	at	at	ADP
cblr-2946	497	10	297	297	NUM
cblr-2946	497	11	(	(	PUNCT
cblr-2946	497	12	"	"	PUNCT
cblr-2946	497	13	default	default	NOUN
cblr-2946	497	14	statistics	statistic	NOUN
cblr-2946	497	15	are	be	AUX
cblr-2946	497	16	thus	thus	ADV
cblr-2946	497	17	as	as	ADV
cblr-2946	497	18	cooked	cook	VERB
cblr-2946	497	19	as	as	ADP
cblr-2946	497	20	enron	enron	PROPN
cblr-2946	497	21	's	's	PART
cblr-2946	497	22	books	book	NOUN
cblr-2946	497	23	.	.	PUNCT
cblr-2946	497	24	"	"	PUNCT
cblr-2946	497	25	)	)	PUNCT
cblr-2946	497	26	.	.	PUNCT
cblr-2946	498	1	137	137	NUM
cblr-2946	498	2	see	see	VERB
cblr-2946	498	3	,	,	PUNCT
cblr-2946	498	4	e.g.	e.g.	ADV
cblr-2946	498	5	,	,	PUNCT
cblr-2946	498	6	coffee	coffee	NOUN
cblr-2946	498	7	,	,	PUNCT
cblr-2946	498	8	supra	supra	PROPN
cblr-2946	498	9	note	note	NOUN
cblr-2946	498	10	31	31	NUM
cblr-2946	498	11	(	(	PUNCT
cblr-2946	498	12	"	"	PUNCT
cblr-2946	498	13	in	in	ADP
cblr-2946	498	14	truth	truth	NOUN
cblr-2946	498	15	,	,	PUNCT
cblr-2946	498	16	the	the	DET
cblr-2946	498	17	credit	credit	NOUN
cblr-2946	498	18	rating	rating	NOUN
cblr-2946	498	19	agencies	agency	NOUN
cblr-2946	498	20	were	be	AUX
cblr-2946	498	21	and	and	CCONJ
cblr-2946	498	22	remain	remain	VERB
cblr-2946	498	23	relatively	relatively	ADV
cblr-2946	498	24	accurate	accurate	ADJ
cblr-2946	498	25	raters	rater	NOUN
cblr-2946	498	26	of	of	ADP
cblr-2946	498	27	corporate	corporate	ADJ
cblr-2946	498	28	debt	debt	NOUN
cblr-2946	498	29	.	.	PUNCT
cblr-2946	498	30	"	"	PUNCT
cblr-2946	498	31	)	)	PUNCT
cblr-2946	498	32	;	;	PUNCT
cblr-2946	498	33	hill	hill	NOUN
cblr-2946	498	34	,	,	PUNCT
cblr-2946	498	35	supra	supra	PROPN
cblr-2946	498	36	c.	c.	PROPN
cblr-2946	498	37	structured	structure	VERB
cblr-2946	498	38	finance	finance	NOUN
cblr-2946	498	39	ratings	rating	NOUN
cblr-2946	498	40	are	be	AUX
cblr-2946	498	41	more	more	ADV
cblr-2946	498	42	likely	likely	ADV
cblr-2946	498	43	compromised	compromise	VERB
cblr-2946	498	44	by	by	ADP
cblr-2946	498	45	the	the	DET
cblr-2946	498	46	"	"	PUNCT
cblr-2946	498	47	issuer	issuer	NOUN
cblr-2946	498	48	pays	pay	VERB
cblr-2946	498	49	"	"	PUNCT
cblr-2946	498	50	conflict	conflict	NOUN
cblr-2946	498	51	while	while	SCONJ
cblr-2946	498	52	cra	cra	PROPN
cblr-2946	498	53	ratings	rating	NOUN
cblr-2946	498	54	on	on	ADP
cblr-2946	498	55	corporate	corporate	ADJ
cblr-2946	498	56	securities	security	NOUN
cblr-2946	498	57	may	may	AUX
cblr-2946	498	58	be	be	AUX
cblr-2946	498	59	reliable	reliable	ADJ
cblr-2946	498	60	,	,	PUNCT
cblr-2946	498	61	part	part	NOUN
cblr-2946	498	62	ii.b	ii.b	NOUN
cblr-2946	498	63	provides	provide	VERB
cblr-2946	498	64	data	datum	NOUN
cblr-2946	498	65	illustrating	illustrate	VERB
cblr-2946	498	66	that	that	SCONJ
cblr-2946	498	67	the	the	DET
cblr-2946	498	68	rate	rate	NOUN
cblr-2946	498	69	of	of	ADP
cblr-2946	498	70	downgrades	downgrade	NOUN
cblr-2946	498	71	on	on	ADP
cblr-2946	498	72	structured	structured	ADJ
cblr-2946	498	73	finance	finance	NOUN
cblr-2946	498	74	products	product	NOUN
cblr-2946	498	75	increased	increase	VERB
cblr-2946	498	76	in	in	ADP
cblr-2946	498	77	2007	2007	NUM
cblr-2946	498	78	relative	relative	ADJ
cblr-2946	498	79	to	to	ADP
cblr-2946	498	80	both	both	DET
cblr-2946	498	81	historic	historic	ADJ
cblr-2946	498	82	levels	level	NOUN
cblr-2946	498	83	and	and	CCONJ
cblr-2946	498	84	the	the	DET
cblr-2946	498	85	relative	relative	ADJ
cblr-2946	498	86	rate	rate	NOUN
cblr-2946	498	87	of	of	ADP
cblr-2946	498	88	downgrades	downgrade	NOUN
cblr-2946	498	89	on	on	ADP
cblr-2946	498	90	corporate	corporate	ADJ
cblr-2946	498	91	securities	security	NOUN
cblr-2946	498	92	.	.	PUNCT
cblr-2946	499	1	13	13	NUM
cblr-2946	499	2	1	1	NUM
cblr-2946	499	3	if	if	SCONJ
cblr-2946	499	4	a	a	DET
cblr-2946	499	5	rating	rating	NOUN
cblr-2946	499	6	on	on	ADP
cblr-2946	499	7	a	a	DET
cblr-2946	499	8	structured	structured	ADJ
cblr-2946	499	9	finance	finance	NOUN
cblr-2946	499	10	product	product	NOUN
cblr-2946	499	11	is	be	AUX
cblr-2946	499	12	supposed	suppose	VERB
cblr-2946	499	13	to	to	PART
cblr-2946	499	14	mean	mean	VERB
cblr-2946	499	15	roughly	roughly	ADV
cblr-2946	499	16	the	the	DET
cblr-2946	499	17	same	same	ADJ
cblr-2946	499	18	thing	thing	NOUN
cblr-2946	499	19	as	as	ADP
cblr-2946	499	20	a	a	DET
cblr-2946	499	21	rating	rating	NOUN
cblr-2946	499	22	on	on	ADP
cblr-2946	499	23	a	a	DET
cblr-2946	499	24	corporate	corporate	ADJ
cblr-2946	499	25	bond	bond	NOUN
cblr-2946	499	26	,	,	PUNCT
cblr-2946	499	27	what	what	PRON
cblr-2946	499	28	explains	explain	VERB
cblr-2946	499	29	the	the	DET
cblr-2946	499	30	disparity	disparity	NOUN
cblr-2946	499	31	in	in	ADP
cblr-2946	499	32	rating	rating	NOUN
cblr-2946	499	33	performance	performance	NOUN
cblr-2946	499	34	?	?	PUNCT
cblr-2946	500	1	39	39	NUM
cblr-2946	500	2	one	one	NUM
cblr-2946	500	3	answer	answer	NOUN
cblr-2946	500	4	is	be	AUX
cblr-2946	500	5	that	that	SCONJ
cblr-2946	500	6	rating	rating	NOUN
cblr-2946	500	7	structured	structured	ADJ
cblr-2946	500	8	finance	finance	NOUN
cblr-2946	500	9	products	product	NOUN
cblr-2946	500	10	is	be	AUX
cblr-2946	500	11	harder	hard	ADJ
cblr-2946	500	12	than	than	ADP
cblr-2946	500	13	rating	rate	VERB
cblr-2946	500	14	traditional	traditional	ADJ
cblr-2946	500	15	products	product	NOUN
cblr-2946	500	16	,	,	PUNCT
cblr-2946	500	17	but	but	CCONJ
cblr-2946	500	18	this	this	DET
cblr-2946	500	19	explanation	explanation	NOUN
cblr-2946	500	20	seems	seem	VERB
cblr-2946	500	21	unsatisfactory	unsatisfactory	ADJ
cblr-2946	500	22	to	to	PART
cblr-2946	500	23	elucidate	elucidate	VERB
cblr-2946	500	24	the	the	DET
cblr-2946	500	25	difference	difference	NOUN
cblr-2946	500	26	in	in	ADP
cblr-2946	500	27	rating	rating	NOUN
cblr-2946	500	28	performance	performance	NOUN
cblr-2946	500	29	between	between	ADP
cblr-2946	500	30	these	these	DET
cblr-2946	500	31	asset	asset	NOUN
cblr-2946	500	32	classes	class	NOUN
cblr-2946	500	33	,	,	PUNCT
cblr-2946	500	34	notwithstanding	notwithstanding	SCONJ
cblr-2946	500	35	the	the	DET
cblr-2946	500	36	greater	great	ADJ
cblr-2946	500	37	complexity	complexity	NOUN
cblr-2946	500	38	of	of	ADP
cblr-2946	500	39	the	the	DET
cblr-2946	500	40	securities.4	securities.4	PROPN
cblr-2946	500	41	°	°	PROPN
cblr-2946	500	42	commentators	commentator	NOUN
cblr-2946	500	43	have	have	AUX
cblr-2946	500	44	pointed	point	VERB
cblr-2946	500	45	to	to	ADP
cblr-2946	500	46	a	a	DET
cblr-2946	500	47	number	number	NOUN
cblr-2946	500	48	of	of	ADP
cblr-2946	500	49	more	more	ADV
cblr-2946	500	50	meaningful	meaningful	ADJ
cblr-2946	500	51	factors	factor	NOUN
cblr-2946	500	52	to	to	PART
cblr-2946	500	53	help	help	VERB
cblr-2946	500	54	explain	explain	VERB
cblr-2946	500	55	the	the	DET
cblr-2946	500	56	downturn	downturn	NOUN
cblr-2946	500	57	in	in	ADP
cblr-2946	500	58	performance	performance	NOUN
cblr-2946	500	59	.	.	PUNCT
cblr-2946	501	1	they	they	PRON
cblr-2946	501	2	have	have	AUX
cblr-2946	501	3	complained	complain	VERB
cblr-2946	501	4	that	that	SCONJ
cblr-2946	501	5	models	model	NOUN
cblr-2946	501	6	used	use	VERB
cblr-2946	501	7	by	by	ADP
cblr-2946	501	8	the	the	DET
cblr-2946	501	9	rating	rating	NOUN
cblr-2946	501	10	agencies	agency	NOUN
cblr-2946	501	11	to	to	PART
cblr-2946	501	12	rate	rate	VERB
cblr-2946	501	13	these	these	DET
cblr-2946	501	14	products	product	NOUN
cblr-2946	501	15	contained	contain	VERB
cblr-2946	501	16	fundamental	fundamental	ADJ
cblr-2946	501	17	defects	defect	NOUN
cblr-2946	501	18	.	.	PUNCT
cblr-2946	502	1	141	141	NUM
cblr-2946	502	2	for	for	ADP
cblr-2946	502	3	example	example	NOUN
cblr-2946	502	4	,	,	PUNCT
cblr-2946	502	5	to	to	ADP
cblr-2946	502	6	the	the	DET
cblr-2946	502	7	extent	extent	NOUN
cblr-2946	502	8	that	that	SCONJ
cblr-2946	502	9	quantitative	quantitative	ADJ
cblr-2946	502	10	models	model	NOUN
cblr-2946	502	11	rely	rely	VERB
cblr-2946	502	12	on	on	ADP
cblr-2946	502	13	historical	historical	ADJ
cblr-2946	502	14	data	datum	NOUN
cblr-2946	502	15	to	to	PART
cblr-2946	502	16	estimate	estimate	VERB
cblr-2946	502	17	default	default	NOUN
cblr-2946	502	18	risk	risk	NOUN
cblr-2946	502	19	,	,	PUNCT
cblr-2946	502	20	subprime	subprime	ADJ
cblr-2946	502	21	mortgage	mortgage	NOUN
cblr-2946	502	22	loans	loan	NOUN
cblr-2946	502	23	performed	perform	VERB
cblr-2946	502	24	strongly	strongly	ADV
cblr-2946	502	25	between	between	ADP
cblr-2946	502	26	2001	2001	NUM
cblr-2946	502	27	and	and	CCONJ
cblr-2946	502	28	2005	2005	NUM
cblr-2946	502	29	.	.	PUNCT
cblr-2946	503	1	this	this	PRON
cblr-2946	503	2	may	may	AUX
cblr-2946	503	3	have	have	AUX
cblr-2946	503	4	contributed	contribute	VERB
cblr-2946	503	5	to	to	ADP
cblr-2946	503	6	overly	overly	ADV
cblr-2946	503	7	optimistic	optimistic	ADJ
cblr-2946	503	8	ratings	rating	NOUN
cblr-2946	503	9	on	on	ADP
cblr-2946	503	10	later	later	ADJ
cblr-2946	503	11	vintage	vintage	ADJ
cblr-2946	503	12	rmbs	rmb	NOUN
cblr-2946	503	13	.	.	PUNCT
cblr-2946	504	1	142	142	NUM
cblr-2946	504	2	more	more	ADV
cblr-2946	504	3	generally	generally	ADV
cblr-2946	504	4	,	,	PUNCT
cblr-2946	504	5	the	the	DET
cblr-2946	504	6	market	market	NOUN
cblr-2946	504	7	may	may	AUX
cblr-2946	504	8	have	have	AUX
cblr-2946	504	9	had	have	AUX
cblr-2946	504	10	note	note	VERB
cblr-2946	504	11	7	7	NUM
cblr-2946	504	12	,	,	PUNCT
cblr-2946	504	13	at	at	ADP
cblr-2946	504	14	67	67	NUM
cblr-2946	504	15	(	(	PUNCT
cblr-2946	504	16	"	"	PUNCT
cblr-2946	504	17	rating	rating	NOUN
cblr-2946	504	18	agencies	agency	NOUN
cblr-2946	504	19	do	do	VERB
cblr-2946	504	20	particularly	particularly	ADV
cblr-2946	504	21	well	well	ADV
cblr-2946	504	22	when	when	SCONJ
cblr-2946	504	23	it	it	PRON
cblr-2946	504	24	comes	come	VERB
cblr-2946	504	25	to	to	ADP
cblr-2946	504	26	initial	initial	ADJ
cblr-2946	504	27	ratings	rating	NOUN
cblr-2946	504	28	.	.	PUNCT
cblr-2946	504	29	"	"	PUNCT
cblr-2946	504	30	)	)	PUNCT
cblr-2946	504	31	;	;	PUNCT
cblr-2946	504	32	hill	hill	NOUN
cblr-2946	504	33	,	,	PUNCT
cblr-2946	504	34	supra	supra	PROPN
cblr-2946	504	35	note	note	PROPN
cblr-2946	504	36	132	132	NUM
cblr-2946	504	37	,	,	PUNCT
cblr-2946	504	38	at	at	ADP
cblr-2946	504	39	1151	1151	NUM
cblr-2946	504	40	(	(	PUNCT
cblr-2946	504	41	"	"	PUNCT
cblr-2946	504	42	[	[	X
cblr-2946	504	43	tlhere	tlhere	PRON
cblr-2946	504	44	is	be	AUX
cblr-2946	504	45	evidence	evidence	NOUN
cblr-2946	504	46	that	that	SCONJ
cblr-2946	504	47	whether	whether	SCONJ
cblr-2946	504	48	or	or	CCONJ
cblr-2946	504	49	not	not	PART
cblr-2946	504	50	the	the	DET
cblr-2946	504	51	agencies	agency	NOUN
cblr-2946	504	52	generally	generally	ADV
cblr-2946	504	53	know	know	VERB
cblr-2946	504	54	how	how	SCONJ
cblr-2946	504	55	good	good	ADJ
cblr-2946	504	56	a	a	DET
cblr-2946	504	57	debt	debt	NOUN
cblr-2946	504	58	security	security	NOUN
cblr-2946	504	59	is	be	AUX
cblr-2946	504	60	,	,	PUNCT
cblr-2946	504	61	they	they	PRON
cblr-2946	504	62	know	know	VERB
cblr-2946	504	63	how	how	SCONJ
cblr-2946	504	64	good	good	ADJ
cblr-2946	504	65	it	it	PRON
cblr-2946	504	66	is	be	AUX
cblr-2946	504	67	relative	relative	ADJ
cblr-2946	504	68	to	to	ADP
cblr-2946	504	69	other	other	ADJ
cblr-2946	504	70	securities	security	NOUN
cblr-2946	504	71	.	.	PUNCT
cblr-2946	504	72	.	.	PUNCT
cblr-2946	504	73	.	.	PUNCT
cblr-2946	505	1	"	"	PUNCT
cblr-2946	505	2	'	'	PUNCT
cblr-2946	505	3	see	see	VERB
cblr-2946	505	4	supra	supra	PROPN
cblr-2946	505	5	part	part	NOUN
cblr-2946	505	6	ii.b.4	ii.b.4	PROPN
cblr-2946	505	7	.	.	PUNCT
cblr-2946	506	1	139	139	NUM
cblr-2946	506	2	see	see	VERB
cblr-2946	506	3	supra	supra	PROPN
cblr-2946	506	4	part	part	PROPN
cblr-2946	506	5	ii.a	ii.a	PROPN
cblr-2946	506	6	.	.	PROPN
cblr-2946	507	1	140	140	NUM
cblr-2946	507	2	coffee	coffee	NOUN
cblr-2946	507	3	,	,	PUNCT
cblr-2946	507	4	supra	supra	PROPN
cblr-2946	507	5	note	note	NOUN
cblr-2946	507	6	57	57	NUM
cblr-2946	507	7	(	(	PUNCT
cblr-2946	507	8	noting	note	VERB
cblr-2946	507	9	that	that	SCONJ
cblr-2946	507	10	rating	rating	NOUN
cblr-2946	507	11	structured	structured	ADJ
cblr-2946	507	12	finance	finance	NOUN
cblr-2946	507	13	products	product	NOUN
cblr-2946	507	14	is	be	AUX
cblr-2946	507	15	much	much	ADV
cblr-2946	507	16	more	more	ADV
cblr-2946	507	17	difficult	difficult	ADJ
cblr-2946	507	18	than	than	ADP
cblr-2946	507	19	rating	rate	VERB
cblr-2946	507	20	bonds	bond	NOUN
cblr-2946	507	21	of	of	ADP
cblr-2946	507	22	public	public	ADJ
cblr-2946	507	23	companies	company	NOUN
cblr-2946	507	24	)	)	PUNCT
cblr-2946	507	25	;	;	PUNCT
cblr-2946	507	26	sec	sec	PROPN
cblr-2946	507	27	july	july	PROPN
cblr-2946	507	28	2008	2008	NUM
cblr-2946	507	29	report	report	NOUN
cblr-2946	507	30	,	,	PUNCT
cblr-2946	507	31	supra	supra	PROPN
cblr-2946	507	32	note	note	NOUN
cblr-2946	507	33	47	47	NUM
cblr-2946	507	34	,	,	PUNCT
cblr-2946	507	35	at	at	ADP
cblr-2946	507	36	11	11	NUM
cblr-2946	507	37	(	(	PUNCT
cblr-2946	507	38	noting	note	VERB
cblr-2946	507	39	that	that	SCONJ
cblr-2946	507	40	the	the	DET
cblr-2946	507	41	structured	structured	ADJ
cblr-2946	507	42	products	product	NOUN
cblr-2946	507	43	themselves	themselves	PRON
cblr-2946	507	44	became	become	VERB
cblr-2946	507	45	increasingly	increasingly	ADV
cblr-2946	507	46	complex	complex	ADJ
cblr-2946	507	47	over	over	ADP
cblr-2946	507	48	time	time	NOUN
cblr-2946	507	49	)	)	PUNCT
cblr-2946	507	50	.	.	PUNCT
cblr-2946	508	1	141	141	NUM
cblr-2946	508	2	see	see	NOUN
cblr-2946	508	3	hunt	hunt	NOUN
cblr-2946	508	4	,	,	PUNCT
cblr-2946	508	5	supra	supra	PROPN
cblr-2946	508	6	note	note	NOUN
cblr-2946	508	7	3	3	NUM
cblr-2946	508	8	,	,	PUNCT
cblr-2946	508	9	at	at	ADP
cblr-2946	508	10	123	123	NUM
cblr-2946	508	11	(	(	PUNCT
cblr-2946	508	12	stating	state	VERB
cblr-2946	508	13	that	that	SCONJ
cblr-2946	508	14	observers	observer	NOUN
cblr-2946	508	15	have	have	AUX
cblr-2946	508	16	criticized	criticize	VERB
cblr-2946	508	17	cras	cras	PROPN
cblr-2946	508	18	for	for	ADP
cblr-2946	508	19	fundamental	fundamental	ADJ
cblr-2946	508	20	defects	defect	NOUN
cblr-2946	508	21	in	in	ADP
cblr-2946	508	22	their	their	PRON
cblr-2946	508	23	methodologies	methodology	NOUN
cblr-2946	508	24	for	for	ADP
cblr-2946	508	25	rating	rate	VERB
cblr-2946	508	26	structured	structure	VERB
cblr-2946	508	27	finance	finance	NOUN
cblr-2946	508	28	products	product	NOUN
cblr-2946	508	29	backed	back	VERB
cblr-2946	508	30	by	by	ADP
cblr-2946	508	31	subprime	subprime	ADJ
cblr-2946	508	32	mortgages	mortgage	NOUN
cblr-2946	508	33	)	)	PUNCT
cblr-2946	508	34	.	.	PUNCT
cblr-2946	509	1	142	142	NUM
cblr-2946	509	2	bethel	bethel	PROPN
cblr-2946	509	3	et	et	PROPN
cblr-2946	509	4	al	al	PROPN
cblr-2946	509	5	.	.	PROPN
cblr-2946	509	6	,	,	PUNCT
cblr-2946	509	7	supra	supra	PROPN
cblr-2946	509	8	note	note	NOUN
cblr-2946	509	9	2	2	NUM
cblr-2946	509	10	,	,	PUNCT
cblr-2946	509	11	at	at	ADP
cblr-2946	509	12	25	25	NUM
cblr-2946	509	13	.	.	PUNCT
cblr-2946	510	1	see	see	VERB
cblr-2946	510	2	generally	generally	ADV
cblr-2946	510	3	i	i	PRON
cblr-2946	510	4	d.	d.	PROPN
cblr-2946	510	5	,	,	PUNCT
cblr-2946	510	6	at	at	ADP
cblr-2946	510	7	23	23	NUM
cblr-2946	510	8	-	-	SYM
cblr-2946	510	9	33	33	NUM
cblr-2946	510	10	(	(	PUNCT
cblr-2946	510	11	discussing	discuss	VERB
cblr-2946	510	12	"	"	PUNCT
cblr-2946	510	13	what	what	PRON
cblr-2946	510	14	went	go	VERB
cblr-2946	510	15	wrong	wrong	ADJ
cblr-2946	510	16	"	"	PUNCT
cblr-2946	510	17	in	in	ADP
cblr-2946	510	18	the	the	DET
cblr-2946	510	19	credit	credit	NOUN
cblr-2946	510	20	crisis	crisis	NOUN
cblr-2946	510	21	)	)	PUNCT
cblr-2946	510	22	.	.	PUNCT
cblr-2946	511	1	col	col	PROPN
cblr-2946	511	2	umbia	umbia	PROPN
cblr-2946	511	3	b	b	PROPN
cblr-2946	511	4	usiness	usiness	PROPN
cblr-2946	511	5	la	la	PROPN
cblr-2946	511	6	w	w	PROPN
cblr-2946	511	7	re	re	PROPN
cblr-2946	511	8	vie	vie	PROPN
cblr-2946	511	9	w	w	PROPN
cblr-2946	512	1	[	[	X
cblr-2946	512	2	vol	vol	NOUN
cblr-2946	512	3	.	.	PUNCT
cblr-2946	512	4	2009	2009	NUM
cblr-2946	512	5	no	no	NOUN
cblr-2946	512	6	.	.	PUNCT
cblr-2946	513	1	2:605	2:605	NUM
cblr-2946	513	2	]	]	X
cblr-2946	513	3	credit	credit	NOUN
cblr-2946	513	4	rating	rating	NOUN
cblr-2946	513	5	agencies	agency	NOUN
cblr-2946	513	6	and	and	CCONJ
cblr-2946	513	7	the	the	DET
cblr-2946	513	8	credit	credit	NOUN
cblr-2946	513	9	crisis	crisis	NOUN
cblr-2946	513	10	637	637	NUM
cblr-2946	513	11	inadequate	inadequate	ADJ
cblr-2946	513	12	experience	experience	NOUN
cblr-2946	513	13	understanding	understand	VERB
cblr-2946	513	14	the	the	DET
cblr-2946	513	15	credit	credit	NOUN
cblr-2946	513	16	risks	risk	NOUN
cblr-2946	513	17	associated	associate	VERB
cblr-2946	513	18	with	with	ADP
cblr-2946	513	19	new	new	ADJ
cblr-2946	513	20	types	type	NOUN
cblr-2946	513	21	of	of	ADP
cblr-2946	513	22	subprime	subprime	ADJ
cblr-2946	513	23	loans	loan	NOUN
cblr-2946	513	24	,	,	PUNCT
cblr-2946	513	25	such	such	ADJ
cblr-2946	513	26	as	as	ADP
cblr-2946	513	27	hybrid	hybrid	ADJ
cblr-2946	513	28	arms	arm	NOUN
cblr-2946	513	29	.	.	PUNCT
cblr-2946	514	1	143	143	NUM
cblr-2946	514	2	some	some	DET
cblr-2946	514	3	commentators	commentator	NOUN
cblr-2946	514	4	have	have	AUX
cblr-2946	514	5	also	also	ADV
cblr-2946	514	6	noted	note	VERB
cblr-2946	514	7	the	the	DET
cblr-2946	514	8	prevalence	prevalence	NOUN
cblr-2946	514	9	of	of	ADP
cblr-2946	514	10	herding	herding	NOUN
cblr-2946	514	11	behavior	behavior	NOUN
cblr-2946	514	12	among	among	ADP
cblr-2946	514	13	cdo	cdo	ADJ
cblr-2946	514	14	structurers	structurer	NOUN
cblr-2946	514	15	eager	eager	ADJ
cblr-2946	514	16	to	to	PART
cblr-2946	514	17	achieve	achieve	VERB
cblr-2946	514	18	investment	investment	NOUN
cblr-2946	514	19	grade	grade	NOUN
cblr-2946	514	20	ratings	rating	NOUN
cblr-2946	514	21	.	.	PUNCT
cblr-2946	515	1	144	144	NUM
cblr-2946	516	1	once	once	ADV
cblr-2946	516	2	a	a	DET
cblr-2946	516	3	structure	structure	NOUN
cblr-2946	516	4	obtained	obtain	VERB
cblr-2946	516	5	a	a	DET
cblr-2946	516	6	desired	desire	VERB
cblr-2946	516	7	rating	rating	NOUN
cblr-2946	516	8	from	from	ADP
cblr-2946	516	9	an	an	DET
cblr-2946	516	10	agency	agency	NOUN
cblr-2946	516	11	,	,	PUNCT
cblr-2946	516	12	other	other	ADJ
cblr-2946	516	13	issues	issue	NOUN
cblr-2946	516	14	copied	copy	VERB
cblr-2946	516	15	that	that	DET
cblr-2946	516	16	structure	structure	NOUN
cblr-2946	516	17	.	.	PUNCT
cblr-2946	517	1	'45	'45	NUM
cblr-2946	517	2	if	if	SCONJ
cblr-2946	517	3	the	the	DET
cblr-2946	517	4	rating	rating	NOUN
cblr-2946	517	5	agency	agency	NOUN
cblr-2946	517	6	failed	fail	VERB
cblr-2946	517	7	to	to	PART
cblr-2946	517	8	capture	capture	VERB
cblr-2946	517	9	a	a	DET
cblr-2946	517	10	risk	risk	NOUN
cblr-2946	517	11	inherent	inherent	ADJ
cblr-2946	517	12	in	in	ADP
cblr-2946	517	13	the	the	DET
cblr-2946	517	14	cdo	cdo	ADJ
cblr-2946	517	15	structure	structure	NOUN
cblr-2946	517	16	,	,	PUNCT
cblr-2946	517	17	that	that	DET
cblr-2946	517	18	risk	risk	NOUN
cblr-2946	517	19	would	would	AUX
cblr-2946	517	20	be	be	AUX
cblr-2946	517	21	inadequately	inadequately	ADV
cblr-2946	517	22	captured	capture	VERB
cblr-2946	517	23	in	in	ADP
cblr-2946	517	24	the	the	DET
cblr-2946	517	25	rating	rating	NOUN
cblr-2946	517	26	of	of	ADP
cblr-2946	517	27	several	several	ADJ
cblr-2946	517	28	cdos	cdo	NOUN
cblr-2946	517	29	.	.	PUNCT
cblr-2946	518	1	1'46	1'46	NUM
cblr-2946	518	2	from	from	ADP
cblr-2946	518	3	a	a	DET
cblr-2946	518	4	different	different	ADJ
cblr-2946	518	5	perspective	perspective	NOUN
cblr-2946	518	6	,	,	PUNCT
cblr-2946	518	7	government	government	NOUN
cblr-2946	518	8	officials	official	NOUN
cblr-2946	518	9	are	be	AUX
cblr-2946	518	10	inquiring	inquire	VERB
cblr-2946	518	11	whether	whether	SCONJ
cblr-2946	518	12	sponsors	sponsor	NOUN
cblr-2946	518	13	of	of	ADP
cblr-2946	518	14	mbs	mb	NOUN
cblr-2946	518	15	and	and	CCONJ
cblr-2946	518	16	cdos	cdo	NOUN
cblr-2946	518	17	did	do	AUX
cblr-2946	518	18	not	not	PART
cblr-2946	518	19	disclose	disclose	VERB
cblr-2946	518	20	information	information	NOUN
cblr-2946	518	21	about	about	ADP
cblr-2946	518	22	high	high	ADJ
cblr-2946	518	23	risk	risk	NOUN
cblr-2946	518	24	loans	loan	NOUN
cblr-2946	518	25	to	to	ADP
cblr-2946	518	26	cras	cras	PROPN
cblr-2946	518	27	.	.	PUNCT
cblr-2946	519	1	147	147	NUM
cblr-2946	519	2	in	in	ADP
cblr-2946	519	3	addition	addition	NOUN
cblr-2946	519	4	to	to	ADP
cblr-2946	519	5	these	these	DET
cblr-2946	519	6	explanations	explanation	NOUN
cblr-2946	519	7	,	,	PUNCT
cblr-2946	519	8	cras	cras	PROPN
cblr-2946	519	9	have	have	AUX
cblr-2946	519	10	come	come	VERB
cblr-2946	519	11	under	under	ADP
cblr-2946	519	12	fire	fire	NOUN
cblr-2946	519	13	for	for	ADP
cblr-2946	519	14	allowing	allow	VERB
cblr-2946	519	15	the	the	DET
cblr-2946	519	16	issuer	issuer	NOUN
cblr-2946	519	17	pays	pay	VERB
cblr-2946	519	18	conflict	conflict	NOUN
cblr-2946	519	19	to	to	PART
cblr-2946	519	20	improperly	improperly	ADV
cblr-2946	519	21	influence	influence	VERB
cblr-2946	519	22	structured	structure	VERB
cblr-2946	519	23	finance	finance	NOUN
cblr-2946	519	24	ratings	rating	NOUN
cblr-2946	519	25	.	.	PUNCT
cblr-2946	519	26	'	'	PUNCT
cblr-2946	520	1	this	this	DET
cblr-2946	520	2	section	section	NOUN
cblr-2946	520	3	explores	explore	VERB
cblr-2946	520	4	143	143	NUM
cblr-2946	520	5	i	i	PRON
cblr-2946	520	6	d.	d.	PROPN
cblr-2946	520	7	at	at	ADP
cblr-2946	520	8	23	23	NUM
cblr-2946	520	9	-	-	SYM
cblr-2946	520	10	24	24	NUM
cblr-2946	520	11	(	(	PUNCT
cblr-2946	520	12	"	"	PUNCT
cblr-2946	520	13	in	in	ADP
cblr-2946	520	14	part	part	NOUN
cblr-2946	520	15	the	the	DET
cblr-2946	520	16	answer	answer	NOUN
cblr-2946	520	17	will	will	AUX
cblr-2946	520	18	likely	likely	ADV
cblr-2946	520	19	involve	involve	VERB
cblr-2946	520	20	the	the	DET
cblr-2946	520	21	experience	experience	NOUN
cblr-2946	520	22	or	or	CCONJ
cblr-2946	520	23	lack	lack	NOUN
cblr-2946	520	24	thereof	thereof	ADV
cblr-2946	520	25	of	of	ADP
cblr-2946	520	26	market	market	NOUN
cblr-2946	520	27	participants	participant	NOUN
cblr-2946	520	28	with	with	ADP
cblr-2946	520	29	this	this	DET
cblr-2946	520	30	particular	particular	ADJ
cblr-2946	520	31	asset	asset	NOUN
cblr-2946	520	32	class	class	NOUN
cblr-2946	520	33	....	....	PUNCT
cblr-2946	521	1	the	the	DET
cblr-2946	521	2	credit	credit	NOUN
cblr-2946	521	3	risks	risk	NOUN
cblr-2946	521	4	of	of	ADP
cblr-2946	521	5	the	the	DET
cblr-2946	521	6	pools	pool	NOUN
cblr-2946	521	7	of	of	ADP
cblr-2946	521	8	mortgages	mortgage	NOUN
cblr-2946	521	9	that	that	PRON
cblr-2946	521	10	included	include	VERB
cblr-2946	521	11	subprime	subprime	ADJ
cblr-2946	521	12	loans	loan	NOUN
cblr-2946	521	13	,	,	PUNCT
cblr-2946	521	14	especially	especially	ADV
cblr-2946	521	15	hybrid	hybrid	ADJ
cblr-2946	521	16	arms	arm	NOUN
cblr-2946	521	17	,	,	PUNCT
cblr-2946	521	18	were	be	AUX
cblr-2946	521	19	different	different	ADJ
cblr-2946	521	20	than	than	ADP
cblr-2946	521	21	the	the	DET
cblr-2946	521	22	credit	credit	NOUN
cblr-2946	521	23	risks	risk	NOUN
cblr-2946	521	24	of	of	ADP
cblr-2946	521	25	mortgage	mortgage	NOUN
cblr-2946	521	26	pools	pool	NOUN
cblr-2946	521	27	previously	previously	ADV
cblr-2946	521	28	securitized	securitize	VERB
cblr-2946	521	29	.	.	PUNCT
cblr-2946	521	30	"	"	PUNCT
cblr-2946	521	31	)	)	PUNCT
cblr-2946	521	32	.	.	PUNCT
cblr-2946	522	1	14	14	NUM
cblr-2946	522	2	see	see	VERB
cblr-2946	522	3	i	i	PRON
cblr-2946	522	4	d.	d.	PROPN
cblr-2946	522	5	at	at	ADP
cblr-2946	522	6	27	27	NUM
cblr-2946	522	7	-	-	SYM
cblr-2946	522	8	28	28	NUM
cblr-2946	522	9	(	(	PUNCT
cblr-2946	522	10	explaining	explain	VERB
cblr-2946	522	11	that	that	SCONJ
cblr-2946	522	12	the	the	DET
cblr-2946	522	13	practice	practice	NOUN
cblr-2946	522	14	of	of	ADP
cblr-2946	522	15	copying	copy	VERB
cblr-2946	522	16	a	a	DET
cblr-2946	522	17	novel	novel	ADJ
cblr-2946	522	18	cdo	cdo	NOUN
cblr-2946	522	19	structure	structure	NOUN
cblr-2946	522	20	that	that	PRON
cblr-2946	522	21	has	have	AUX
cblr-2946	522	22	obtained	obtain	VERB
cblr-2946	522	23	an	an	DET
cblr-2946	522	24	investment	investment	NOUN
cblr-2946	522	25	grade	grade	NOUN
cblr-2946	522	26	rating	rating	NOUN
cblr-2946	522	27	can	can	AUX
cblr-2946	522	28	result	result	VERB
cblr-2946	522	29	in	in	ADP
cblr-2946	522	30	subsequently	subsequently	ADV
cblr-2946	522	31	correlated	correlate	VERB
cblr-2946	522	32	downgrades	downgrade	NOUN
cblr-2946	522	33	if	if	SCONJ
cblr-2946	522	34	a	a	DET
cblr-2946	522	35	rating	rating	NOUN
cblr-2946	522	36	agency	agency	NOUN
cblr-2946	522	37	did	do	AUX
cblr-2946	522	38	not	not	PART
cblr-2946	522	39	receive	receive	VERB
cblr-2946	522	40	full	full	ADJ
cblr-2946	522	41	disclosure	disclosure	NOUN
cblr-2946	522	42	regarding	regard	VERB
cblr-2946	522	43	risk	risk	NOUN
cblr-2946	522	44	inherent	inherent	ADJ
cblr-2946	522	45	in	in	ADP
cblr-2946	522	46	the	the	DET
cblr-2946	522	47	structure	structure	NOUN
cblr-2946	522	48	or	or	CCONJ
cblr-2946	522	49	if	if	SCONJ
cblr-2946	522	50	the	the	DET
cblr-2946	522	51	agency	agency	NOUN
cblr-2946	522	52	failed	fail	VERB
cblr-2946	522	53	to	to	PART
cblr-2946	522	54	fully	fully	ADV
cblr-2946	522	55	appreciate	appreciate	VERB
cblr-2946	522	56	the	the	DET
cblr-2946	522	57	risk	risk	NOUN
cblr-2946	522	58	)	)	PUNCT
cblr-2946	522	59	.	.	PUNCT
cblr-2946	523	1	141	141	NUM
cblr-2946	523	2	i	i	PRON
cblr-2946	523	3	d.	d.	PROPN
cblr-2946	523	4	at	at	ADP
cblr-2946	523	5	27	27	NUM
cblr-2946	523	6	(	(	PUNCT
cblr-2946	523	7	"	"	PUNCT
cblr-2946	523	8	once	once	ADV
cblr-2946	523	9	a	a	DET
cblr-2946	523	10	relatively	relatively	ADV
cblr-2946	523	11	novel	novel	ADJ
cblr-2946	523	12	cdo	cdo	NOUN
cblr-2946	523	13	's	's	PART
cblr-2946	523	14	senior	senior	ADJ
cblr-2946	523	15	tranche	tranche	NOUN
cblr-2946	523	16	is	be	AUX
cblr-2946	523	17	structured	structure	VERB
cblr-2946	523	18	to	to	PART
cblr-2946	523	19	receive	receive	VERB
cblr-2946	523	20	an	an	DET
cblr-2946	523	21	investment	investment	NOUN
cblr-2946	523	22	-	-	PUNCT
cblr-2946	523	23	grade	grade	NOUN
cblr-2946	523	24	rating	rating	NOUN
cblr-2946	523	25	,	,	PUNCT
cblr-2946	523	26	other	other	ADJ
cblr-2946	523	27	cdos	cdo	NOUN
cblr-2946	523	28	tend	tend	VERB
cblr-2946	523	29	to	to	PART
cblr-2946	523	30	mimic	mimic	VERB
cblr-2946	523	31	that	that	DET
cblr-2946	523	32	structure	structure	NOUN
cblr-2946	523	33	.	.	PUNCT
cblr-2946	523	34	"	"	PUNCT
cblr-2946	524	1	(	(	PUNCT
cblr-2946	524	2	citing	cite	VERB
cblr-2946	524	3	peter	peter	PROPN
cblr-2946	524	4	tufano	tufano	PROPN
cblr-2946	524	5	,	,	PUNCT
cblr-2946	524	6	financial	financial	ADJ
cblr-2946	524	7	innovation	innovation	NOUN
cblr-2946	524	8	and	and	CCONJ
cblr-2946	524	9	first	first	ADJ
cblr-2946	524	10	mover	mover	NOUN
cblr-2946	524	11	advantages	advantage	NOUN
cblr-2946	524	12	,	,	PUNCT
cblr-2946	524	13	25	25	NUM
cblr-2946	524	14	j.	j.	PROPN
cblr-2946	524	15	fin	fin	PROPN
cblr-2946	524	16	.	.	PUNCT
cblr-2946	524	17	econ	econ	PROPN
cblr-2946	524	18	.	.	PUNCT
cblr-2946	524	19	213	213	NUM
cblr-2946	524	20	,	,	PUNCT
cblr-2946	524	21	213	213	NUM
cblr-2946	524	22	-	-	SYM
cblr-2946	524	23	40	40	NUM
cblr-2946	524	24	(	(	PUNCT
cblr-2946	524	25	1989	1989	NUM
cblr-2946	524	26	)	)	PUNCT
cblr-2946	524	27	)	)	PUNCT
cblr-2946	524	28	)	)	PUNCT
cblr-2946	524	29	.	.	PUNCT
cblr-2946	525	1	146	146	NUM
cblr-2946	526	1	i	i	PRON
cblr-2946	526	2	d.	d.	PROPN
cblr-2946	526	3	at	at	ADP
cblr-2946	526	4	27	27	NUM
cblr-2946	526	5	-	-	SYM
cblr-2946	526	6	28	28	NUM
cblr-2946	526	7	.	.	PUNCT
cblr-2946	527	1	147	147	NUM
cblr-2946	528	1	i	i	PRON
cblr-2946	528	2	d.	d.	PROPN
cblr-2946	528	3	at	at	ADP
cblr-2946	528	4	17	17	NUM
cblr-2946	528	5	-	-	SYM
cblr-2946	528	6	18	18	NUM
cblr-2946	528	7	.	.	PUNCT
cblr-2946	528	8	'	'	PUNCT
cblr-2946	528	9	"	"	PUNCT
cblr-2946	528	10	see	see	VERB
cblr-2946	528	11	,	,	PUNCT
cblr-2946	528	12	e.g.	e.g.	ADV
cblr-2946	528	13	,	,	PUNCT
cblr-2946	528	14	coffee	coffee	NOUN
cblr-2946	528	15	,	,	PUNCT
cblr-2946	528	16	supra	supra	PROPN
cblr-2946	528	17	note	note	NOUN
cblr-2946	528	18	2	2	NUM
cblr-2946	528	19	(	(	PUNCT
cblr-2946	528	20	"	"	PUNCT
cblr-2946	528	21	striking	strike	VERB
cblr-2946	528	22	new	new	ADJ
cblr-2946	528	23	evidence	evidence	NOUN
cblr-2946	528	24	supports	support	VERB
cblr-2946	528	25	...	...	PUNCT
cblr-2946	528	26	that	that	SCONJ
cblr-2946	528	27	structured	structure	VERB
cblr-2946	528	28	finance	finance	NOUN
cblr-2946	528	29	products	product	NOUN
cblr-2946	528	30	have	have	AUX
cblr-2946	528	31	been	be	AUX
cblr-2946	528	32	the	the	DET
cblr-2946	528	33	subject	subject	NOUN
cblr-2946	528	34	of	of	ADP
cblr-2946	528	35	rampant	rampant	ADJ
cblr-2946	528	36	'	'	PUNCT
cblr-2946	528	37	grade	grade	NOUN
cblr-2946	528	38	inflation	inflation	NOUN
cblr-2946	528	39	.	.	PUNCT
cblr-2946	529	1	"	"	PUNCT
cblr-2946	529	2	'	'	PUNCT
cblr-2946	529	3	)	)	PUNCT
cblr-2946	529	4	;	;	PUNCT
cblr-2946	529	5	arthur	arthur	PROPN
cblr-2946	529	6	levitt	levitt	PROPN
cblr-2946	529	7	,	,	PUNCT
cblr-2946	529	8	jr	jr	PROPN
cblr-2946	529	9	.	.	PROPN
cblr-2946	529	10	,	,	PUNCT
cblr-2946	529	11	conflicts	conflict	NOUN
cblr-2946	529	12	and	and	CCONJ
cblr-2946	529	13	the	the	DET
cblr-2946	529	14	credit	credit	NOUN
cblr-2946	529	15	crunch	crunch	NOUN
cblr-2946	529	16	,	,	PUNCT
cblr-2946	529	17	wall	wall	PROPN
cblr-2946	529	18	st	st	PROPN
cblr-2946	529	19	.	.	PROPN
cblr-2946	529	20	j.	j.	PROPN
cblr-2946	529	21	,	,	PUNCT
cblr-2946	529	22	sept	sept	PROPN
cblr-2946	529	23	.	.	PROPN
cblr-2946	529	24	7	7	NUM
cblr-2946	529	25	,	,	PUNCT
cblr-2946	529	26	2007	2007	NUM
cblr-2946	529	27	,	,	PUNCT
cblr-2946	529	28	at	at	ADP
cblr-2946	529	29	a15	a15	NOUN
cblr-2946	529	30	(	(	PUNCT
cblr-2946	529	31	stating	state	VERB
cblr-2946	529	32	that	that	SCONJ
cblr-2946	529	33	the	the	DET
cblr-2946	529	34	issuer	issuer	NOUN
cblr-2946	529	35	pays	pay	VERB
cblr-2946	529	36	conflict	conflict	NOUN
cblr-2946	529	37	deepened	deepen	VERB
cblr-2946	529	38	with	with	ADP
cblr-2946	529	39	the	the	DET
cblr-2946	529	40	increase	increase	NOUN
cblr-2946	529	41	in	in	ADP
cblr-2946	529	42	structured	structured	ADJ
cblr-2946	529	43	finance	finance	NOUN
cblr-2946	529	44	products	product	NOUN
cblr-2946	529	45	and	and	CCONJ
cblr-2946	529	46	that	that	SCONJ
cblr-2946	529	47	the	the	DET
cblr-2946	529	48	lucrative	lucrative	ADJ
cblr-2946	529	49	business	business	NOUN
cblr-2946	529	50	of	of	ADP
cblr-2946	529	51	rating	rate	VERB
cblr-2946	529	52	these	these	DET
cblr-2946	529	53	products	product	NOUN
cblr-2946	529	54	calls	call	VERB
cblr-2946	529	55	into	into	ADP
cblr-2946	529	56	question	question	NOUN
cblr-2946	529	57	the	the	DET
cblr-2946	529	58	objectivity	objectivity	NOUN
cblr-2946	529	59	of	of	ADP
cblr-2946	529	60	the	the	DET
cblr-2946	529	61	ratings	rating	NOUN
cblr-2946	529	62	)	)	PUNCT
cblr-2946	529	63	;	;	PUNCT
cblr-2946	529	64	aaron	aaron	PROPN
cblr-2946	529	65	lucchetti	lucchetti	PROPN
cblr-2946	529	66	,	,	PUNCT
cblr-2946	529	67	ratings	rating	NOUN
cblr-2946	529	68	firms	firm	NOUN
cblr-2946	529	69	'	'	PART
cblr-2946	529	70	practices	practice	NOUN
cblr-2946	529	71	get	get	AUX
cblr-2946	529	72	rated	rate	VERB
cblr-2946	529	73	-	-	PUNCT
cblr-2946	529	74	sec	sec	NOUN
cblr-2946	529	75	probes	probe	NOUN
cblr-2946	529	76	if	if	SCONJ
cblr-2946	529	77	conflicts	conflict	NOUN
cblr-2946	529	78	fueled	fuel	VERB
cblr-2946	529	79	subprime	subprime	ADJ
cblr-2946	529	80	troubles	trouble	NOUN
cblr-2946	529	81	,	,	PUNCT
cblr-2946	529	82	wall	wall	PROPN
cblr-2946	529	83	st	st	PROPN
cblr-2946	529	84	.	.	PROPN
cblr-2946	529	85	j.	j.	PROPN
cblr-2946	529	86	,	,	PUNCT
cblr-2946	529	87	sept	sept	PROPN
cblr-2946	529	88	.	.	PROPN
cblr-2946	529	89	7	7	NUM
cblr-2946	529	90	,	,	PUNCT
cblr-2946	529	91	2007	2007	NUM
cblr-2946	529	92	,	,	PUNCT
cblr-2946	529	93	at	at	ADP
cblr-2946	529	94	c1	c1	PROPN
cblr-2946	529	95	(	(	PUNCT
cblr-2946	529	96	"	"	PUNCT
cblr-2946	529	97	in	in	ADP
cblr-2946	529	98	the	the	DET
cblr-2946	529	99	wake	wake	NOUN
cblr-2946	529	100	of	of	ADP
cblr-2946	529	101	mortgage	mortgage	NOUN
cblr-2946	529	102	-	-	PUNCT
cblr-2946	529	103	market	market	NOUN
cblr-2946	529	104	turmoil	turmoil	NOUN
cblr-2946	529	105	,	,	PUNCT
cblr-2946	529	106	regulators	regulator	NOUN
cblr-2946	529	107	plan	plan	VERB
cblr-2946	529	108	to	to	PART
cblr-2946	529	109	probe	probe	VERB
cblr-2946	529	110	how	how	SCONJ
cblr-2946	529	111	the	the	DET
cblr-2946	529	112	big	big	ADJ
cblr-2946	529	113	credit	credit	NOUN
cblr-2946	529	114	-	-	PUNCT
cblr-2946	529	115	rating	rating	NOUN
cblr-2946	529	116	companies	company	NOUN
cblr-2946	529	117	are	be	AUX
cblr-2946	529	118	paid	pay	VERB
cblr-2946	529	119	and	and	CCONJ
cblr-2946	529	120	whether	whether	SCONJ
cblr-2946	529	121	they	they	PRON
cblr-2946	529	122	are	be	AUX
cblr-2946	529	123	independent	independent	ADJ
cblr-2946	529	124	enough	enough	ADV
cblr-2946	529	125	of	of	ADP
cblr-2946	529	126	the	the	DET
cblr-2946	529	127	wall	wall	PROPN
cblr-2946	529	128	street	street	PROPN
cblr-2946	529	129	firms	firm	NOUN
cblr-2946	529	130	that	that	PRON
cblr-2946	529	131	issue	issue	VERB
cblr-2946	529	132	bonds	bond	NOUN
cblr-2946	529	133	.	.	PUNCT
cblr-2946	530	1	"	"	PUNCT
cblr-2946	530	2	)	)	PUNCT
cblr-2946	530	3	.	.	PUNCT
cblr-2946	531	1	columbia	columbia	PROPN
cblr-2946	531	2	business	business	PROPN
cblr-2946	531	3	law	law	PROPN
cblr-2946	531	4	review	review	VERB
cblr-2946	531	5	three	three	NUM
cblr-2946	531	6	key	key	ADJ
cblr-2946	531	7	reasons	reason	NOUN
cblr-2946	531	8	why	why	SCONJ
cblr-2946	531	9	cras	cras	PROPN
cblr-2946	531	10	may	may	AUX
cblr-2946	531	11	have	have	AUX
cblr-2946	531	12	been	be	AUX
cblr-2946	531	13	subject	subject	ADJ
cblr-2946	531	14	to	to	ADP
cblr-2946	531	15	greater	great	ADJ
cblr-2946	531	16	pressure	pressure	NOUN
cblr-2946	531	17	from	from	ADP
cblr-2946	531	18	issuers	issuer	NOUN
cblr-2946	531	19	to	to	PART
cblr-2946	531	20	inflate	inflate	VERB
cblr-2946	531	21	ratings	rating	NOUN
cblr-2946	531	22	on	on	ADP
cblr-2946	531	23	these	these	DET
cblr-2946	531	24	products	product	NOUN
cblr-2946	531	25	than	than	ADP
cblr-2946	531	26	on	on	ADP
cblr-2946	531	27	corporate	corporate	ADJ
cblr-2946	531	28	securities	security	NOUN
cblr-2946	531	29	.	.	PUNCT
cblr-2946	532	1	first	first	ADV
cblr-2946	532	2	,	,	PUNCT
cblr-2946	532	3	the	the	DET
cblr-2946	532	4	market	market	NOUN
cblr-2946	532	5	for	for	ADP
cblr-2946	532	6	structured	structured	ADJ
cblr-2946	532	7	finance	finance	NOUN
cblr-2946	532	8	ratings	rating	NOUN
cblr-2946	532	9	began	begin	VERB
cblr-2946	532	10	to	to	PART
cblr-2946	532	11	increase	increase	VERB
cblr-2946	532	12	dramatically	dramatically	ADV
cblr-2946	532	13	by	by	ADP
cblr-2946	532	14	2003	2003	NUM
cblr-2946	532	15	,	,	PUNCT
cblr-2946	532	16	becoming	become	VERB
cblr-2946	532	17	an	an	DET
cblr-2946	532	18	important	important	ADJ
cblr-2946	532	19	source	source	NOUN
cblr-2946	532	20	of	of	ADP
cblr-2946	532	21	growth	growth	NOUN
cblr-2946	532	22	for	for	ADP
cblr-2946	532	23	cras	cras	X
cblr-2946	532	24	.	.	PUNCT
cblr-2946	533	1	second	second	ADJ
cblr-2946	533	2	,	,	PUNCT
cblr-2946	533	3	the	the	DET
cblr-2946	533	4	economics	economic	NOUN
cblr-2946	533	5	of	of	ADP
cblr-2946	533	6	the	the	DET
cblr-2946	533	7	structured	structured	ADJ
cblr-2946	533	8	finance	finance	NOUN
cblr-2946	533	9	ratings	rating	NOUN
cblr-2946	533	10	market	market	NOUN
cblr-2946	533	11	differ	differ	VERB
cblr-2946	533	12	from	from	ADP
cblr-2946	533	13	that	that	PRON
cblr-2946	533	14	of	of	ADP
cblr-2946	533	15	the	the	DET
cblr-2946	533	16	corporate	corporate	ADJ
cblr-2946	533	17	securities	security	NOUN
cblr-2946	533	18	rating	rating	NOUN
cblr-2946	533	19	market	market	NOUN
cblr-2946	533	20	in	in	ADP
cblr-2946	533	21	simple	simple	ADJ
cblr-2946	533	22	,	,	PUNCT
cblr-2946	533	23	but	but	CCONJ
cblr-2946	533	24	critical	critical	ADJ
cblr-2946	533	25	ways	way	NOUN
cblr-2946	533	26	.	.	PUNCT
cblr-2946	534	1	third	third	ADJ
cblr-2946	534	2	,	,	PUNCT
cblr-2946	534	3	the	the	DET
cblr-2946	534	4	ratings	rating	NOUN
cblr-2946	534	5	process	process	NOUN
cblr-2946	534	6	for	for	ADP
cblr-2946	534	7	products	product	NOUN
cblr-2946	534	8	like	like	ADP
cblr-2946	534	9	rmbs	rmb	NOUN
cblr-2946	534	10	and	and	CCONJ
cblr-2946	534	11	cdos	cdo	NOUN
cblr-2946	534	12	presents	present	VERB
cblr-2946	534	13	a	a	DET
cblr-2946	534	14	greater	great	ADJ
cblr-2946	534	15	opportunity	opportunity	NOUN
cblr-2946	534	16	for	for	ADP
cblr-2946	534	17	an	an	DET
cblr-2946	534	18	issuer	issuer	NOUN
cblr-2946	534	19	to	to	PART
cblr-2946	534	20	exert	exert	VERB
cblr-2946	534	21	pressure	pressure	NOUN
cblr-2946	534	22	on	on	ADP
cblr-2946	534	23	a	a	DET
cblr-2946	534	24	cra	cra	PROPN
cblr-2946	534	25	.	.	PUNCT
cblr-2946	535	1	combined	combine	VERB
cblr-2946	535	2	,	,	PUNCT
cblr-2946	535	3	these	these	DET
cblr-2946	535	4	differences	difference	NOUN
cblr-2946	535	5	indicate	indicate	VERB
cblr-2946	535	6	that	that	SCONJ
cblr-2946	535	7	the	the	DET
cblr-2946	535	8	issuer	issuer	NOUN
cblr-2946	535	9	pays	pay	VERB
cblr-2946	535	10	conflict	conflict	NOUN
cblr-2946	535	11	may	may	AUX
cblr-2946	535	12	have	have	AUX
cblr-2946	535	13	contributed	contribute	VERB
cblr-2946	535	14	to	to	ADP
cblr-2946	535	15	the	the	DET
cblr-2946	535	16	relatively	relatively	ADV
cblr-2946	535	17	poor	poor	ADJ
cblr-2946	535	18	performance	performance	NOUN
cblr-2946	535	19	of	of	ADP
cblr-2946	535	20	recent	recent	ADJ
cblr-2946	535	21	structured	structured	ADJ
cblr-2946	535	22	finance	finance	NOUN
cblr-2946	535	23	ratings	rating	NOUN
cblr-2946	535	24	.	.	PUNCT
cblr-2946	536	1	1	1	X
cblr-2946	536	2	.	.	X
cblr-2946	536	3	the	the	DET
cblr-2946	536	4	growth	growth	NOUN
cblr-2946	536	5	of	of	ADP
cblr-2946	536	6	structured	structured	ADJ
cblr-2946	536	7	finance	finance	NOUN
cblr-2946	536	8	products	product	NOUN
cblr-2946	536	9	the	the	DET
cblr-2946	536	10	early	early	ADJ
cblr-2946	536	11	-	-	PUNCT
cblr-2946	536	12	to	to	ADP
cblr-2946	536	13	-	-	PUNCT
cblr-2946	536	14	mid	mid	ADJ
cblr-2946	536	15	2000s	2000	NOUN
cblr-2946	536	16	witnessed	witness	VERB
cblr-2946	536	17	incredible	incredible	ADJ
cblr-2946	536	18	growth	growth	NOUN
cblr-2946	536	19	in	in	ADP
cblr-2946	536	20	structured	structured	ADJ
cblr-2946	536	21	finance	finance	NOUN
cblr-2946	536	22	product	product	NOUN
cblr-2946	536	23	issuance	issuance	NOUN
cblr-2946	536	24	.	.	PUNCT
cblr-2946	537	1	141	141	NUM
cblr-2946	537	2	indeed	indeed	ADV
cblr-2946	537	3	,	,	PUNCT
cblr-2946	537	4	between	between	ADP
cblr-2946	537	5	2004	2004	NUM
cblr-2946	537	6	and	and	CCONJ
cblr-2946	537	7	2006	2006	NUM
cblr-2946	537	8	,	,	PUNCT
cblr-2946	537	9	cdo	cdo	ADJ
cblr-2946	537	10	issuance	issuance	NOUN
cblr-2946	537	11	alone	alone	ADV
cblr-2946	537	12	increased	increase	VERB
cblr-2946	537	13	from	from	ADP
cblr-2946	537	14	$	$	SYM
cblr-2946	537	15	157	157	NUM
cblr-2946	537	16	billion	billion	NUM
cblr-2946	537	17	to	to	PART
cblr-2946	537	18	$	$	SYM
cblr-2946	537	19	552	552	NUM
cblr-2946	537	20	billion.15	billion.15	NOUN
cblr-2946	537	21	1	1	NUM
cblr-2946	537	22	in	in	ADP
cblr-2946	537	23	turn	turn	NOUN
cblr-2946	537	24	,	,	PUNCT
cblr-2946	537	25	the	the	DET
cblr-2946	537	26	volume	volume	NOUN
cblr-2946	537	27	of	of	ADP
cblr-2946	537	28	rmbs	rmb	NOUN
cblr-2946	537	29	and	and	CCONJ
cblr-2946	537	30	cdo	cdo	ADJ
cblr-2946	537	31	issuances	issuance	NOUN
cblr-2946	537	32	rated	rate	VERB
cblr-2946	537	33	by	by	ADP
cblr-2946	537	34	the	the	DET
cblr-2946	537	35	cras	cras	PROPN
cblr-2946	537	36	increased	increase	VERB
cblr-2946	537	37	substantially	substantially	ADV
cblr-2946	537	38	between	between	ADP
cblr-2946	537	39	2002	2002	NUM
cblr-2946	537	40	and	and	CCONJ
cblr-2946	537	41	2006	2006	NUM
cblr-2946	537	42	,	,	PUNCT
cblr-2946	537	43	and	and	CCONJ
cblr-2946	537	44	structured	structure	VERB
cblr-2946	537	45	finance	finance	NOUN
cblr-2946	537	46	became	become	VERB
cblr-2946	537	47	vital	vital	ADJ
cblr-2946	537	48	to	to	ADP
cblr-2946	537	49	the	the	DET
cblr-2946	537	50	growth	growth	NOUN
cblr-2946	537	51	of	of	ADP
cblr-2946	537	52	the	the	DET
cblr-2946	537	53	agencies	agency	NOUN
cblr-2946	537	54	'	'	PART
cblr-2946	537	55	business	business	NOUN
cblr-2946	537	56	.	.	PUNCT
cblr-2946	537	57	'	'	PUNCT
cblr-2946	538	1	for	for	ADP
cblr-2946	538	2	example	example	NOUN
cblr-2946	538	3	,	,	PUNCT
cblr-2946	538	4	moody	moody	PROPN
cblr-2946	538	5	's	's	PART
cblr-2946	538	6	reported	report	VERB
cblr-2946	538	7	that	that	SCONJ
cblr-2946	538	8	its	its	PRON
cblr-2946	538	9	structured	structured	ADJ
cblr-2946	538	10	finance	finance	NOUN
cblr-2946	538	11	ratings	rating	NOUN
cblr-2946	538	12	revenue	revenue	NOUN
cblr-2946	538	13	grew	grow	VERB
cblr-2946	538	14	87	87	NUM
cblr-2946	538	15	%	%	NOUN
cblr-2946	538	16	between	between	ADP
cblr-2946	538	17	2003	2003	NUM
cblr-2946	538	18	and	and	CCONJ
cblr-2946	538	19	2006	2006	NUM
cblr-2946	538	20	and	and	CCONJ
cblr-2946	538	21	accounted	account	VERB
cblr-2946	538	22	for	for	ADP
cblr-2946	538	23	more	more	ADJ
cblr-2946	538	24	than	than	ADP
cblr-2946	538	25	half	half	NOUN
cblr-2946	538	26	of	of	ADP
cblr-2946	538	27	its	its	PRON
cblr-2946	538	28	ratings	rating	NOUN
cblr-2946	538	29	revenue	revenue	NOUN
cblr-2946	538	30	in	in	ADP
cblr-2946	538	31	2006.152	2006.152	NUM
cblr-2946	538	32	perhaps	perhaps	ADV
cblr-2946	538	33	more	more	ADJ
cblr-2946	538	34	149	149	NUM
cblr-2946	538	35	coffee	coffee	NOUN
cblr-2946	538	36	,	,	PUNCT
cblr-2946	538	37	supra	supra	PROPN
cblr-2946	538	38	note	note	NOUN
cblr-2946	538	39	2	2	NUM
cblr-2946	538	40	(	(	PUNCT
cblr-2946	538	41	describing	describe	VERB
cblr-2946	538	42	growth	growth	NOUN
cblr-2946	538	43	of	of	ADP
cblr-2946	538	44	structured	structured	ADJ
cblr-2946	538	45	finance	finance	NOUN
cblr-2946	538	46	as	as	ADP
cblr-2946	538	47	explosive	explosive	ADJ
cblr-2946	538	48	)	)	PUNCT
cblr-2946	538	49	.	.	PUNCT
cblr-2946	539	1	150	150	NUM
cblr-2946	539	2	securities	security	NOUN
cblr-2946	539	3	industry	industry	NOUN
cblr-2946	539	4	and	and	CCONJ
cblr-2946	539	5	financial	financial	ADJ
cblr-2946	539	6	markets	market	NOUN
cblr-2946	539	7	association	association	NOUN
cblr-2946	539	8	,	,	PUNCT
cblr-2946	539	9	global	global	ADJ
cblr-2946	539	10	cdo	cdo	ADJ
cblr-2946	539	11	market	market	NOUN
cblr-2946	539	12	issuance	issuance	NOUN
cblr-2946	539	13	data	datum	NOUN
cblr-2946	539	14	,	,	PUNCT
cblr-2946	539	15	available	available	ADJ
cblr-2946	539	16	at	at	ADP
cblr-2946	539	17	http://www.sifma.org/	http://www.sifma.org/	NOUN
cblr-2946	539	18	research	research	NOUN
cblr-2946	539	19	/	/	SYM
cblr-2946	539	20	pdffsifmacdoissuancedata2008.pdf	pdffsifmacdoissuancedata2008.pdf	NOUN
cblr-2946	539	21	.	.	PUNCT
cblr-2946	540	1	'	'	PUNCT
cblr-2946	540	2	5	5	NUM
cblr-2946	540	3	'	'	PUNCT
cblr-2946	540	4	sec	sec	PROPN
cblr-2946	540	5	july	july	PROPN
cblr-2946	540	6	2008	2008	NUM
cblr-2946	540	7	report	report	NOUN
cblr-2946	540	8	,	,	PUNCT
cblr-2946	540	9	supra	supra	PROPN
cblr-2946	540	10	note	note	NOUN
cblr-2946	540	11	47	47	NUM
cblr-2946	540	12	,	,	PUNCT
cblr-2946	540	13	at	at	ADP
cblr-2946	540	14	10	10	NUM
cblr-2946	540	15	;	;	PUNCT
cblr-2946	540	16	hunt	hunt	NOUN
cblr-2946	540	17	,	,	PUNCT
cblr-2946	540	18	supra	supra	PROPN
cblr-2946	540	19	note	note	NOUN
cblr-2946	540	20	3	3	NUM
cblr-2946	540	21	,	,	PUNCT
cblr-2946	540	22	at	at	ADP
cblr-2946	540	23	172	172	NUM
cblr-2946	540	24	(	(	PUNCT
cblr-2946	540	25	citing	cite	VERB
cblr-2946	540	26	joseph	joseph	PROPN
cblr-2946	540	27	r.	r.	PROPN
cblr-2946	540	28	mason	mason	PROPN
cblr-2946	540	29	&	&	CCONJ
cblr-2946	540	30	josh	josh	PROPN
cblr-2946	540	31	rosner	rosner	PROPN
cblr-2946	540	32	,	,	PUNCT
cblr-2946	540	33	where	where	SCONJ
cblr-2946	540	34	did	do	AUX
cblr-2946	540	35	the	the	DET
cblr-2946	540	36	risk	risk	NOUN
cblr-2946	540	37	go	go	VERB
cblr-2946	540	38	?	?	PUNCT
cblr-2946	541	1	how	how	SCONJ
cblr-2946	541	2	misapplied	misapply	VERB
cblr-2946	541	3	bond	bond	NOUN
cblr-2946	541	4	ratings	rating	NOUN
cblr-2946	541	5	cause	cause	VERB
cblr-2946	541	6	mortgage	mortgage	NOUN
cblr-2946	541	7	backed	back	VERB
cblr-2946	541	8	securities	security	NOUN
cblr-2946	541	9	and	and	CCONJ
cblr-2946	541	10	collateralized	collateralized	ADJ
cblr-2946	541	11	debt	debt	NOUN
cblr-2946	541	12	obligation	obligation	NOUN
cblr-2946	541	13	market	market	NOUN
cblr-2946	541	14	disruptions	disruption	NOUN
cblr-2946	541	15	17	17	NUM
cblr-2946	541	16	(	(	PUNCT
cblr-2946	541	17	may	may	PROPN
cblr-2946	541	18	3	3	NUM
cblr-2946	541	19	,	,	PUNCT
cblr-2946	541	20	2007	2007	NUM
cblr-2946	541	21	)	)	PUNCT
cblr-2946	541	22	(	(	PUNCT
cblr-2946	541	23	unpublished	unpublished	ADJ
cblr-2946	541	24	working	working	NOUN
cblr-2946	541	25	paper	paper	NOUN
cblr-2946	541	26	)	)	PUNCT
cblr-2946	541	27	(	(	PUNCT
cblr-2946	541	28	noting	note	VERB
cblr-2946	541	29	that	that	SCONJ
cblr-2946	541	30	structured	structured	ADJ
cblr-2946	541	31	finance	finance	NOUN
cblr-2946	541	32	ratings	rating	NOUN
cblr-2946	541	33	have	have	AUX
cblr-2946	541	34	been	be	AUX
cblr-2946	541	35	critical	critical	ADJ
cblr-2946	541	36	to	to	ADP
cblr-2946	541	37	the	the	DET
cblr-2946	541	38	growth	growth	NOUN
cblr-2946	541	39	of	of	ADP
cblr-2946	541	40	the	the	DET
cblr-2946	541	41	cras	cras	X
cblr-2946	541	42	'	'	PART
cblr-2946	541	43	businesses	business	NOUN
cblr-2946	541	44	)	)	PUNCT
cblr-2946	541	45	)	)	PUNCT
cblr-2946	541	46	.	.	PUNCT
cblr-2946	542	1	152	152	NUM
cblr-2946	542	2	hunt	hunt	NOUN
cblr-2946	542	3	,	,	PUNCT
cblr-2946	542	4	supra	supra	PROPN
cblr-2946	542	5	note	note	NOUN
cblr-2946	542	6	3	3	NUM
cblr-2946	542	7	,	,	PUNCT
cblr-2946	542	8	at	at	ADP
cblr-2946	542	9	173	173	NUM
cblr-2946	542	10	(	(	PUNCT
cblr-2946	542	11	citing	cite	VERB
cblr-2946	542	12	moody	moody	PROPN
cblr-2946	542	13	's	's	PART
cblr-2946	542	14	corp	corp	PROPN
cblr-2946	542	15	.	.	PROPN
cblr-2946	542	16	,	,	PUNCT
cblr-2946	542	17	annual	annual	ADJ
cblr-2946	542	18	report	report	NOUN
cblr-2946	542	19	(	(	PUNCT
cblr-2946	542	20	form	form	NOUN
cblr-2946	542	21	10	10	NUM
cblr-2946	542	22	-	-	PUNCT
cblr-2946	542	23	k	k	NOUN
cblr-2946	542	24	)	)	PUNCT
cblr-2946	542	25	,	,	PUNCT
cblr-2946	542	26	at	at	ADP
cblr-2946	542	27	76	76	NUM
cblr-2946	542	28	(	(	PUNCT
cblr-2946	542	29	feb	feb	PROPN
cblr-2946	542	30	.	.	PROPN
cblr-2946	542	31	29	29	NUM
cblr-2946	542	32	,	,	PUNCT
cblr-2946	542	33	2008	2008	NUM
cblr-2946	542	34	)	)	PUNCT
cblr-2946	542	35	;	;	PUNCT
cblr-2946	542	36	moody	moody	PROPN
cblr-2946	542	37	's	's	PART
cblr-2946	542	38	corp	corp	PROPN
cblr-2946	542	39	.	.	PROPN
cblr-2946	542	40	,	,	PUNCT
cblr-2946	542	41	annual	annual	ADJ
cblr-2946	542	42	report	report	NOUN
cblr-2946	542	43	(	(	PUNCT
cblr-2946	542	44	form	form	NOUN
cblr-2946	542	45	10	10	NUM
cblr-2946	542	46	-	-	PUNCT
cblr-2946	542	47	k	k	NOUN
cblr-2946	542	48	)	)	PUNCT
cblr-2946	542	49	,	,	PUNCT
cblr-2946	542	50	at	at	ADP
cblr-2946	542	51	39	39	NUM
cblr-2946	542	52	(	(	PUNCT
cblr-2946	542	53	mar	mar	PROPN
cblr-2946	542	54	.	.	PROPN
cblr-2946	542	55	22	22	NUM
cblr-2946	542	56	,	,	PUNCT
cblr-2946	542	57	2002	2002	NUM
cblr-2946	542	58	)	)	PUNCT
cblr-2946	542	59	)	)	PUNCT
cblr-2946	542	60	.	.	PUNCT
cblr-2946	543	1	[	[	X
cblr-2946	543	2	vol	vol	NOUN
cblr-2946	543	3	.	.	PUNCT
cblr-2946	543	4	2009	2009	NUM
cblr-2946	543	5	no	no	NOUN
cblr-2946	543	6	.	.	PUNCT
cblr-2946	544	1	2:605	2:605	NUM
cblr-2946	544	2	]	]	X
cblr-2946	544	3	credit	credit	NOUN
cblr-2946	544	4	rating	rating	NOUN
cblr-2946	544	5	agencies	agency	NOUN
cblr-2946	544	6	and	and	CCONJ
cblr-2946	544	7	the	the	DET
cblr-2946	544	8	credit	credit	NOUN
cblr-2946	544	9	crisis	crisis	NOUN
cblr-2946	544	10	639	639	NUM
cblr-2946	544	11	importantly	importantly	ADV
cblr-2946	544	12	,	,	PUNCT
cblr-2946	544	13	structured	structured	ADJ
cblr-2946	544	14	finance	finance	NOUN
cblr-2946	544	15	produced	produce	VERB
cblr-2946	544	16	two	two	NUM
cblr-2946	544	17	thirds	third	NOUN
cblr-2946	544	18	of	of	ADP
cblr-2946	544	19	moody	moody	NOUN
cblr-2946	544	20	's	's	PART
cblr-2946	544	21	ratings	rating	NOUN
cblr-2946	544	22	revenue	revenue	NOUN
cblr-2946	544	23	growth	growth	NOUN
cblr-2946	544	24	during	during	ADP
cblr-2946	544	25	this	this	DET
cblr-2946	544	26	time	time	NOUN
cblr-2946	544	27	period	period	NOUN
cblr-2946	544	28	.	.	PUNCT
cblr-2946	544	29	"	"	PUNCT
cblr-2946	545	1	3	3	NUM
cblr-2946	545	2	structured	structured	ADJ
cblr-2946	545	3	finance	finance	NOUN
cblr-2946	545	4	was	be	AUX
cblr-2946	545	5	not	not	PART
cblr-2946	545	6	only	only	ADV
cblr-2946	545	7	critical	critical	ADJ
cblr-2946	545	8	to	to	ADP
cblr-2946	545	9	revenue	revenue	NOUN
cblr-2946	545	10	growth	growth	NOUN
cblr-2946	545	11	;	;	PUNCT
cblr-2946	545	12	some	some	DET
cblr-2946	545	13	sources	source	NOUN
cblr-2946	545	14	suggest	suggest	VERB
cblr-2946	545	15	that	that	SCONJ
cblr-2946	545	16	for	for	ADP
cblr-2946	545	17	the	the	DET
cblr-2946	545	18	cras	cras	X
cblr-2946	545	19	,	,	PUNCT
cblr-2946	545	20	rating	rating	NOUN
cblr-2946	545	21	structured	structured	ADJ
cblr-2946	545	22	finance	finance	NOUN
cblr-2946	545	23	products	product	NOUN
cblr-2946	545	24	may	may	AUX
cblr-2946	545	25	have	have	AUX
cblr-2946	545	26	been	be	AUX
cblr-2946	545	27	highly	highly	ADV
cblr-2946	545	28	profitable	profitable	ADJ
cblr-2946	545	29	.	.	PUNCT
cblr-2946	545	30	"	"	PUNCT
cblr-2946	546	1	while	while	SCONJ
cblr-2946	546	2	the	the	DET
cblr-2946	546	3	growth	growth	NOUN
cblr-2946	546	4	of	of	ADP
cblr-2946	546	5	structured	structured	ADJ
cblr-2946	546	6	finance	finance	NOUN
cblr-2946	546	7	does	do	AUX
cblr-2946	546	8	not	not	PART
cblr-2946	546	9	alone	alone	ADV
cblr-2946	546	10	explain	explain	VERB
cblr-2946	546	11	why	why	SCONJ
cblr-2946	546	12	the	the	DET
cblr-2946	546	13	cras	cras	X
cblr-2946	546	14	may	may	AUX
cblr-2946	546	15	have	have	AUX
cblr-2946	546	16	been	be	AUX
cblr-2946	546	17	more	more	ADV
cblr-2946	546	18	susceptible	susceptible	ADJ
cblr-2946	546	19	to	to	ADP
cblr-2946	546	20	the	the	DET
cblr-2946	546	21	issuer	issuer	NOUN
cblr-2946	546	22	pays	pay	VERB
cblr-2946	546	23	conflict	conflict	NOUN
cblr-2946	546	24	when	when	SCONJ
cblr-2946	546	25	rating	rate	VERB
cblr-2946	546	26	these	these	DET
cblr-2946	546	27	products	product	NOUN
cblr-2946	546	28	,	,	PUNCT
cblr-2946	546	29	it	it	PRON
cblr-2946	546	30	does	do	AUX
cblr-2946	546	31	suggest	suggest	VERB
cblr-2946	546	32	that	that	SCONJ
cblr-2946	546	33	the	the	DET
cblr-2946	546	34	success	success	NOUN
cblr-2946	546	35	of	of	ADP
cblr-2946	546	36	the	the	DET
cblr-2946	546	37	agencies	agency	NOUN
cblr-2946	546	38	during	during	ADP
cblr-2946	546	39	the	the	DET
cblr-2946	546	40	relevant	relevant	ADJ
cblr-2946	546	41	time	time	NOUN
cblr-2946	546	42	period	period	NOUN
cblr-2946	546	43	was	be	AUX
cblr-2946	546	44	quite	quite	ADV
cblr-2946	546	45	dependent	dependent	ADJ
cblr-2946	546	46	on	on	ADP
cblr-2946	546	47	the	the	DET
cblr-2946	546	48	generation	generation	NOUN
cblr-2946	546	49	of	of	ADP
cblr-2946	546	50	business	business	NOUN
cblr-2946	546	51	from	from	ADP
cblr-2946	546	52	structured	structured	ADJ
cblr-2946	546	53	finance	finance	NOUN
cblr-2946	546	54	issuers	issuer	NOUN
cblr-2946	547	1	.	.	PUNCT
cblr-2946	548	1	2	2	X
cblr-2946	548	2	.	.	X
cblr-2946	548	3	the	the	DET
cblr-2946	548	4	concentration	concentration	NOUN
cblr-2946	548	5	of	of	ADP
cblr-2946	548	6	the	the	DET
cblr-2946	548	7	customer	customer	NOUN
cblr-2946	548	8	base	base	NOUN
cblr-2946	548	9	an	an	DET
cblr-2946	548	10	important	important	ADJ
cblr-2946	548	11	difference	difference	NOUN
cblr-2946	548	12	between	between	ADP
cblr-2946	548	13	the	the	DET
cblr-2946	548	14	markets	market	NOUN
cblr-2946	548	15	for	for	ADP
cblr-2946	548	16	rating	rate	VERB
cblr-2946	548	17	structured	structure	VERB
cblr-2946	548	18	products	product	NOUN
cblr-2946	548	19	and	and	CCONJ
cblr-2946	548	20	for	for	ADP
cblr-2946	548	21	rating	rate	VERB
cblr-2946	548	22	corporate	corporate	ADJ
cblr-2946	548	23	bonds	bond	NOUN
cblr-2946	548	24	is	be	AUX
cblr-2946	548	25	the	the	DET
cblr-2946	548	26	greater	great	ADJ
cblr-2946	548	27	importance	importance	NOUN
cblr-2946	548	28	a	a	DET
cblr-2946	548	29	structured	structured	ADJ
cblr-2946	548	30	finance	finance	NOUN
cblr-2946	548	31	issuer	issuer	NOUN
cblr-2946	548	32	may	may	AUX
cblr-2946	548	33	play	play	VERB
cblr-2946	548	34	,	,	PUNCT
cblr-2946	548	35	compared	compare	VERB
cblr-2946	548	36	to	to	ADP
cblr-2946	548	37	a	a	DET
cblr-2946	548	38	corporate	corporate	ADJ
cblr-2946	548	39	issuer	issuer	NOUN
cblr-2946	548	40	,	,	PUNCT
cblr-2946	548	41	to	to	ADP
cblr-2946	548	42	a	a	DET
cblr-2946	548	43	cra	cra	PROPN
cblr-2946	548	44	's	's	PART
cblr-2946	548	45	revenue	revenue	NOUN
cblr-2946	548	46	base	base	NOUN
cblr-2946	548	47	.	.	PUNCT
cblr-2946	549	1	the	the	DET
cblr-2946	549	2	market	market	NOUN
cblr-2946	549	3	for	for	ADP
cblr-2946	549	4	rating	rate	VERB
cblr-2946	549	5	corporate	corporate	ADJ
cblr-2946	549	6	bonds	bond	NOUN
cblr-2946	549	7	consists	consist	VERB
cblr-2946	549	8	of	of	ADP
cblr-2946	549	9	thousands	thousand	NOUN
cblr-2946	549	10	of	of	ADP
cblr-2946	549	11	small	small	ADJ
cblr-2946	549	12	issuers	issuer	NOUN
cblr-2946	549	13	,	,	PUNCT
cblr-2946	549	14	each	each	PRON
cblr-2946	549	15	accessing	access	VERB
cblr-2946	549	16	the	the	DET
cblr-2946	549	17	debt	debt	NOUN
cblr-2946	549	18	markets	market	NOUN
cblr-2946	549	19	on	on	ADP
cblr-2946	549	20	an	an	DET
cblr-2946	549	21	occasional	occasional	ADJ
cblr-2946	549	22	basis	basis	NOUN
cblr-2946	549	23	.	.	PUNCT
cblr-2946	550	1	"55	"55	PROPN
cblr-2946	550	2	for	for	ADP
cblr-2946	550	3	traditional	traditional	ADJ
cblr-2946	550	4	products	product	NOUN
cblr-2946	550	5	,	,	PUNCT
cblr-2946	550	6	cras	cras	PROPN
cblr-2946	550	7	typically	typically	ADV
cblr-2946	550	8	charge	charge	VERB
cblr-2946	550	9	a	a	DET
cblr-2946	550	10	fixed	fix	VERB
cblr-2946	550	11	fee	fee	NOUN
cblr-2946	550	12	of	of	ADP
cblr-2946	550	13	two	two	NUM
cblr-2946	550	14	to	to	PART
cblr-2946	550	15	three	three	NUM
cblr-2946	550	16	basis	basis	NOUN
cblr-2946	550	17	points	point	NOUN
cblr-2946	550	18	of	of	ADP
cblr-2946	550	19	the	the	DET
cblr-2946	550	20	amount	amount	NOUN
cblr-2946	550	21	of	of	ADP
cblr-2946	550	22	the	the	DET
cblr-2946	550	23	offering	offering	NOUN
cblr-2946	550	24	.	.	PUNCT
cblr-2946	551	1	156	156	NUM
cblr-2946	551	2	given	give	VERB
cblr-2946	551	3	the	the	DET
cblr-2946	551	4	infrequency	infrequency	NOUN
cblr-2946	551	5	with	with	ADP
cblr-2946	551	6	which	which	PRON
cblr-2946	551	7	corporate	corporate	ADJ
cblr-2946	551	8	issuers	issuer	NOUN
cblr-2946	551	9	purchase	purchase	NOUN
cblr-2946	551	10	ratings	rating	NOUN
cblr-2946	551	11	and	and	CCONJ
cblr-2946	551	12	the	the	DET
cblr-2946	551	13	relatively	relatively	ADV
cblr-2946	551	14	low	low	ADJ
cblr-2946	551	15	level	level	NOUN
cblr-2946	551	16	of	of	ADP
cblr-2946	551	17	fees	fee	NOUN
cblr-2946	551	18	generated	generate	VERB
cblr-2946	551	19	for	for	ADP
cblr-2946	551	20	a	a	DET
cblr-2946	551	21	corporate	corporate	ADJ
cblr-2946	551	22	debt	debt	NOUN
cblr-2946	551	23	issuance	issuance	NOUN
cblr-2946	551	24	,	,	PUNCT
cblr-2946	551	25	each	each	DET
cblr-2946	551	26	corporate	corporate	ADJ
cblr-2946	551	27	issuer	issuer	NOUN
cblr-2946	551	28	pays	pay	VERB
cblr-2946	551	29	an	an	DET
cblr-2946	551	30	insignificant	insignificant	ADJ
cblr-2946	551	31	amount	amount	NOUN
cblr-2946	551	32	of	of	ADP
cblr-2946	551	33	fees	fee	NOUN
cblr-2946	551	34	.	.	PUNCT
cblr-2946	552	1	'57	'57	NUM
cblr-2946	552	2	in	in	ADP
cblr-2946	552	3	contrast	contrast	NOUN
cblr-2946	552	4	,	,	PUNCT
cblr-2946	552	5	the	the	DET
cblr-2946	552	6	client	client	NOUN
cblr-2946	552	7	base	base	NOUN
cblr-2946	552	8	in	in	ADP
cblr-2946	552	9	the	the	DET
cblr-2946	552	10	structured	structured	ADJ
cblr-2946	552	11	finance	finance	NOUN
cblr-2946	552	12	market	market	NOUN
cblr-2946	552	13	is	be	AUX
cblr-2946	552	14	far	far	ADV
cblr-2946	552	15	smaller	small	ADJ
cblr-2946	552	16	.	.	PUNCT
cblr-2946	553	1	based	base	VERB
cblr-2946	553	2	on	on	ADP
cblr-2946	553	3	a	a	DET
cblr-2946	553	4	review	review	NOUN
cblr-2946	553	5	of	of	ADP
cblr-2946	553	6	642	642	NUM
cblr-2946	553	7	sample	sample	NOUN
cblr-2946	553	8	deals	deal	NOUN
cblr-2946	553	9	,	,	PUNCT
cblr-2946	553	10	the	the	DET
cblr-2946	553	11	sec	sec	PROPN
cblr-2946	553	12	found	find	VERB
cblr-2946	553	13	that	that	SCONJ
cblr-2946	553	14	twenty	twenty	NUM
cblr-2946	553	15	-	-	PUNCT
cblr-2946	553	16	two	two	NUM
cblr-2946	553	17	different	different	ADJ
cblr-2946	553	18	arrangers	arranger	NOUN
cblr-2946	553	19	153	153	NUM
cblr-2946	553	20	i	i	PROPN
cblr-2946	553	21	d.	d.	PROPN
cblr-2946	553	22	154	154	NUM
cblr-2946	553	23	see	see	VERB
cblr-2946	553	24	,	,	PUNCT
cblr-2946	553	25	e.g.	e.g.	ADV
cblr-2946	553	26	,	,	PUNCT
cblr-2946	553	27	coffee	coffee	NOUN
cblr-2946	553	28	,	,	PUNCT
cblr-2946	553	29	supra	supra	PROPN
cblr-2946	553	30	note	note	NOUN
cblr-2946	553	31	57	57	NUM
cblr-2946	553	32	(	(	PUNCT
cblr-2946	553	33	"	"	PUNCT
cblr-2946	553	34	[	[	X
cblr-2946	553	35	tlhe	tlhe	NOUN
cblr-2946	553	36	credit	credit	NOUN
cblr-2946	553	37	-	-	PUNCT
cblr-2946	553	38	rating	rating	NOUN
cblr-2946	553	39	business	business	NOUN
cblr-2946	553	40	was	be	AUX
cblr-2946	553	41	destabilized	destabilize	VERB
cblr-2946	553	42	by	by	ADP
cblr-2946	553	43	the	the	DET
cblr-2946	553	44	extraordinary	extraordinary	ADJ
cblr-2946	553	45	growth	growth	NOUN
cblr-2946	553	46	and	and	CCONJ
cblr-2946	553	47	profitability	profitability	NOUN
cblr-2946	553	48	of	of	ADP
cblr-2946	553	49	structured	structured	ADJ
cblr-2946	553	50	finance	finance	NOUN
cblr-2946	553	51	.	.	PUNCT
cblr-2946	553	52	"	"	PUNCT
cblr-2946	553	53	)	)	PUNCT
cblr-2946	553	54	.	.	PUNCT
cblr-2946	554	1	155	155	NUM
cblr-2946	554	2	coffee	coffee	NOUN
cblr-2946	554	3	,	,	PUNCT
cblr-2946	554	4	supra	supra	PROPN
cblr-2946	554	5	note	note	NOUN
cblr-2946	554	6	7	7	NUM
cblr-2946	554	7	,	,	PUNCT
cblr-2946	554	8	at	at	ADP
cblr-2946	554	9	305	305	NUM
cblr-2946	554	10	(	(	PUNCT
cblr-2946	554	11	noting	note	VERB
cblr-2946	554	12	that	that	SCONJ
cblr-2946	554	13	cras	cras	PROPN
cblr-2946	554	14	cover	cover	VERB
cblr-2946	554	15	thousands	thousand	NOUN
cblr-2946	554	16	of	of	ADP
cblr-2946	554	17	corporate	corporate	ADJ
cblr-2946	554	18	issuers	issuer	NOUN
cblr-2946	554	19	)	)	PUNCT
cblr-2946	554	20	;	;	PUNCT
cblr-2946	554	21	coffee	coffee	NOUN
cblr-2946	554	22	,	,	PUNCT
cblr-2946	554	23	supra	supra	PROPN
cblr-2946	554	24	note	note	NOUN
cblr-2946	554	25	31	31	NUM
cblr-2946	554	26	(	(	PUNCT
cblr-2946	554	27	explaining	explain	VERB
cblr-2946	554	28	that	that	SCONJ
cblr-2946	554	29	large	large	ADJ
cblr-2946	554	30	public	public	ADJ
cblr-2946	554	31	corporations	corporation	NOUN
cblr-2946	554	32	only	only	ADV
cblr-2946	554	33	access	access	VERB
cblr-2946	554	34	the	the	DET
cblr-2946	554	35	debt	debt	NOUN
cblr-2946	554	36	markets	market	NOUN
cblr-2946	554	37	periodically	periodically	ADV
cblr-2946	554	38	)	)	PUNCT
cblr-2946	554	39	.	.	PUNCT
cblr-2946	555	1	116	116	NUM
cblr-2946	555	2	coffee	coffee	NOUN
cblr-2946	555	3	,	,	PUNCT
cblr-2946	555	4	supra	supra	PROPN
cblr-2946	555	5	note	note	NOUN
cblr-2946	555	6	7	7	NUM
cblr-2946	555	7	,	,	PUNCT
cblr-2946	555	8	at	at	ADP
cblr-2946	555	9	286	286	NUM
cblr-2946	555	10	.	.	PUNCT
cblr-2946	555	11	7	7	NUM
cblr-2946	556	1	i	i	PRON
cblr-2946	556	2	d.	d.	NOUN
cblr-2946	556	3	at	at	ADP
cblr-2946	556	4	305	305	NUM
cblr-2946	556	5	(	(	PUNCT
cblr-2946	556	6	noting	note	VERB
cblr-2946	556	7	that	that	SCONJ
cblr-2946	556	8	no	no	DET
cblr-2946	556	9	corporate	corporate	ADJ
cblr-2946	556	10	issuer	issuer	NOUN
cblr-2946	556	11	pays	pay	VERB
cblr-2946	556	12	"	"	PUNCT
cblr-2946	556	13	fees	fee	NOUN
cblr-2946	556	14	approaching	approach	VERB
cblr-2946	556	15	the	the	DET
cblr-2946	556	16	same	same	ADJ
cblr-2946	556	17	order	order	NOUN
cblr-2946	556	18	of	of	ADP
cblr-2946	556	19	magnitude	magnitude	NOUN
cblr-2946	556	20	as	as	ADP
cblr-2946	556	21	the	the	DET
cblr-2946	556	22	annual	annual	ADJ
cblr-2946	556	23	multi	multi	ADJ
cblr-2946	556	24	-	-	ADJ
cblr-2946	556	25	million	million	NUM
cblr-2946	556	26	dollar	dollar	NOUN
cblr-2946	556	27	fee	fee	NOUN
cblr-2946	556	28	paid	pay	VERB
cblr-2946	556	29	by	by	ADP
cblr-2946	556	30	enron	enron	PROPN
cblr-2946	556	31	to	to	ADP
cblr-2946	556	32	arthur	arthur	PROPN
cblr-2946	556	33	andersen	andersen	PROPN
cblr-2946	556	34	"	"	PUNCT
cblr-2946	556	35	)	)	PUNCT
cblr-2946	556	36	.	.	PUNCT
cblr-2946	557	1	performed	perform	VERB
cblr-2946	557	2	the	the	DET
cblr-2946	557	3	underwriting	underwriting	NOUN
cblr-2946	557	4	function	function	NOUN
cblr-2946	557	5	on	on	ADP
cblr-2946	557	6	rmbs	rmb	NOUN
cblr-2946	557	7	deals	deal	NOUN
cblr-2946	557	8	,	,	PUNCT
cblr-2946	557	9	but	but	CCONJ
cblr-2946	557	10	twelve	twelve	NUM
cblr-2946	557	11	of	of	ADP
cblr-2946	557	12	these	these	DET
cblr-2946	557	13	arrangers	arranger	NOUN
cblr-2946	557	14	accounted	account	VERB
cblr-2946	557	15	for	for	ADP
cblr-2946	557	16	80	80	NUM
cblr-2946	557	17	%	%	NOUN
cblr-2946	557	18	of	of	ADP
cblr-2946	557	19	the	the	DET
cblr-2946	557	20	deals	deal	NOUN
cblr-2946	557	21	by	by	ADP
cblr-2946	557	22	number	number	NOUN
cblr-2946	557	23	and	and	CCONJ
cblr-2946	557	24	by	by	ADP
cblr-2946	557	25	dollar	dollar	NOUN
cblr-2946	557	26	volume	volume	NOUN
cblr-2946	557	27	.	.	PUNCT
cblr-2946	557	28	"	"	PUNCT
cblr-2946	558	1	8	8	NUM
cblr-2946	558	2	the	the	DET
cblr-2946	558	3	sec	sec	PROPN
cblr-2946	558	4	also	also	ADV
cblr-2946	558	5	found	find	VERB
cblr-2946	558	6	that	that	SCONJ
cblr-2946	558	7	for	for	ADP
cblr-2946	558	8	a	a	DET
cblr-2946	558	9	sample	sample	NOUN
cblr-2946	558	10	of	of	ADP
cblr-2946	558	11	368	368	NUM
cblr-2946	558	12	cdos	cdo	NOUN
cblr-2946	558	13	of	of	ADP
cblr-2946	558	14	rmbs	rmb	NOUN
cblr-2946	558	15	deals	deal	NOUN
cblr-2946	558	16	,	,	PUNCT
cblr-2946	558	17	twenty	twenty	NUM
cblr-2946	558	18	-	-	PUNCT
cblr-2946	558	19	six	six	NUM
cblr-2946	558	20	arrangers	arranger	NOUN
cblr-2946	558	21	performed	perform	VERB
cblr-2946	558	22	the	the	DET
cblr-2946	558	23	underwriting	underwriting	NOUN
cblr-2946	558	24	function	function	NOUN
cblr-2946	558	25	,	,	PUNCT
cblr-2946	558	26	with	with	ADP
cblr-2946	558	27	eleven	eleven	NUM
cblr-2946	558	28	accounting	account	VERB
cblr-2946	558	29	for	for	ADP
cblr-2946	558	30	92	92	NUM
cblr-2946	558	31	%	%	NOUN
cblr-2946	558	32	of	of	ADP
cblr-2946	558	33	the	the	DET
cblr-2946	558	34	deals	deal	NOUN
cblr-2946	558	35	and	and	CCONJ
cblr-2946	558	36	80	80	NUM
cblr-2946	558	37	%	%	NOUN
cblr-2946	558	38	of	of	ADP
cblr-2946	558	39	the	the	DET
cblr-2946	558	40	dollar	dollar	NOUN
cblr-2946	558	41	volume.19	volume.19	ADV
cblr-2946	558	42	moreover	moreover	ADV
cblr-2946	558	43	,	,	PUNCT
cblr-2946	558	44	the	the	DET
cblr-2946	558	45	twelve	twelve	NUM
cblr-2946	558	46	largest	large	ADJ
cblr-2946	558	47	cdo	cdo	ADJ
cblr-2946	558	48	underwriters	underwriter	NOUN
cblr-2946	558	49	were	be	AUX
cblr-2946	558	50	also	also	ADV
cblr-2946	558	51	twelve	twelve	NUM
cblr-2946	558	52	of	of	ADP
cblr-2946	558	53	the	the	DET
cblr-2946	558	54	largest	large	ADJ
cblr-2946	558	55	thirteen	thirteen	NUM
cblr-2946	558	56	rmbs	rmb	NOUN
cblr-2946	558	57	underwriters	underwriter	NOUN
cblr-2946	558	58	.	.	PUNCT
cblr-2946	559	1	60	60	NUM
cblr-2946	560	1	thus	thus	ADV
cblr-2946	560	2	,	,	PUNCT
cblr-2946	560	3	several	several	ADJ
cblr-2946	560	4	arrangers	arranger	NOUN
cblr-2946	560	5	are	be	AUX
cblr-2946	560	6	frequent	frequent	ADJ
cblr-2946	560	7	players	player	NOUN
cblr-2946	560	8	in	in	ADP
cblr-2946	560	9	the	the	DET
cblr-2946	560	10	structured	structured	ADJ
cblr-2946	560	11	finance	finance	NOUN
cblr-2946	560	12	market.16	market.16	NOUN
cblr-2946	560	13	on	on	ADP
cblr-2946	560	14	top	top	NOUN
cblr-2946	560	15	of	of	ADP
cblr-2946	560	16	this	this	DET
cblr-2946	560	17	concentration	concentration	NOUN
cblr-2946	560	18	,	,	PUNCT
cblr-2946	560	19	cras	cras	PROPN
cblr-2946	560	20	typically	typically	ADV
cblr-2946	560	21	charge	charge	VERB
cblr-2946	560	22	higher	high	ADJ
cblr-2946	560	23	fees	fee	NOUN
cblr-2946	560	24	on	on	ADP
cblr-2946	560	25	asset	asset	NOUN
cblr-2946	560	26	securitizations	securitization	NOUN
cblr-2946	560	27	given	give	VERB
cblr-2946	560	28	their	their	PRON
cblr-2946	560	29	complexity	complexity	NOUN
cblr-2946	560	30	.	.	PUNCT
cblr-2946	561	1	while	while	SCONJ
cblr-2946	561	2	moody	moody	PROPN
cblr-2946	561	3	's	's	PART
cblr-2946	561	4	reportedly	reportedly	ADV
cblr-2946	561	5	charges	charge	VERB
cblr-2946	561	6	$	$	SYM
cblr-2946	561	7	10,000	10,000	NUM
cblr-2946	561	8	to	to	PART
cblr-2946	561	9	$	$	SYM
cblr-2946	561	10	25,000	25,000	NUM
cblr-2946	561	11	on	on	ADP
cblr-2946	561	12	a	a	DET
cblr-2946	561	13	traditional	traditional	ADJ
cblr-2946	561	14	issuance	issuance	NOUN
cblr-2946	561	15	,	,	PUNCT
cblr-2946	561	16	depending	depend	VERB
cblr-2946	561	17	on	on	ADP
cblr-2946	561	18	its	its	PRON
cblr-2946	561	19	size	size	NOUN
cblr-2946	561	20	,	,	PUNCT
cblr-2946	561	21	a	a	DET
cblr-2946	561	22	complex	complex	ADJ
cblr-2946	561	23	deal	deal	NOUN
cblr-2946	561	24	may	may	AUX
cblr-2946	561	25	result	result	VERB
cblr-2946	561	26	in	in	ADP
cblr-2946	561	27	a	a	DET
cblr-2946	561	28	fee	fee	NOUN
cblr-2946	561	29	of	of	ADP
cblr-2946	561	30	$	$	SYM
cblr-2946	561	31	90,000.162	90,000.162	NOUN
cblr-2946	561	32	the	the	DET
cblr-2946	561	33	result	result	NOUN
cblr-2946	561	34	is	be	AUX
cblr-2946	561	35	that	that	SCONJ
cblr-2946	561	36	certain	certain	ADJ
cblr-2946	561	37	clients	client	NOUN
cblr-2946	561	38	may	may	AUX
cblr-2946	561	39	contribute	contribute	VERB
cblr-2946	561	40	materially	materially	ADV
cblr-2946	561	41	to	to	ADP
cblr-2946	561	42	a	a	DET
cblr-2946	561	43	cra	cra	PROPN
cblr-2946	561	44	's	's	PART
cblr-2946	561	45	structured	structured	ADJ
cblr-2946	561	46	finance	finance	NOUN
cblr-2946	561	47	revenue	revenue	NOUN
cblr-2946	561	48	base	base	NOUN
cblr-2946	561	49	.	.	PUNCT
cblr-2946	562	1	163	163	NUM
cblr-2946	562	2	importantly	importantly	ADV
cblr-2946	562	3	,	,	PUNCT
cblr-2946	562	4	the	the	DET
cblr-2946	562	5	underwriter	underwriter	NOUN
cblr-2946	562	6	of	of	ADP
cblr-2946	562	7	the	the	DET
cblr-2946	562	8	deal	deal	NOUN
cblr-2946	562	9	has	have	VERB
cblr-2946	562	10	significant	significant	ADJ
cblr-2946	562	11	influence	influence	NOUN
cblr-2946	562	12	over	over	ADP
cblr-2946	562	13	which	which	PRON
cblr-2946	562	14	cras	cras	PROPN
cblr-2946	562	15	rate	rate	VERB
cblr-2946	562	16	their	their	PRON
cblr-2946	562	17	deals	deal	NOUN
cblr-2946	562	18	.	.	PUNCT
cblr-2946	563	1	66	66	NUM
cblr-2946	563	2	a	a	DET
cblr-2946	563	3	cra	cra	PROPN
cblr-2946	563	4	may	may	AUX
cblr-2946	563	5	logically	logically	ADV
cblr-2946	563	6	choose	choose	VERB
cblr-2946	563	7	to	to	PART
cblr-2946	563	8	inflate	inflate	VERB
cblr-2946	563	9	its	its	PRON
cblr-2946	563	10	ratings	rating	NOUN
cblr-2946	563	11	to	to	PART
cblr-2946	563	12	appease	appease	VERB
cblr-2946	563	13	a	a	DET
cblr-2946	563	14	client	client	NOUN
cblr-2946	563	15	that	that	PRON
cblr-2946	563	16	provides	provide	VERB
cblr-2946	563	17	the	the	DET
cblr-2946	563	18	agency	agency	NOUN
cblr-2946	563	19	with	with	ADP
cblr-2946	563	20	a	a	DET
cblr-2946	563	21	material	material	NOUN
cblr-2946	563	22	amount	amount	NOUN
cblr-2946	563	23	of	of	ADP
cblr-2946	563	24	its	its	PRON
cblr-2946	563	25	structured	structured	ADJ
cblr-2946	563	26	finance	finance	NOUN
cblr-2946	563	27	revenues	revenue	NOUN
cblr-2946	563	28	,	,	PUNCT
cblr-2946	563	29	particularly	particularly	ADV
cblr-2946	563	30	as	as	SCONJ
cblr-2946	563	31	structured	structure	VERB
cblr-2946	563	32	finance	finance	NOUN
cblr-2946	563	33	becomes	become	VERB
cblr-2946	563	34	a	a	DET
cblr-2946	563	35	more	more	ADV
cblr-2946	563	36	important	important	ADJ
cblr-2946	563	37	component	component	NOUN
cblr-2946	563	38	of	of	ADP
cblr-2946	563	39	the	the	DET
cblr-2946	563	40	company	company	NOUN
cblr-2946	563	41	's	's	PART
cblr-2946	563	42	overall	overall	ADJ
cblr-2946	563	43	revenue	revenue	NOUN
cblr-2946	563	44	stream	stream	NOUN
cblr-2946	563	45	.	.	PUNCT
cblr-2946	564	1	3	3	X
cblr-2946	564	2	.	.	X
cblr-2946	564	3	the	the	DET
cblr-2946	564	4	structured	structured	ADJ
cblr-2946	564	5	finance	finance	NOUN
cblr-2946	564	6	ratings	rating	NOUN
cblr-2946	564	7	process	process	NOUN
cblr-2946	564	8	many	many	ADJ
cblr-2946	564	9	commentators	commentator	NOUN
cblr-2946	564	10	have	have	AUX
cblr-2946	564	11	noted	note	VERB
cblr-2946	564	12	the	the	DET
cblr-2946	564	13	close	close	ADJ
cblr-2946	564	14	interaction	interaction	NOUN
cblr-2946	564	15	that	that	PRON
cblr-2946	564	16	occurs	occur	VERB
cblr-2946	564	17	between	between	ADP
cblr-2946	564	18	the	the	DET
cblr-2946	564	19	arranger	arranger	NOUN
cblr-2946	564	20	and	and	CCONJ
cblr-2946	564	21	the	the	DET
cblr-2946	564	22	cra	cra	PROPN
cblr-2946	564	23	hired	hire	VERB
cblr-2946	564	24	to	to	PART
cblr-2946	564	25	rate	rate	VERB
cblr-2946	564	26	the	the	DET
cblr-2946	564	27	158	158	NUM
cblr-2946	564	28	sec	sec	PROPN
cblr-2946	564	29	july	july	PROPN
cblr-2946	564	30	2008	2008	NUM
cblr-2946	564	31	report	report	NOUN
cblr-2946	564	32	,	,	PUNCT
cblr-2946	564	33	supra	supra	PROPN
cblr-2946	564	34	note	note	NOUN
cblr-2946	564	35	47	47	NUM
cblr-2946	564	36	,	,	PUNCT
cblr-2946	564	37	at	at	ADP
cblr-2946	564	38	32	32	NUM
cblr-2946	564	39	.	.	PUNCT
cblr-2946	565	1	159	159	NUM
cblr-2946	566	1	i	i	PRON
cblr-2946	566	2	d.	d.	PROPN
cblr-2946	566	3	160	160	NUM
cblr-2946	566	4	i	i	PRON
cblr-2946	566	5	d.	d.	PROPN
cblr-2946	566	6	161	161	NUM
cblr-2946	566	7	see	see	VERB
cblr-2946	566	8	coffee	coffee	NOUN
cblr-2946	566	9	,	,	PUNCT
cblr-2946	566	10	supra	supra	PROPN
cblr-2946	566	11	note	note	NOUN
cblr-2946	566	12	31	31	NUM
cblr-2946	566	13	(	(	PUNCT
cblr-2946	566	14	commenting	comment	VERB
cblr-2946	566	15	on	on	ADP
cblr-2946	566	16	the	the	DET
cblr-2946	566	17	frequency	frequency	NOUN
cblr-2946	566	18	with	with	ADP
cblr-2946	566	19	which	which	PRON
cblr-2946	566	20	investment	investment	NOUN
cblr-2946	566	21	banks	bank	NOUN
cblr-2946	566	22	brought	bring	VERB
cblr-2946	566	23	asset	asset	NOUN
cblr-2946	566	24	securitizations	securitization	NOUN
cblr-2946	566	25	to	to	ADP
cblr-2946	566	26	market	market	NOUN
cblr-2946	566	27	after	after	ADP
cblr-2946	566	28	2000	2000	NUM
cblr-2946	566	29	)	)	PUNCT
cblr-2946	566	30	.	.	PUNCT
cblr-2946	567	1	162	162	NUM
cblr-2946	567	2	coffee	coffee	NOUN
cblr-2946	567	3	,	,	PUNCT
cblr-2946	567	4	supra	supra	PROPN
cblr-2946	567	5	note	note	NOUN
cblr-2946	567	6	7	7	NUM
cblr-2946	567	7	,	,	PUNCT
cblr-2946	567	8	at	at	ADP
cblr-2946	567	9	296	296	NUM
cblr-2946	567	10	-	-	SYM
cblr-2946	567	11	97	97	NUM
cblr-2946	567	12	(	(	PUNCT
cblr-2946	567	13	noting	note	VERB
cblr-2946	567	14	that	that	SCONJ
cblr-2946	567	15	agency	agency	NOUN
cblr-2946	567	16	fees	fee	NOUN
cblr-2946	567	17	on	on	ADP
cblr-2946	567	18	asset	asset	NOUN
cblr-2946	567	19	securitizations	securitization	NOUN
cblr-2946	567	20	are	be	AUX
cblr-2946	567	21	typically	typically	ADV
cblr-2946	567	22	higher	high	ADJ
cblr-2946	567	23	)	)	PUNCT
cblr-2946	567	24	;	;	PUNCT
cblr-2946	567	25	i	i	PRON
cblr-2946	567	26	d.	d.	PROPN
cblr-2946	567	27	at	at	ADP
cblr-2946	567	28	309	309	NUM
cblr-2946	567	29	n.15	n.15	NOUN
cblr-2946	567	30	(	(	PUNCT
cblr-2946	567	31	stating	state	VERB
cblr-2946	567	32	that	that	DET
cblr-2946	567	33	fee	fee	NOUN
cblr-2946	567	34	of	of	ADP
cblr-2946	567	35	$	$	SYM
cblr-2946	567	36	90,000	90,000	NUM
cblr-2946	567	37	not	not	PART
cblr-2946	567	38	uncommon	uncommon	ADJ
cblr-2946	567	39	for	for	ADP
cblr-2946	567	40	complex	complex	ADJ
cblr-2946	567	41	deals	deal	NOUN
cblr-2946	567	42	)	)	PUNCT
cblr-2946	567	43	.	.	PUNCT
cblr-2946	568	1	"	"	PUNCT
cblr-2946	568	2	8	8	NUM
cblr-2946	568	3	coffee	coffee	NOUN
cblr-2946	568	4	,	,	PUNCT
cblr-2946	568	5	supra	supra	PROPN
cblr-2946	568	6	note	note	NOUN
cblr-2946	568	7	2	2	NUM
cblr-2946	568	8	(	(	PUNCT
cblr-2946	568	9	"	"	PUNCT
cblr-2946	568	10	[	[	X
cblr-2946	568	11	tlhe	tlhe	NOUN
cblr-2946	568	12	investment	investment	NOUN
cblr-2946	568	13	bank	bank	NOUN
cblr-2946	568	14	is	be	AUX
cblr-2946	568	15	a	a	DET
cblr-2946	568	16	repeat	repeat	NOUN
cblr-2946	568	17	player	player	NOUN
cblr-2946	568	18	that	that	PRON
cblr-2946	568	19	accounts	account	VERB
cblr-2946	568	20	for	for	ADP
cblr-2946	568	21	a	a	DET
cblr-2946	568	22	material	material	NOUN
cblr-2946	568	23	share	share	NOUN
cblr-2946	568	24	of	of	ADP
cblr-2946	568	25	the	the	DET
cblr-2946	568	26	rating	rating	NOUN
cblr-2946	568	27	agency	agency	NOUN
cblr-2946	568	28	's	's	PART
cblr-2946	568	29	structured	structured	ADJ
cblr-2946	568	30	finance	finance	NOUN
cblr-2946	568	31	revenues	revenue	NOUN
cblr-2946	568	32	and	and	CCONJ
cblr-2946	568	33	that	that	PRON
cblr-2946	568	34	could	could	AUX
cblr-2946	568	35	take	take	VERB
cblr-2946	568	36	that	that	DET
cblr-2946	568	37	business	business	NOUN
cblr-2946	568	38	elsewhere	elsewhere	ADV
cblr-2946	568	39	.	.	PUNCT
cblr-2946	568	40	'	'	PUNCT
cblr-2946	568	41	)	)	PUNCT
cblr-2946	568	42	.	.	PUNCT
cblr-2946	569	1	164	164	NUM
cblr-2946	569	2	sec	sec	PROPN
cblr-2946	569	3	july	july	PROPN
cblr-2946	569	4	2008	2008	NUM
cblr-2946	569	5	report	report	NOUN
cblr-2946	569	6	,	,	PUNCT
cblr-2946	569	7	supra	supra	PROPN
cblr-2946	569	8	note	note	NOUN
cblr-2946	569	9	47	47	NUM
cblr-2946	569	10	,	,	PUNCT
cblr-2946	569	11	at	at	ADP
cblr-2946	569	12	31	31	NUM
cblr-2946	569	13	.	.	PUNCT
cblr-2946	570	1	col	col	PROPN
cblr-2946	570	2	umbia	umbia	PROPN
cblr-2946	570	3	b	b	PROPN
cblr-2946	570	4	usiness	usiness	PROPN
cblr-2946	570	5	la	la	PROPN
cblr-2946	570	6	w	w	PROPN
cblr-2946	570	7	re	re	PROPN
cblr-2946	570	8	vie	vie	PROPN
cblr-2946	570	9	w	w	PROPN
cblr-2946	571	1	[	[	X
cblr-2946	571	2	vol	vol	NOUN
cblr-2946	571	3	.	.	PUNCT
cblr-2946	571	4	2009	2009	NUM
cblr-2946	571	5	no	no	NOUN
cblr-2946	571	6	.	.	PUNCT
cblr-2946	572	1	2:605	2:605	NUM
cblr-2946	572	2	]	]	X
cblr-2946	572	3	credit	credit	NOUN
cblr-2946	572	4	ra	ra	PROPN
cblr-2946	572	5	ting	ting	PROPN
cblr-2946	572	6	agencies	agency	NOUN
cblr-2946	572	7	and	and	CCONJ
cblr-2946	572	8	the	the	DET
cblr-2946	572	9	credit	credit	NOUN
cblr-2946	572	10	crisis	crisis	NOUN
cblr-2946	572	11	641	641	NUM
cblr-2946	572	12	deal	deal	NOUN
cblr-2946	572	13	.	.	PUNCT
cblr-2946	573	1	'65	'65	NUM
cblr-2946	573	2	securitizations	securitization	NOUN
cblr-2946	573	3	are	be	AUX
cblr-2946	573	4	ratings	rating	NOUN
cblr-2946	573	5	driven	drive	VERB
cblr-2946	573	6	transactions	transaction	NOUN
cblr-2946	573	7	;	;	PUNCT
cblr-2946	573	8	if	if	SCONJ
cblr-2946	573	9	the	the	DET
cblr-2946	573	10	structurer	structurer	NOUN
cblr-2946	573	11	can	can	AUX
cblr-2946	573	12	not	not	PART
cblr-2946	573	13	achieve	achieve	VERB
cblr-2946	573	14	the	the	DET
cblr-2946	573	15	desired	desire	VERB
cblr-2946	573	16	ratings	rating	NOUN
cblr-2946	573	17	,	,	PUNCT
cblr-2946	573	18	the	the	DET
cblr-2946	573	19	transaction	transaction	NOUN
cblr-2946	573	20	does	do	AUX
cblr-2946	573	21	not	not	PART
cblr-2946	573	22	go	go	VERB
cblr-2946	573	23	forward	forward	ADV
cblr-2946	573	24	.	.	PUNCT
cblr-2946	574	1	16	16	NUM
cblr-2946	575	1	thus	thus	ADV
cblr-2946	575	2	,	,	PUNCT
cblr-2946	575	3	a	a	DET
cblr-2946	575	4	process	process	NOUN
cblr-2946	575	5	has	have	AUX
cblr-2946	575	6	apparently	apparently	ADV
cblr-2946	575	7	developed	develop	VERB
cblr-2946	575	8	where	where	SCONJ
cblr-2946	575	9	the	the	DET
cblr-2946	575	10	rating	rating	NOUN
cblr-2946	575	11	agency	agency	NOUN
cblr-2946	575	12	and	and	CCONJ
cblr-2946	575	13	arranger	arranger	NOUN
cblr-2946	575	14	have	have	VERB
cblr-2946	575	15	a	a	DET
cblr-2946	575	16	back	back	VERB
cblr-2946	575	17	-	-	PUNCT
cblr-2946	575	18	and	and	CCONJ
cblr-2946	575	19	-	-	PUNCT
cblr-2946	575	20	forth	forth	NOUN
cblr-2946	575	21	dialogue	dialogue	NOUN
cblr-2946	575	22	which	which	PRON
cblr-2946	575	23	allows	allow	VERB
cblr-2946	575	24	the	the	DET
cblr-2946	575	25	arranger	arranger	NOUN
cblr-2946	575	26	to	to	PART
cblr-2946	575	27	adjust	adjust	VERB
cblr-2946	575	28	the	the	DET
cblr-2946	575	29	transaction	transaction	NOUN
cblr-2946	575	30	in	in	ADP
cblr-2946	575	31	order	order	NOUN
cblr-2946	575	32	to	to	PART
cblr-2946	575	33	achieve	achieve	VERB
cblr-2946	575	34	the	the	DET
cblr-2946	575	35	necessary	necessary	ADJ
cblr-2946	575	36	rating.67	rating.67	NOUN
cblr-2946	575	37	it	it	PRON
cblr-2946	575	38	does	do	AUX
cblr-2946	575	39	not	not	PART
cblr-2946	575	40	appear	appear	VERB
cblr-2946	575	41	that	that	SCONJ
cblr-2946	575	42	there	there	PRON
cblr-2946	575	43	is	be	VERB
cblr-2946	575	44	another	another	DET
cblr-2946	575	45	type	type	NOUN
cblr-2946	575	46	of	of	ADP
cblr-2946	575	47	asset	asset	NOUN
cblr-2946	575	48	class	class	NOUN
cblr-2946	575	49	for	for	ADP
cblr-2946	575	50	which	which	PRON
cblr-2946	575	51	cras	cras	PROPN
cblr-2946	575	52	may	may	AUX
cblr-2946	575	53	be	be	AUX
cblr-2946	575	54	so	so	ADV
cblr-2946	575	55	severe	severe	ADJ
cblr-2946	575	56	a	a	DET
cblr-2946	575	57	bottleneck	bottleneck	NOUN
cblr-2946	575	58	for	for	ADP
cblr-2946	575	59	an	an	DET
cblr-2946	575	60	issuer	issuer	NOUN
cblr-2946	575	61	seeking	seek	VERB
cblr-2946	575	62	to	to	PART
cblr-2946	575	63	accomplish	accomplish	VERB
cblr-2946	575	64	a	a	DET
cblr-2946	575	65	transaction	transaction	NOUN
cblr-2946	575	66	.	.	PUNCT
cblr-2946	576	1	reports	report	NOUN
cblr-2946	576	2	suggest	suggest	VERB
cblr-2946	576	3	that	that	SCONJ
cblr-2946	576	4	ratings	rating	NOUN
cblr-2946	576	5	shopping	shopping	NOUN
cblr-2946	576	6	has	have	AUX
cblr-2946	576	7	been	be	AUX
cblr-2946	576	8	prevalent	prevalent	ADJ
cblr-2946	576	9	;	;	PUNCT
cblr-2946	576	10	if	if	SCONJ
cblr-2946	576	11	an	an	DET
cblr-2946	576	12	underwriter	underwriter	NOUN
cblr-2946	576	13	does	do	AUX
cblr-2946	576	14	not	not	PART
cblr-2946	576	15	get	get	VERB
cblr-2946	576	16	the	the	DET
cblr-2946	576	17	ratings	rating	NOUN
cblr-2946	576	18	it	it	PRON
cblr-2946	576	19	wants	want	VERB
cblr-2946	576	20	from	from	ADP
cblr-2946	576	21	one	one	NUM
cblr-2946	576	22	cra	cra	NOUN
cblr-2946	576	23	,	,	PUNCT
cblr-2946	576	24	it	it	PRON
cblr-2946	576	25	will	will	AUX
cblr-2946	576	26	try	try	VERB
cblr-2946	576	27	to	to	PART
cblr-2946	576	28	have	have	VERB
cblr-2946	576	29	another	another	DET
cblr-2946	576	30	cra	cra	PROPN
cblr-2946	576	31	rate	rate	NOUN
cblr-2946	576	32	the	the	DET
cblr-2946	576	33	security	security	NOUN
cblr-2946	576	34	.	.	PUNCT
cblr-2946	577	1	'68	'68	X
cblr-2946	577	2	this	this	PRON
cblr-2946	577	3	is	be	AUX
cblr-2946	577	4	particularly	particularly	ADV
cblr-2946	577	5	problematic	problematic	ADJ
cblr-2946	577	6	because	because	SCONJ
cblr-2946	577	7	a	a	DET
cblr-2946	577	8	cra	cra	PROPN
cblr-2946	577	9	is	be	AUX
cblr-2946	577	10	usually	usually	ADV
cblr-2946	577	11	only	only	ADV
cblr-2946	577	12	paid	pay	VERB
cblr-2946	577	13	if	if	SCONJ
cblr-2946	577	14	it	it	PRON
cblr-2946	577	15	actually	actually	ADV
cblr-2946	577	16	issues	issue	VERB
cblr-2946	577	17	the	the	DET
cblr-2946	577	18	rating	rating	NOUN
cblr-2946	577	19	,	,	PUNCT
cblr-2946	577	20	although	although	SCONJ
cblr-2946	577	21	it	it	PRON
cblr-2946	577	22	may	may	AUX
cblr-2946	577	23	receive	receive	VERB
cblr-2946	577	24	a	a	DET
cblr-2946	577	25	fee	fee	NOUN
cblr-2946	577	26	if	if	SCONJ
cblr-2946	577	27	it	it	PRON
cblr-2946	577	28	completed	complete	VERB
cblr-2946	577	29	work	work	NOUN
cblr-2946	577	30	but	but	CCONJ
cblr-2946	577	31	did	do	AUX
cblr-2946	577	32	not	not	PART
cblr-2946	577	33	release	release	VERB
cblr-2946	577	34	a	a	DET
cblr-2946	577	35	rating	rating	NOUN
cblr-2946	577	36	.	.	PUNCT
cblr-2946	578	1	169	169	NUM
cblr-2946	578	2	data	datum	NOUN
cblr-2946	578	3	suggests	suggest	VERB
cblr-2946	578	4	underwriters	underwriter	NOUN
cblr-2946	578	5	are	be	AUX
cblr-2946	578	6	sensitive	sensitive	ADJ
cblr-2946	578	7	to	to	ADP
cblr-2946	578	8	ratings	rating	NOUN
cblr-2946	578	9	criteria	criterion	NOUN
cblr-2946	578	10	when	when	SCONJ
cblr-2946	578	11	choosing	choose	VERB
cblr-2946	578	12	a	a	DET
cblr-2946	578	13	cra	cra	NOUN
cblr-2946	578	14	,	,	PUNCT
cblr-2946	578	15	as	as	SCONJ
cblr-2946	578	16	moody	moody	PROPN
cblr-2946	578	17	's	's	PART
cblr-2946	578	18	reported	report	VERB
cblr-2946	578	19	that	that	SCONJ
cblr-2946	578	20	its	its	PRON
cblr-2946	578	21	market	market	NOUN
cblr-2946	578	22	share	share	NOUN
cblr-2946	578	23	declined	decline	VERB
cblr-2946	578	24	from	from	ADP
cblr-2946	578	25	75	75	NUM
cblr-2946	578	26	%	%	NOUN
cblr-2946	578	27	to	to	PART
cblr-2946	578	28	25	25	NUM
cblr-2946	578	29	%	%	NOUN
cblr-2946	578	30	when	when	SCONJ
cblr-2946	578	31	it	it	PRON
cblr-2946	578	32	increased	increase	VERB
cblr-2946	578	33	its	its	PRON
cblr-2946	578	34	rating	rating	NOUN
cblr-2946	578	35	standards	standard	NOUN
cblr-2946	578	36	.	.	PUNCT
cblr-2946	579	1	170	170	NUM
cblr-2946	579	2	for	for	ADP
cblr-2946	579	3	the	the	DET
cblr-2946	579	4	arranger	arranger	NOUN
cblr-2946	579	5	,	,	PUNCT
cblr-2946	579	6	switching	switch	VERB
cblr-2946	579	7	rating	rating	NOUN
cblr-2946	579	8	agencies	agency	NOUN
cblr-2946	579	9	is	be	AUX
cblr-2946	579	10	low	low	ADJ
cblr-2946	579	11	visibility	visibility	NOUN
cblr-2946	579	12	and	and	CCONJ
cblr-2946	579	13	appears	appear	VERB
cblr-2946	579	14	nearly	nearly	ADV
cblr-2946	579	15	costless	costless	ADJ
cblr-2946	579	16	.	.	PUNCT
cblr-2946	579	17	'	'	PUNCT
cblr-2946	580	1	7	7	NUM
cblr-2946	580	2	'	'	PUNCT
cblr-2946	580	3	thus	thus	ADV
cblr-2946	580	4	,	,	PUNCT
cblr-2946	580	5	arrangers	arranger	NOUN
cblr-2946	580	6	can	can	AUX
cblr-2946	580	7	credibly	credibly	ADV
cblr-2946	580	8	threaten	threaten	VERB
cblr-2946	580	9	to	to	PART
cblr-2946	580	10	remove	remove	VERB
cblr-2946	580	11	165	165	NUM
cblr-2946	580	12	coffee	coffee	NOUN
cblr-2946	580	13	,	,	PUNCT
cblr-2946	580	14	supra	supra	PROPN
cblr-2946	580	15	note	note	NOUN
cblr-2946	580	16	2	2	NUM
cblr-2946	580	17	(	(	PUNCT
cblr-2946	580	18	"	"	PUNCT
cblr-2946	580	19	[	[	X
cblr-2946	580	20	tihe	tihe	ADJ
cblr-2946	580	21	relationship	relationship	NOUN
cblr-2946	580	22	between	between	ADP
cblr-2946	580	23	the	the	DET
cblr-2946	580	24	ratings	rating	NOUN
cblr-2946	580	25	agency	agency	NOUN
cblr-2946	580	26	and	and	CCONJ
cblr-2946	580	27	the	the	DET
cblr-2946	580	28	investment	investment	NOUN
cblr-2946	580	29	bank	bank	NOUN
cblr-2946	580	30	becomes	become	VERB
cblr-2946	580	31	close	close	ADJ
cblr-2946	580	32	to	to	ADP
cblr-2946	580	33	the	the	DET
cblr-2946	580	34	point	point	NOUN
cblr-2946	580	35	of	of	ADP
cblr-2946	580	36	incestuousness	incestuousness	NOUN
cblr-2946	580	37	.	.	PUNCT
cblr-2946	580	38	"	"	PUNCT
cblr-2946	580	39	)	)	PUNCT
cblr-2946	580	40	.	.	PUNCT
cblr-2946	581	1	16	16	NUM
cblr-2946	581	2	hill	hill	NOUN
cblr-2946	581	3	,	,	PUNCT
cblr-2946	581	4	supra	supra	PROPN
cblr-2946	581	5	note	note	PROPN
cblr-2946	581	6	7	7	NUM
cblr-2946	581	7	,	,	PUNCT
cblr-2946	581	8	at	at	ADP
cblr-2946	581	9	49	49	NUM
cblr-2946	581	10	.	.	PUNCT
cblr-2946	582	1	167	167	NUM
cblr-2946	582	2	coffee	coffee	NOUN
cblr-2946	582	3	,	,	PUNCT
cblr-2946	582	4	supra	supra	PROPN
cblr-2946	582	5	note	note	NOUN
cblr-2946	582	6	2	2	NUM
cblr-2946	582	7	(	(	PUNCT
cblr-2946	582	8	"	"	PUNCT
cblr-2946	582	9	if	if	SCONJ
cblr-2946	582	10	the	the	DET
cblr-2946	582	11	ratings	rating	NOUN
cblr-2946	582	12	agency	agency	NOUN
cblr-2946	582	13	will	will	AUX
cblr-2946	582	14	not	not	PART
cblr-2946	582	15	deliver	deliver	VERB
cblr-2946	582	16	the	the	DET
cblr-2946	582	17	desired	desire	VERB
cblr-2946	582	18	investment	investment	NOUN
cblr-2946	582	19	grade	grade	NOUN
cblr-2946	582	20	rating	rating	NOUN
cblr-2946	582	21	on	on	ADP
cblr-2946	582	22	the	the	DET
cblr-2946	582	23	first	first	ADJ
cblr-2946	582	24	request	request	NOUN
cblr-2946	582	25	,	,	PUNCT
cblr-2946	582	26	the	the	DET
cblr-2946	582	27	investment	investment	NOUN
cblr-2946	582	28	bank	bank	NOUN
cblr-2946	582	29	will	will	AUX
cblr-2946	582	30	ask	ask	VERB
cblr-2946	582	31	what	what	PRON
cblr-2946	582	32	more	more	ADJ
cblr-2946	582	33	must	must	AUX
cblr-2946	582	34	it	it	PRON
cblr-2946	582	35	do	do	VERB
cblr-2946	582	36	.	.	PUNCT
cblr-2946	583	1	gradually	gradually	ADV
cblr-2946	583	2	,	,	PUNCT
cblr-2946	583	3	the	the	DET
cblr-2946	583	4	securitized	securitized	ADJ
cblr-2946	583	5	pool	pool	NOUN
cblr-2946	583	6	of	of	ADP
cblr-2946	583	7	assets	asset	NOUN
cblr-2946	583	8	is	be	AUX
cblr-2946	583	9	improved	improve	VERB
cblr-2946	583	10	and	and	CCONJ
cblr-2946	583	11	'	'	PUNCT
cblr-2946	583	12	sweetened	sweeten	VERB
cblr-2946	583	13	'	'	PUNCT
cblr-2946	583	14	until	until	SCONJ
cblr-2946	583	15	it	it	PRON
cblr-2946	583	16	just	just	ADV
cblr-2946	583	17	makes	make	VERB
cblr-2946	583	18	it	it	PRON
cblr-2946	583	19	over	over	ADP
cblr-2946	583	20	the	the	DET
cblr-2946	583	21	'	'	PUNCT
cblr-2946	583	22	investment	investment	NOUN
cblr-2946	583	23	grade	grade	NOUN
cblr-2946	583	24	'	'	PUNCT
cblr-2946	583	25	line	line	NOUN
cblr-2946	583	26	.	.	PUNCT
cblr-2946	584	1	"	"	PUNCT
cblr-2946	584	2	)	)	PUNCT
cblr-2946	584	3	.	.	PUNCT
cblr-2946	585	1	16	16	NUM
cblr-2946	585	2	lucchetti	lucchetti	PROPN
cblr-2946	585	3	,	,	PUNCT
cblr-2946	585	4	supra	supra	PROPN
cblr-2946	585	5	note	note	VERB
cblr-2946	585	6	148	148	NUM
cblr-2946	585	7	(	(	PUNCT
cblr-2946	585	8	"	"	PUNCT
cblr-2946	585	9	issuers	issuer	NOUN
cblr-2946	585	10	often	often	ADV
cblr-2946	585	11	work	work	VERB
cblr-2946	585	12	with	with	ADP
cblr-2946	585	13	the	the	DET
cblr-2946	585	14	rating	rating	NOUN
cblr-2946	585	15	firms	firm	NOUN
cblr-2946	585	16	to	to	PART
cblr-2946	585	17	restructure	restructure	VERB
cblr-2946	585	18	the	the	DET
cblr-2946	585	19	securities	security	NOUN
cblr-2946	585	20	that	that	PRON
cblr-2946	585	21	are	be	AUX
cblr-2946	585	22	deemed	deem	VERB
cblr-2946	585	23	high	high	ADJ
cblr-2946	585	24	-	-	PUNCT
cblr-2946	585	25	risk	risk	NOUN
cblr-2946	585	26	,	,	PUNCT
cblr-2946	585	27	or	or	CCONJ
cblr-2946	585	28	even	even	ADV
cblr-2946	585	29	attempt	attempt	VERB
cblr-2946	585	30	to	to	PART
cblr-2946	585	31	get	get	VERB
cblr-2946	585	32	another	another	DET
cblr-2946	585	33	firm	firm	NOUN
cblr-2946	585	34	to	to	PART
cblr-2946	585	35	rate	rate	VERB
cblr-2946	585	36	the	the	DET
cblr-2946	585	37	bonds	bond	NOUN
cblr-2946	585	38	.	.	PUNCT
cblr-2946	585	39	"	"	PUNCT
cblr-2946	585	40	)	)	PUNCT
cblr-2946	585	41	.	.	PUNCT
cblr-2946	586	1	169	169	NUM
cblr-2946	586	2	sec	sec	PROPN
cblr-2946	586	3	july	july	PROPN
cblr-2946	586	4	2008	2008	NUM
cblr-2946	586	5	report	report	NOUN
cblr-2946	586	6	,	,	PUNCT
cblr-2946	586	7	supra	supra	PROPN
cblr-2946	586	8	note	note	NOUN
cblr-2946	586	9	47	47	NUM
cblr-2946	586	10	,	,	PUNCT
cblr-2946	586	11	at	at	ADP
cblr-2946	586	12	9	9	NUM
cblr-2946	586	13	.	.	NOUN
cblr-2946	586	14	170	170	NUM
cblr-2946	586	15	lucchetti	lucchetti	PROPN
cblr-2946	586	16	,	,	PUNCT
cblr-2946	586	17	supra	supra	PROPN
cblr-2946	586	18	note	note	NOUN
cblr-2946	586	19	148	148	NUM
cblr-2946	586	20	.	.	PUNCT
cblr-2946	587	1	171	171	NUM
cblr-2946	587	2	coffee	coffee	NOUN
cblr-2946	587	3	,	,	PUNCT
cblr-2946	587	4	mortgage	mortgage	NOUN
cblr-2946	587	5	meltdown	meltdown	NOUN
cblr-2946	587	6	,	,	PUNCT
cblr-2946	587	7	supra	supra	PROPN
cblr-2946	587	8	note	note	NOUN
cblr-2946	587	9	9	9	NUM
cblr-2946	587	10	(	(	PUNCT
cblr-2946	587	11	"	"	PUNCT
cblr-2946	587	12	[	[	X
cblr-2946	587	13	f]iring	f]ire	VERB
cblr-2946	587	14	an	an	DET
cblr-2946	587	15	auditor	auditor	NOUN
cblr-2946	587	16	is	be	AUX
cblr-2946	587	17	difficult	difficult	ADJ
cblr-2946	587	18	because	because	SCONJ
cblr-2946	587	19	sec	sec	PROPN
cblr-2946	587	20	rules	rule	NOUN
cblr-2946	587	21	require	require	VERB
cblr-2946	587	22	full	full	ADJ
cblr-2946	587	23	disclosure	disclosure	NOUN
cblr-2946	587	24	and	and	CCONJ
cblr-2946	587	25	permit	permit	VERB
cblr-2946	587	26	the	the	DET
cblr-2946	587	27	auditor	auditor	NOUN
cblr-2946	587	28	to	to	PART
cblr-2946	587	29	comment	comment	VERB
cblr-2946	587	30	.	.	PUNCT
cblr-2946	588	1	precisely	precisely	ADV
cblr-2946	588	2	because	because	SCONJ
cblr-2946	588	3	issuers	issuer	NOUN
cblr-2946	588	4	usually	usually	ADV
cblr-2946	588	5	hire	hire	VERB
cblr-2946	588	6	multiple	multiple	ADJ
cblr-2946	588	7	rating	rating	NOUN
cblr-2946	588	8	agencies	agency	NOUN
cblr-2946	588	9	,	,	PUNCT
cblr-2946	588	10	they	they	PRON
cblr-2946	588	11	can	can	AUX
cblr-2946	588	12	drop	drop	VERB
cblr-2946	588	13	one	one	NUM
cblr-2946	588	14	with	with	ADP
cblr-2946	588	15	less	less	ADJ
cblr-2946	588	16	visibility	visibility	NOUN
cblr-2946	588	17	or	or	CCONJ
cblr-2946	588	18	adverse	adverse	ADJ
cblr-2946	588	19	consequences	consequence	NOUN
cblr-2946	588	20	....	....	PUNCT
cblr-2946	588	21	in	in	ADP
cblr-2946	588	22	short	short	ADJ
cblr-2946	588	23	,	,	PUNCT
cblr-2946	588	24	business	business	NOUN
cblr-2946	588	25	in	in	ADP
cblr-2946	588	26	the	the	DET
cblr-2946	588	27	market	market	NOUN
cblr-2946	588	28	for	for	ADP
cblr-2946	588	29	ratings	rating	NOUN
cblr-2946	588	30	is	be	AUX
cblr-2946	588	31	mobile	mobile	ADJ
cblr-2946	588	32	,	,	PUNCT
cblr-2946	588	33	retaliation	retaliation	NOUN
cblr-2946	588	34	is	be	AUX
cblr-2946	588	35	columbia	columbia	PROPN
cblr-2946	588	36	business	business	NOUN
cblr-2946	588	37	law	law	PROPN
cblr-2946	588	38	review	review	NOUN
cblr-2946	588	39	business	business	NOUN
cblr-2946	588	40	from	from	ADP
cblr-2946	588	41	a	a	DET
cblr-2946	588	42	cra	cra	PROPN
cblr-2946	588	43	that	that	PRON
cblr-2946	588	44	does	do	AUX
cblr-2946	588	45	not	not	PART
cblr-2946	588	46	provide	provide	VERB
cblr-2946	588	47	the	the	DET
cblr-2946	588	48	customer	customer	NOUN
cblr-2946	588	49	with	with	ADP
cblr-2946	588	50	the	the	DET
cblr-2946	588	51	high	high	ADJ
cblr-2946	588	52	credit	credit	NOUN
cblr-2946	588	53	ratings	rating	NOUN
cblr-2946	588	54	it	it	PRON
cblr-2946	588	55	desires	desire	VERB
cblr-2946	588	56	.	.	PUNCT
cblr-2946	589	1	4	4	X
cblr-2946	589	2	.	.	X
cblr-2946	589	3	a	a	DET
cblr-2946	589	4	summary	summary	NOUN
cblr-2946	589	5	,	,	PUNCT
cblr-2946	589	6	and	and	CCONJ
cblr-2946	589	7	where	where	SCONJ
cblr-2946	589	8	do	do	AUX
cblr-2946	589	9	we	we	PRON
cblr-2946	589	10	go	go	VERB
cblr-2946	589	11	from	from	ADP
cblr-2946	589	12	here	here	ADV
cblr-2946	589	13	?	?	PUNCT
cblr-2946	590	1	to	to	PART
cblr-2946	590	2	summarize	summarize	VERB
cblr-2946	590	3	the	the	DET
cblr-2946	590	4	above	above	ADJ
cblr-2946	590	5	discussion	discussion	NOUN
cblr-2946	590	6	,	,	PUNCT
cblr-2946	590	7	the	the	DET
cblr-2946	590	8	cras	cras	X
cblr-2946	590	9	had	have	VERB
cblr-2946	590	10	much	much	ADJ
cblr-2946	590	11	to	to	PART
cblr-2946	590	12	gain	gain	VERB
cblr-2946	590	13	from	from	ADP
cblr-2946	590	14	inflating	inflate	VERB
cblr-2946	590	15	their	their	PRON
cblr-2946	590	16	ratings	rating	NOUN
cblr-2946	590	17	on	on	ADP
cblr-2946	590	18	structured	structured	ADJ
cblr-2946	590	19	finance	finance	NOUN
cblr-2946	590	20	products	product	NOUN
cblr-2946	590	21	when	when	SCONJ
cblr-2946	590	22	issuance	issuance	NOUN
cblr-2946	590	23	of	of	ADP
cblr-2946	590	24	these	these	DET
cblr-2946	590	25	securities	security	NOUN
cblr-2946	590	26	increased	increase	VERB
cblr-2946	590	27	in	in	ADP
cblr-2946	590	28	the	the	DET
cblr-2946	590	29	early	early	ADJ
cblr-2946	590	30	-	-	PUNCT
cblr-2946	590	31	to	to	ADP
cblr-2946	590	32	-	-	PUNCT
cblr-2946	590	33	mid-2000s	mid-2000s	PROPN
cblr-2946	590	34	.	.	PUNCT
cblr-2946	591	1	each	each	DET
cblr-2946	591	2	cra	cra	PROPN
cblr-2946	591	3	had	have	VERB
cblr-2946	591	4	the	the	DET
cblr-2946	591	5	opportunity	opportunity	NOUN
cblr-2946	591	6	to	to	PART
cblr-2946	591	7	realize	realize	VERB
cblr-2946	591	8	substantial	substantial	ADJ
cblr-2946	591	9	growth	growth	NOUN
cblr-2946	591	10	in	in	ADP
cblr-2946	591	11	revenue	revenue	NOUN
cblr-2946	591	12	and	and	CCONJ
cblr-2946	591	13	profitability	profitability	NOUN
cblr-2946	591	14	from	from	ADP
cblr-2946	591	15	rating	rate	VERB
cblr-2946	591	16	these	these	DET
cblr-2946	591	17	securities	security	NOUN
cblr-2946	591	18	.	.	PUNCT
cblr-2946	592	1	the	the	DET
cblr-2946	592	2	price	price	NOUN
cblr-2946	592	3	of	of	ADP
cblr-2946	592	4	this	this	DET
cblr-2946	592	5	growth	growth	NOUN
cblr-2946	592	6	,	,	PUNCT
cblr-2946	592	7	however	however	ADV
cblr-2946	592	8	,	,	PUNCT
cblr-2946	592	9	may	may	AUX
cblr-2946	592	10	have	have	AUX
cblr-2946	592	11	been	be	AUX
cblr-2946	592	12	to	to	PART
cblr-2946	592	13	sacrifice	sacrifice	VERB
cblr-2946	592	14	some	some	PRON
cblr-2946	592	15	of	of	ADP
cblr-2946	592	16	the	the	DET
cblr-2946	592	17	integrity	integrity	NOUN
cblr-2946	592	18	in	in	ADP
cblr-2946	592	19	the	the	DET
cblr-2946	592	20	ratings	rating	NOUN
cblr-2946	592	21	process	process	NOUN
cblr-2946	592	22	.	.	PUNCT
cblr-2946	593	1	with	with	ADP
cblr-2946	593	2	each	each	DET
cblr-2946	593	3	potential	potential	ADJ
cblr-2946	593	4	customer	customer	NOUN
cblr-2946	593	5	bringing	bring	VERB
cblr-2946	593	6	the	the	DET
cblr-2946	593	7	possibility	possibility	NOUN
cblr-2946	593	8	of	of	ADP
cblr-2946	593	9	frequent	frequent	ADJ
cblr-2946	593	10	repeat	repeat	NOUN
cblr-2946	593	11	business	business	NOUN
cblr-2946	593	12	of	of	ADP
cblr-2946	593	13	a	a	DET
cblr-2946	593	14	profitable	profitable	ADJ
cblr-2946	593	15	nature	nature	NOUN
cblr-2946	593	16	,	,	PUNCT
cblr-2946	593	17	a	a	DET
cblr-2946	593	18	rational	rational	ADJ
cblr-2946	593	19	cra	cra	PROPN
cblr-2946	593	20	may	may	AUX
cblr-2946	593	21	have	have	AUX
cblr-2946	593	22	chosen	choose	VERB
cblr-2946	593	23	to	to	PART
cblr-2946	593	24	inflate	inflate	VERB
cblr-2946	593	25	ratings	rating	NOUN
cblr-2946	593	26	to	to	PART
cblr-2946	593	27	lock	lock	VERB
cblr-2946	593	28	in	in	ADP
cblr-2946	593	29	business	business	NOUN
cblr-2946	593	30	.	.	PUNCT
cblr-2946	594	1	indeed	indeed	ADV
cblr-2946	594	2	,	,	PUNCT
cblr-2946	594	3	as	as	SCONJ
cblr-2946	594	4	the	the	DET
cblr-2946	594	5	structured	structured	ADJ
cblr-2946	594	6	finance	finance	NOUN
cblr-2946	594	7	market	market	NOUN
cblr-2946	594	8	continued	continue	VERB
cblr-2946	594	9	to	to	PART
cblr-2946	594	10	develop	develop	VERB
cblr-2946	594	11	,	,	PUNCT
cblr-2946	594	12	a	a	DET
cblr-2946	594	13	cra	cra	PROPN
cblr-2946	594	14	may	may	AUX
cblr-2946	594	15	have	have	AUX
cblr-2946	594	16	feared	fear	VERB
cblr-2946	594	17	losing	lose	VERB
cblr-2946	594	18	its	its	PRON
cblr-2946	594	19	opportunity	opportunity	NOUN
cblr-2946	594	20	to	to	PART
cblr-2946	594	21	establish	establish	VERB
cblr-2946	594	22	a	a	DET
cblr-2946	594	23	dominant	dominant	ADJ
cblr-2946	594	24	position	position	NOUN
cblr-2946	594	25	in	in	ADP
cblr-2946	594	26	rating	rate	VERB
cblr-2946	594	27	these	these	DET
cblr-2946	594	28	products	product	NOUN
cblr-2946	594	29	if	if	SCONJ
cblr-2946	594	30	it	it	PRON
cblr-2946	594	31	failed	fail	VERB
cblr-2946	594	32	to	to	PART
cblr-2946	594	33	appease	appease	VERB
cblr-2946	594	34	arrangers	arranger	NOUN
cblr-2946	594	35	from	from	ADP
cblr-2946	594	36	the	the	DET
cblr-2946	594	37	beginning	beginning	NOUN
cblr-2946	594	38	.	.	PUNCT
cblr-2946	595	1	an	an	DET
cblr-2946	595	2	interactive	interactive	ADJ
cblr-2946	595	3	ratings	rating	NOUN
cblr-2946	595	4	process	process	NOUN
cblr-2946	595	5	that	that	PRON
cblr-2946	595	6	provided	provide	VERB
cblr-2946	595	7	the	the	DET
cblr-2946	595	8	customer	customer	NOUN
cblr-2946	595	9	with	with	ADP
cblr-2946	595	10	significant	significant	ADJ
cblr-2946	595	11	opportunity	opportunity	NOUN
cblr-2946	595	12	to	to	PART
cblr-2946	595	13	exert	exert	VERB
cblr-2946	595	14	pressure	pressure	NOUN
cblr-2946	595	15	may	may	AUX
cblr-2946	595	16	have	have	AUX
cblr-2946	595	17	only	only	ADV
cblr-2946	595	18	exacerbated	exacerbate	VERB
cblr-2946	595	19	the	the	DET
cblr-2946	595	20	problem	problem	NOUN
cblr-2946	595	21	.	.	PUNCT
cblr-2946	596	1	moreover	moreover	ADV
cblr-2946	596	2	,	,	PUNCT
cblr-2946	596	3	while	while	SCONJ
cblr-2946	596	4	the	the	DET
cblr-2946	596	5	agencies	agency	NOUN
cblr-2946	596	6	had	have	VERB
cblr-2946	596	7	the	the	DET
cblr-2946	596	8	chance	chance	NOUN
cblr-2946	596	9	to	to	PART
cblr-2946	596	10	reap	reap	VERB
cblr-2946	596	11	substantial	substantial	ADJ
cblr-2946	596	12	rewards	reward	NOUN
cblr-2946	596	13	from	from	ADP
cblr-2946	596	14	inflating	inflate	VERB
cblr-2946	596	15	their	their	PRON
cblr-2946	596	16	ratings	rating	NOUN
cblr-2946	596	17	,	,	PUNCT
cblr-2946	596	18	the	the	DET
cblr-2946	596	19	costs	cost	NOUN
cblr-2946	596	20	of	of	ADP
cblr-2946	596	21	doing	do	VERB
cblr-2946	596	22	so	so	ADV
cblr-2946	596	23	did	do	AUX
cblr-2946	596	24	not	not	PART
cblr-2946	596	25	simultaneously	simultaneously	ADV
cblr-2946	596	26	increase.172	increase.172	NOUN
cblr-2946	596	27	as	as	SCONJ
cblr-2946	596	28	recounted	recount	VERB
cblr-2946	596	29	earlier	early	ADV
cblr-2946	596	30	,	,	PUNCT
cblr-2946	596	31	the	the	DET
cblr-2946	596	32	agencies	agency	NOUN
cblr-2946	596	33	have	have	AUX
cblr-2946	596	34	faced	face	VERB
cblr-2946	596	35	no	no	DET
cblr-2946	596	36	meaningful	meaningful	ADJ
cblr-2946	596	37	legal	legal	ADJ
cblr-2946	596	38	or	or	CCONJ
cblr-2946	596	39	regulatory	regulatory	ADJ
cblr-2946	596	40	sanctions	sanction	NOUN
cblr-2946	596	41	for	for	ADP
cblr-2946	596	42	issuing	issue	VERB
cblr-2946	596	43	ratings	rating	NOUN
cblr-2946	596	44	of	of	ADP
cblr-2946	596	45	poor	poor	ADJ
cblr-2946	596	46	quality	quality	NOUN
cblr-2946	596	47	.	.	PUNCT
cblr-2946	597	1	"7	"7	ADJ
cblr-2946	597	2	3	3	NUM
cblr-2946	597	3	the	the	DET
cblr-2946	597	4	primary	primary	ADJ
cblr-2946	597	5	cost	cost	NOUN
cblr-2946	597	6	that	that	PRON
cblr-2946	597	7	a	a	DET
cblr-2946	597	8	cra	cra	PROPN
cblr-2946	597	9	might	might	AUX
cblr-2946	597	10	incur	incur	VERB
cblr-2946	597	11	from	from	ADP
cblr-2946	597	12	releasing	release	VERB
cblr-2946	597	13	a	a	DET
cblr-2946	597	14	rating	rating	NOUN
cblr-2946	597	15	that	that	PRON
cblr-2946	597	16	later	later	ADV
cblr-2946	597	17	proves	prove	VERB
cblr-2946	597	18	too	too	ADV
cblr-2946	597	19	high	high	ADJ
cblr-2946	597	20	is	be	AUX
cblr-2946	597	21	a	a	DET
cblr-2946	597	22	reputational	reputational	ADJ
cblr-2946	597	23	cost	cost	NOUN
cblr-2946	597	24	.	.	PUNCT
cblr-2946	598	1	this	this	DET
cblr-2946	598	2	cost	cost	NOUN
cblr-2946	598	3	should	should	AUX
cblr-2946	598	4	not	not	PART
cblr-2946	598	5	be	be	AUX
cblr-2946	598	6	overlooked	overlook	VERB
cblr-2946	598	7	.	.	PUNCT
cblr-2946	599	1	for	for	SCONJ
cblr-2946	599	2	this	this	DET
cblr-2946	599	3	cost	cost	NOUN
cblr-2946	599	4	to	to	PART
cblr-2946	599	5	deter	deter	VERB
cblr-2946	599	6	a	a	DET
cblr-2946	599	7	cra	cra	PROPN
cblr-2946	599	8	from	from	ADP
cblr-2946	599	9	inflating	inflate	VERB
cblr-2946	599	10	its	its	PRON
cblr-2946	599	11	structured	structured	ADJ
cblr-2946	599	12	finance	finance	NOUN
cblr-2946	599	13	ratings	rating	NOUN
cblr-2946	599	14	,	,	PUNCT
cblr-2946	599	15	however	however	ADV
cblr-2946	599	16	,	,	PUNCT
cblr-2946	599	17	the	the	DET
cblr-2946	599	18	relatively	relatively	ADV
cblr-2946	599	19	costless	costless	NOUN
cblr-2946	599	20	,	,	PUNCT
cblr-2946	599	21	and	and	CCONJ
cblr-2946	599	22	hence	hence	ADV
cblr-2946	599	23	the	the	DET
cblr-2946	599	24	gatekeeper	gatekeeper	NOUN
cblr-2946	599	25	becomes	become	VERB
cblr-2946	599	26	compromised	compromise	VERB
cblr-2946	599	27	,	,	PUNCT
cblr-2946	599	28	particularly	particularly	ADV
cblr-2946	599	29	with	with	ADP
cblr-2946	599	30	regard	regard	NOUN
cblr-2946	599	31	to	to	ADP
cblr-2946	599	32	structured	structure	VERB
cblr-2946	599	33	finance	finance	NOUN
cblr-2946	599	34	products	product	NOUN
cblr-2946	599	35	.	.	PUNCT
cblr-2946	600	1	"	"	PUNCT
cblr-2946	600	2	)	)	PUNCT
cblr-2946	600	3	.	.	PUNCT
cblr-2946	601	1	172	172	NUM
cblr-2946	601	2	while	while	SCONJ
cblr-2946	601	3	congress	congress	PROPN
cblr-2946	601	4	enacted	enact	VERB
cblr-2946	601	5	the	the	DET
cblr-2946	601	6	credit	credit	NOUN
cblr-2946	601	7	rating	rating	NOUN
cblr-2946	601	8	agency	agency	NOUN
cblr-2946	601	9	reform	reform	PROPN
cblr-2946	601	10	act	act	PROPN
cblr-2946	601	11	of	of	ADP
cblr-2946	601	12	2006	2006	NUM
cblr-2946	601	13	,	,	PUNCT
cblr-2946	601	14	15	15	NUM
cblr-2946	601	15	u.s.c	u.s.c	ADJ
cblr-2946	601	16	.	.	PUNCT
cblr-2946	602	1	§	§	PROPN
cblr-2946	602	2	78o-7	78o-7	PROPN
cblr-2946	602	3	(	(	PUNCT
cblr-2946	602	4	2009	2009	NUM
cblr-2946	602	5	)	)	PUNCT
cblr-2946	602	6	,	,	PUNCT
cblr-2946	602	7	rating	rating	NOUN
cblr-2946	602	8	agencies	agency	NOUN
cblr-2946	602	9	did	do	AUX
cblr-2946	602	10	not	not	PART
cblr-2946	602	11	become	become	VERB
cblr-2946	602	12	subject	subject	ADJ
cblr-2946	602	13	to	to	ADP
cblr-2946	602	14	the	the	DET
cblr-2946	602	15	provisions	provision	NOUN
cblr-2946	602	16	of	of	ADP
cblr-2946	602	17	the	the	DET
cblr-2946	602	18	act	act	NOUN
cblr-2946	602	19	and	and	CCONJ
cblr-2946	602	20	the	the	DET
cblr-2946	602	21	sec	sec	PROPN
cblr-2946	602	22	's	's	PART
cblr-2946	602	23	rules	rule	NOUN
cblr-2946	602	24	promulgated	promulgate	VERB
cblr-2946	602	25	thereunder	thereunder	NOUN
cblr-2946	602	26	until	until	ADP
cblr-2946	602	27	september	september	PROPN
cblr-2946	602	28	2007	2007	NUM
cblr-2946	602	29	.	.	PUNCT
cblr-2946	603	1	sec	sec	PROPN
cblr-2946	603	2	july	july	PROPN
cblr-2946	603	3	2008	2008	NUM
cblr-2946	603	4	report	report	NOUN
cblr-2946	603	5	,	,	PUNCT
cblr-2946	603	6	supra	supra	PROPN
cblr-2946	603	7	note	note	NOUN
cblr-2946	603	8	47	47	NUM
cblr-2946	603	9	,	,	PUNCT
cblr-2946	603	10	at	at	ADP
cblr-2946	603	11	22	22	NUM
cblr-2946	603	12	.	.	PUNCT
cblr-2946	604	1	further	far	ADV
cblr-2946	604	2	,	,	PUNCT
cblr-2946	604	3	it	it	PRON
cblr-2946	604	4	is	be	AUX
cblr-2946	604	5	arguable	arguable	ADJ
cblr-2946	604	6	whether	whether	SCONJ
cblr-2946	604	7	the	the	DET
cblr-2946	604	8	act	act	NOUN
cblr-2946	604	9	and	and	CCONJ
cblr-2946	604	10	the	the	DET
cblr-2946	604	11	associated	associated	ADJ
cblr-2946	604	12	rules	rule	NOUN
cblr-2946	604	13	increased	increase	VERB
cblr-2946	604	14	accountability	accountability	NOUN
cblr-2946	604	15	in	in	ADP
cblr-2946	604	16	any	any	DET
cblr-2946	604	17	meaningful	meaningful	ADJ
cblr-2946	604	18	way	way	NOUN
cblr-2946	604	19	.	.	PUNCT
cblr-2946	605	1	...	...	PUNCT
cblr-2946	605	2	see	see	VERB
cblr-2946	605	3	supra	supra	PROPN
cblr-2946	605	4	part	part	PROPN
cblr-2946	605	5	iii.a.3	iii.a.3	PROPN
cblr-2946	605	6	.	.	PUNCT
cblr-2946	606	1	[	[	X
cblr-2946	606	2	vol	vol	NOUN
cblr-2946	606	3	.	.	PUNCT
cblr-2946	606	4	2009	2009	NUM
cblr-2946	606	5	no	no	NOUN
cblr-2946	606	6	.	.	PUNCT
cblr-2946	607	1	2:605	2:605	NUM
cblr-2946	607	2	]	]	X
cblr-2946	607	3	credit	credit	NOUN
cblr-2946	607	4	rating	rating	NOUN
cblr-2946	607	5	agencies	agency	NOUN
cblr-2946	607	6	and	and	CCONJ
cblr-2946	607	7	the	the	DET
cblr-2946	607	8	credit	credit	NOUN
cblr-2946	607	9	crisis	crisis	NOUN
cblr-2946	607	10	643	643	NUM
cblr-2946	607	11	cra	cra	PROPN
cblr-2946	607	12	would	would	AUX
cblr-2946	607	13	need	need	VERB
cblr-2946	607	14	to	to	PART
cblr-2946	607	15	anticipate	anticipate	VERB
cblr-2946	607	16	that	that	SCONJ
cblr-2946	607	17	the	the	DET
cblr-2946	607	18	inflated	inflated	ADJ
cblr-2946	607	19	ratings	rating	NOUN
cblr-2946	607	20	would	would	AUX
cblr-2946	607	21	impact	impact	VERB
cblr-2946	607	22	its	its	PRON
cblr-2946	607	23	reputation	reputation	NOUN
cblr-2946	607	24	for	for	ADP
cblr-2946	607	25	rating	rate	VERB
cblr-2946	607	26	other	other	ADJ
cblr-2946	607	27	types	type	NOUN
cblr-2946	607	28	of	of	ADP
cblr-2946	607	29	products	product	NOUN
cblr-2946	607	30	;	;	PUNCT
cblr-2946	607	31	since	since	SCONJ
cblr-2946	607	32	many	many	ADJ
cblr-2946	607	33	of	of	ADP
cblr-2946	607	34	the	the	DET
cblr-2946	607	35	securities	security	NOUN
cblr-2946	607	36	at	at	ADP
cblr-2946	607	37	issue	issue	NOUN
cblr-2946	607	38	in	in	ADP
cblr-2946	607	39	the	the	DET
cblr-2946	607	40	credit	credit	NOUN
cblr-2946	607	41	crisis	crisis	NOUN
cblr-2946	607	42	were	be	AUX
cblr-2946	607	43	novel	novel	ADJ
cblr-2946	607	44	,	,	PUNCT
cblr-2946	607	45	the	the	DET
cblr-2946	607	46	cras	cras	X
cblr-2946	607	47	did	do	AUX
cblr-2946	607	48	not	not	PART
cblr-2946	607	49	have	have	VERB
cblr-2946	607	50	reputations	reputation	NOUN
cblr-2946	607	51	for	for	ADP
cblr-2946	607	52	rating	rate	VERB
cblr-2946	607	53	them	they	PRON
cblr-2946	607	54	and	and	CCONJ
cblr-2946	607	55	thus	thus	ADV
cblr-2946	607	56	had	have	VERB
cblr-2946	607	57	no	no	DET
cblr-2946	607	58	reputation	reputation	NOUN
cblr-2946	607	59	to	to	PART
cblr-2946	607	60	damage	damage	VERB
cblr-2946	607	61	.	.	PUNCT
cblr-2946	608	1	17	17	NUM
cblr-2946	608	2	4	4	NUM
cblr-2946	608	3	at	at	ADV
cblr-2946	608	4	least	least	ADV
cblr-2946	608	5	one	one	NUM
cblr-2946	608	6	scholar	scholar	NOUN
cblr-2946	608	7	has	have	AUX
cblr-2946	608	8	noted	note	VERB
cblr-2946	608	9	that	that	SCONJ
cblr-2946	608	10	the	the	DET
cblr-2946	608	11	"	"	PUNCT
cblr-2946	608	12	[	[	X
cblr-2946	608	13	r]evenues	r]evenue	NOUN
cblr-2946	608	14	from	from	ADP
cblr-2946	608	15	ratings	rating	NOUN
cblr-2946	608	16	on	on	ADP
cblr-2946	608	17	novel	novel	ADJ
cblr-2946	608	18	products	product	NOUN
cblr-2946	608	19	seem	seem	VERB
cblr-2946	608	20	likely	likely	ADJ
cblr-2946	608	21	to	to	PART
cblr-2946	608	22	have	have	AUX
cblr-2946	608	23	been	be	AUX
cblr-2946	608	24	large	large	ADJ
cblr-2946	608	25	enough	enough	ADV
cblr-2946	608	26	to	to	PART
cblr-2946	608	27	cause	cause	VERB
cblr-2946	608	28	agencies	agency	NOUN
cblr-2946	608	29	to	to	PART
cblr-2946	608	30	risk	risk	VERB
cblr-2946	608	31	negative	negative	ADJ
cblr-2946	608	32	spillover	spillover	NOUN
cblr-2946	608	33	.	.	PUNCT
cblr-2946	609	1	"175	"175	NOUN
cblr-2946	609	2	at	at	ADP
cblr-2946	609	3	a	a	DET
cblr-2946	609	4	minimum	minimum	NOUN
cblr-2946	609	5	,	,	PUNCT
cblr-2946	609	6	it	it	PRON
cblr-2946	609	7	is	be	AUX
cblr-2946	609	8	at	at	ADV
cblr-2946	609	9	least	least	ADJ
cblr-2946	609	10	plausible	plausible	ADJ
cblr-2946	609	11	that	that	SCONJ
cblr-2946	609	12	some	some	DET
cblr-2946	609	13	cras	cra	NOUN
cblr-2946	609	14	,	,	PUNCT
cblr-2946	609	15	rather	rather	ADV
cblr-2946	609	16	than	than	ADP
cblr-2946	609	17	being	be	AUX
cblr-2946	609	18	shut	shut	VERB
cblr-2946	609	19	out	out	ADP
cblr-2946	609	20	of	of	ADP
cblr-2946	609	21	the	the	DET
cblr-2946	609	22	market	market	NOUN
cblr-2946	609	23	for	for	ADP
cblr-2946	609	24	rating	rate	VERB
cblr-2946	609	25	structured	structure	VERB
cblr-2946	609	26	finance	finance	NOUN
cblr-2946	609	27	products	product	NOUN
cblr-2946	609	28	,	,	PUNCT
cblr-2946	609	29	opted	opt	VERB
cblr-2946	609	30	instead	instead	ADV
cblr-2946	609	31	to	to	PART
cblr-2946	609	32	inflate	inflate	VERB
cblr-2946	609	33	their	their	PRON
cblr-2946	609	34	ratings	rating	NOUN
cblr-2946	609	35	to	to	ADP
cblr-2946	609	36	some	some	DET
cblr-2946	609	37	degree	degree	NOUN
cblr-2946	609	38	.	.	PUNCT
cblr-2946	610	1	thus	thus	ADV
cblr-2946	610	2	,	,	PUNCT
cblr-2946	610	3	one	one	NUM
cblr-2946	610	4	explanation	explanation	NOUN
cblr-2946	610	5	for	for	ADP
cblr-2946	610	6	why	why	SCONJ
cblr-2946	610	7	cras	cras	PROPN
cblr-2946	610	8	may	may	AUX
cblr-2946	610	9	have	have	AUX
cblr-2946	610	10	inflated	inflate	VERB
cblr-2946	610	11	their	their	PRON
cblr-2946	610	12	ratings	rating	NOUN
cblr-2946	610	13	on	on	ADP
cblr-2946	610	14	structured	structured	ADJ
cblr-2946	610	15	finance	finance	NOUN
cblr-2946	610	16	products	product	NOUN
cblr-2946	610	17	is	be	AUX
cblr-2946	610	18	that	that	SCONJ
cblr-2946	610	19	the	the	DET
cblr-2946	610	20	gains	gain	NOUN
cblr-2946	610	21	of	of	ADP
cblr-2946	610	22	doing	do	VERB
cblr-2946	610	23	so	so	ADV
cblr-2946	610	24	increased	increase	VERB
cblr-2946	610	25	while	while	SCONJ
cblr-2946	610	26	the	the	DET
cblr-2946	610	27	costs	cost	NOUN
cblr-2946	610	28	of	of	ADP
cblr-2946	610	29	compromising	compromise	VERB
cblr-2946	610	30	their	their	PRON
cblr-2946	610	31	ratings	rating	NOUN
cblr-2946	610	32	essentially	essentially	ADV
cblr-2946	610	33	stayed	stay	VERB
cblr-2946	610	34	the	the	DET
cblr-2946	610	35	same	same	ADJ
cblr-2946	610	36	.	.	PUNCT
cblr-2946	611	1	indeed	indeed	ADV
cblr-2946	611	2	,	,	PUNCT
cblr-2946	611	3	this	this	PRON
cblr-2946	611	4	is	be	AUX
cblr-2946	611	5	consistent	consistent	ADJ
cblr-2946	611	6	with	with	ADP
cblr-2946	611	7	professor	professor	NOUN
cblr-2946	611	8	coffee	coffee	NOUN
cblr-2946	611	9	's	's	PART
cblr-2946	611	10	"	"	PUNCT
cblr-2946	611	11	deterrence	deterrence	NOUN
cblr-2946	611	12	explanation	explanation	NOUN
cblr-2946	611	13	"	"	PUNCT
cblr-2946	611	14	of	of	ADP
cblr-2946	611	15	gatekeeper	gatekeeper	NOUN
cblr-2946	611	16	failure	failure	NOUN
cblr-2946	611	17	.	.	PUNCT
cblr-2946	612	1	176	176	NUM
cblr-2946	612	2	as	as	SCONJ
cblr-2946	612	3	professor	professor	NOUN
cblr-2946	612	4	coffee	coffee	NOUN
cblr-2946	612	5	explains	explain	VERB
cblr-2946	612	6	,	,	PUNCT
cblr-2946	612	7	"	"	PUNCT
cblr-2946	612	8	[	[	X
cblr-2946	612	9	e]conomics	e]conomic	NOUN
cblr-2946	612	10	101	101	NUM
cblr-2946	612	11	teaches	teach	VERB
cblr-2946	612	12	us	we	PRON
cblr-2946	612	13	that	that	SCONJ
cblr-2946	612	14	when	when	SCONJ
cblr-2946	612	15	the	the	DET
cblr-2946	612	16	costs	cost	NOUN
cblr-2946	612	17	go	go	VERB
cblr-2946	612	18	down	down	ADP
cblr-2946	612	19	while	while	SCONJ
cblr-2946	612	20	the	the	DET
cblr-2946	612	21	benefits	benefit	NOUN
cblr-2946	612	22	associated	associate	VERB
cblr-2946	612	23	with	with	ADP
cblr-2946	612	24	an	an	DET
cblr-2946	612	25	activity	activity	NOUN
cblr-2946	612	26	go	go	VERB
cblr-2946	612	27	up	up	ADV
cblr-2946	612	28	,	,	PUNCT
cblr-2946	612	29	the	the	DET
cblr-2946	612	30	output	output	NOUN
cblr-2946	612	31	of	of	ADP
cblr-2946	612	32	the	the	DET
cblr-2946	612	33	activity	activity	NOUN
cblr-2946	612	34	will	will	AUX
cblr-2946	612	35	increase	increase	VERB
cblr-2946	612	36	.	.	PUNCT
cblr-2946	613	1	"177	"177	NOUN
cblr-2946	613	2	at	at	ADP
cblr-2946	613	3	least	least	ADJ
cblr-2946	613	4	in	in	ADP
cblr-2946	613	5	the	the	DET
cblr-2946	613	6	shortterm	shortterm	NOUN
cblr-2946	613	7	,	,	PUNCT
cblr-2946	613	8	it	it	PRON
cblr-2946	613	9	may	may	AUX
cblr-2946	613	10	have	have	AUX
cblr-2946	613	11	been	be	AUX
cblr-2946	613	12	economically	economically	ADV
cblr-2946	613	13	rational	rational	ADJ
cblr-2946	613	14	for	for	SCONJ
cblr-2946	613	15	cras	cras	X
cblr-2946	613	16	to	to	PART
cblr-2946	613	17	inflate	inflate	VERB
cblr-2946	613	18	ratings	rating	NOUN
cblr-2946	613	19	on	on	ADP
cblr-2946	613	20	subprime	subprime	ADJ
cblr-2946	613	21	rmbs	rmb	NOUN
cblr-2946	613	22	and	and	CCONJ
cblr-2946	613	23	subprime	subprime	ADV
cblr-2946	613	24	-	-	PUNCT
cblr-2946	613	25	backed	back	VERB
cblr-2946	613	26	cdos	cdo	NOUN
cblr-2946	613	27	.	.	PUNCT
cblr-2946	614	1	17	17	NUM
cblr-2946	614	2	if	if	SCONJ
cblr-2946	614	3	this	this	PRON
cblr-2946	614	4	is	be	AUX
cblr-2946	614	5	the	the	DET
cblr-2946	614	6	case	case	NOUN
cblr-2946	615	1	,	,	PUNCT
cblr-2946	615	2	then	then	ADV
cblr-2946	615	3	a	a	DET
cblr-2946	615	4	possible	possible	ADJ
cblr-2946	615	5	regulatory	regulatory	ADJ
cblr-2946	615	6	174	174	NUM
cblr-2946	615	7	hunt	hunt	NOUN
cblr-2946	615	8	,	,	PUNCT
cblr-2946	615	9	supra	supra	PROPN
cblr-2946	615	10	note	note	NOUN
cblr-2946	615	11	3	3	NUM
cblr-2946	615	12	,	,	PUNCT
cblr-2946	615	13	at	at	ADP
cblr-2946	615	14	114	114	NUM
cblr-2946	615	15	(	(	PUNCT
cblr-2946	615	16	"	"	PUNCT
cblr-2946	615	17	it	it	PRON
cblr-2946	615	18	is	be	AUX
cblr-2946	615	19	not	not	PART
cblr-2946	615	20	plausible	plausible	ADJ
cblr-2946	615	21	to	to	PART
cblr-2946	615	22	argue	argue	VERB
cblr-2946	615	23	that	that	SCONJ
cblr-2946	615	24	rating	rating	NOUN
cblr-2946	615	25	agencies	agency	NOUN
cblr-2946	615	26	have	have	VERB
cblr-2946	615	27	a	a	DET
cblr-2946	615	28	valuable	valuable	ADJ
cblr-2946	615	29	reputation	reputation	NOUN
cblr-2946	615	30	for	for	ADP
cblr-2946	615	31	rating	rating	NOUN
cblr-2946	615	32	instruments	instrument	NOUN
cblr-2946	615	33	they	they	PRON
cblr-2946	615	34	have	have	AUX
cblr-2946	615	35	never	never	ADV
cblr-2946	615	36	rated	rate	VERB
cblr-2946	615	37	before	before	ADV
cblr-2946	615	38	.	.	PUNCT
cblr-2946	615	39	"	"	PUNCT
cblr-2946	615	40	)	)	PUNCT
cblr-2946	615	41	.	.	PUNCT
cblr-2946	616	1	see	see	VERB
cblr-2946	616	2	bethel	bethel	PROPN
cblr-2946	616	3	et	et	PROPN
cblr-2946	616	4	al	al	PROPN
cblr-2946	616	5	.	.	PROPN
cblr-2946	616	6	,	,	PUNCT
cblr-2946	616	7	supra	supra	PROPN
cblr-2946	616	8	note	note	NOUN
cblr-2946	616	9	2	2	NUM
cblr-2946	616	10	,	,	PUNCT
cblr-2946	616	11	at	at	ADP
cblr-2946	616	12	23	23	NUM
cblr-2946	616	13	(	(	PUNCT
cblr-2946	616	14	noting	note	VERB
cblr-2946	616	15	the	the	DET
cblr-2946	616	16	lack	lack	NOUN
cblr-2946	616	17	of	of	ADP
cblr-2946	616	18	experience	experience	NOUN
cblr-2946	616	19	many	many	ADJ
cblr-2946	616	20	market	market	NOUN
cblr-2946	616	21	participants	participant	NOUN
cblr-2946	616	22	had	have	VERB
cblr-2946	616	23	with	with	ADP
cblr-2946	616	24	the	the	DET
cblr-2946	616	25	asset	asset	NOUN
cblr-2946	616	26	class	class	NOUN
cblr-2946	616	27	at	at	ADP
cblr-2946	616	28	the	the	DET
cblr-2946	616	29	center	center	NOUN
cblr-2946	616	30	of	of	ADP
cblr-2946	616	31	the	the	DET
cblr-2946	616	32	credit	credit	NOUN
cblr-2946	616	33	crisis	crisis	NOUN
cblr-2946	616	34	controversy	controversy	NOUN
cblr-2946	616	35	)	)	PUNCT
cblr-2946	616	36	.	.	PUNCT
cblr-2946	617	1	17	17	NUM
cblr-2946	617	2	hunt	hunt	NOUN
cblr-2946	617	3	,	,	PUNCT
cblr-2946	617	4	supra	supra	PROPN
cblr-2946	617	5	note	note	NOUN
cblr-2946	617	6	3	3	NUM
cblr-2946	617	7	,	,	PUNCT
cblr-2946	617	8	at	at	ADP
cblr-2946	617	9	172	172	NUM
cblr-2946	617	10	.	.	PUNCT
cblr-2946	618	1	176	176	NUM
cblr-2946	618	2	see	see	VERB
cblr-2946	618	3	generally	generally	ADV
cblr-2946	618	4	coffee	coffee	NOUN
cblr-2946	618	5	,	,	PUNCT
cblr-2946	618	6	supra	supra	PROPN
cblr-2946	618	7	note	note	NOUN
cblr-2946	618	8	7	7	NUM
cblr-2946	618	9	,	,	PUNCT
cblr-2946	618	10	at	at	ADP
cblr-2946	618	11	60	60	NUM
cblr-2946	618	12	-	-	SYM
cblr-2946	618	13	61	61	NUM
cblr-2946	618	14	.	.	PUNCT
cblr-2946	619	1	see	see	VERB
cblr-2946	619	2	also	also	ADV
cblr-2946	619	3	coffee	coffee	NOUN
cblr-2946	619	4	,	,	PUNCT
cblr-2946	619	5	gatekeeper	gatekeeper	NOUN
cblr-2946	619	6	failure	failure	NOUN
cblr-2946	619	7	,	,	PUNCT
cblr-2946	619	8	supra	supra	ADJ
cblr-2946	619	9	note	note	NOUN
cblr-2946	619	10	9	9	NUM
cblr-2946	619	11	,	,	PUNCT
cblr-2946	619	12	at	at	ADP
cblr-2946	619	13	318	318	NUM
cblr-2946	619	14	-	-	SYM
cblr-2946	619	15	23	23	NUM
cblr-2946	619	16	(	(	PUNCT
cblr-2946	619	17	describing	describe	VERB
cblr-2946	619	18	the	the	DET
cblr-2946	619	19	deterrence	deterrence	NOUN
cblr-2946	619	20	explanation	explanation	NOUN
cblr-2946	619	21	as	as	ADP
cblr-2946	619	22	a	a	DET
cblr-2946	619	23	possible	possible	ADJ
cblr-2946	619	24	reason	reason	NOUN
cblr-2946	619	25	for	for	ADP
cblr-2946	619	26	the	the	DET
cblr-2946	619	27	failure	failure	NOUN
cblr-2946	619	28	of	of	ADP
cblr-2946	619	29	auditors	auditor	NOUN
cblr-2946	619	30	to	to	PART
cblr-2946	619	31	detect	detect	VERB
cblr-2946	619	32	enron	enron	PROPN
cblr-2946	619	33	and	and	CCONJ
cblr-2946	619	34	other	other	ADJ
cblr-2946	619	35	accounting	accounting	NOUN
cblr-2946	619	36	frauds	fraud	NOUN
cblr-2946	619	37	in	in	ADP
cblr-2946	619	38	2001	2001	NUM
cblr-2946	619	39	-	-	SYM
cblr-2946	619	40	2002	2002	NUM
cblr-2946	619	41	)	)	PUNCT
cblr-2946	619	42	.	.	PUNCT
cblr-2946	620	1	177	177	NUM
cblr-2946	620	2	see	see	VERB
cblr-2946	620	3	coffee	coffee	NOUN
cblr-2946	620	4	,	,	PUNCT
cblr-2946	620	5	gatekeeper	gatekeeper	NOUN
cblr-2946	620	6	failure	failure	NOUN
cblr-2946	620	7	,	,	PUNCT
cblr-2946	620	8	supra	supra	ADJ
cblr-2946	620	9	note	note	NOUN
cblr-2946	620	10	9	9	NUM
cblr-2946	620	11	,	,	PUNCT
cblr-2946	620	12	at	at	ADP
cblr-2946	620	13	318	318	NUM
cblr-2946	620	14	.	.	PUNCT
cblr-2946	621	1	171	171	NUM
cblr-2946	621	2	see	see	VERB
cblr-2946	621	3	frank	frank	PROPN
cblr-2946	621	4	partnoy	partnoy	ADJ
cblr-2946	621	5	,	,	PUNCT
cblr-2946	621	6	barbarians	barbarian	NOUN
cblr-2946	621	7	at	at	ADP
cblr-2946	621	8	the	the	DET
cblr-2946	621	9	gatekeepers	gatekeeper	NOUN
cblr-2946	621	10	:	:	PUNCT
cblr-2946	621	11	a	a	DET
cblr-2946	621	12	proposal	proposal	NOUN
cblr-2946	621	13	for	for	ADP
cblr-2946	621	14	a	a	DET
cblr-2946	621	15	modified	modify	VERB
cblr-2946	621	16	strict	strict	ADJ
cblr-2946	621	17	liability	liability	NOUN
cblr-2946	621	18	regime	regime	NOUN
cblr-2946	621	19	,	,	PUNCT
cblr-2946	621	20	79	79	NUM
cblr-2946	621	21	wash	wash	NOUN
cblr-2946	621	22	.	.	PUNCT
cblr-2946	622	1	u.	u.	PROPN
cblr-2946	622	2	l.q	l.q	PROPN
cblr-2946	622	3	.	.	PROPN
cblr-2946	622	4	491	491	NUM
cblr-2946	622	5	,	,	PUNCT
cblr-2946	622	6	497	497	NUM
cblr-2946	622	7	-	-	SYM
cblr-2946	622	8	98	98	NUM
cblr-2946	622	9	(	(	PUNCT
cblr-2946	622	10	2001	2001	NUM
cblr-2946	622	11	)	)	PUNCT
cblr-2946	622	12	(	(	PUNCT
cblr-2946	622	13	"	"	PUNCT
cblr-2946	622	14	[	[	X
cblr-2946	622	15	a]bsent	a]bsent	NOUN
cblr-2946	622	16	from	from	ADP
cblr-2946	622	17	much	much	ADJ
cblr-2946	622	18	of	of	ADP
cblr-2946	622	19	this	this	DET
cblr-2946	622	20	scholarly	scholarly	ADJ
cblr-2946	622	21	debate	debate	NOUN
cblr-2946	622	22	is	be	AUX
cblr-2946	622	23	a	a	DET
cblr-2946	622	24	focus	focus	NOUN
cblr-2946	622	25	on	on	ADP
cblr-2946	622	26	the	the	DET
cblr-2946	622	27	argument	argument	NOUN
cblr-2946	622	28	that	that	SCONJ
cblr-2946	622	29	economically	economically	ADV
cblr-2946	622	30	rational	rational	ADJ
cblr-2946	622	31	gatekeepers	gatekeeper	NOUN
cblr-2946	622	32	,	,	PUNCT
cblr-2946	622	33	like	like	ADP
cblr-2946	622	34	economically	economically	ADV
cblr-2946	622	35	rational	rational	ADJ
cblr-2946	622	36	issuers	issuer	NOUN
cblr-2946	622	37	,	,	PUNCT
cblr-2946	622	38	will	will	AUX
cblr-2946	622	39	balance	balance	VERB
cblr-2946	622	40	the	the	DET
cblr-2946	622	41	benefits	benefit	NOUN
cblr-2946	622	42	and	and	CCONJ
cblr-2946	622	43	costs	cost	NOUN
cblr-2946	622	44	of	of	ADP
cblr-2946	622	45	accurate	accurate	ADJ
cblr-2946	622	46	(	(	PUNCT
cblr-2946	622	47	or	or	CCONJ
cblr-2946	622	48	inaccurate	inaccurate	ADJ
cblr-2946	622	49	)	)	PUNCT
cblr-2946	622	50	certification	certification	NOUN
cblr-2946	622	51	in	in	ADP
cblr-2946	622	52	an	an	DET
cblr-2946	622	53	effort	effort	NOUN
cblr-2946	622	54	to	to	PART
cblr-2946	622	55	maximize	maximize	VERB
cblr-2946	622	56	profits	profit	NOUN
cblr-2946	622	57	.	.	PUNCT
cblr-2946	623	1	on	on	ADP
cblr-2946	623	2	the	the	DET
cblr-2946	623	3	one	one	NUM
cblr-2946	623	4	hand	hand	NOUN
cblr-2946	623	5	,	,	PUNCT
cblr-2946	623	6	gatekeepers	gatekeeper	NOUN
cblr-2946	623	7	may	may	AUX
cblr-2946	623	8	achieve	achieve	VERB
cblr-2946	623	9	short	short	ADJ
cblr-2946	623	10	-	-	PUNCT
cblr-2946	623	11	term	term	NOUN
cblr-2946	623	12	gains	gain	NOUN
cblr-2946	623	13	by	by	ADP
cblr-2946	623	14	providing	provide	VERB
cblr-2946	623	15	inaccurate	inaccurate	ADJ
cblr-2946	623	16	certification	certification	NOUN
cblr-2946	623	17	or	or	CCONJ
cblr-2946	623	18	by	by	ADP
cblr-2946	623	19	response	response	NOUN
cblr-2946	623	20	should	should	AUX
cblr-2946	623	21	focus	focus	VERB
cblr-2946	623	22	on	on	ADP
cblr-2946	623	23	imposing	impose	VERB
cblr-2946	623	24	a	a	DET
cblr-2946	623	25	cost	cost	NOUN
cblr-2946	623	26	on	on	ADP
cblr-2946	623	27	cras	cra	NOUN
cblr-2946	623	28	of	of	ADP
cblr-2946	623	29	acquiescing	acquiesce	VERB
cblr-2946	623	30	to	to	ADP
cblr-2946	623	31	the	the	DET
cblr-2946	623	32	issuer	issuer	NOUN
cblr-2946	623	33	pays	pay	VERB
cblr-2946	623	34	conflict	conflict	NOUN
cblr-2946	623	35	.	.	PUNCT
cblr-2946	624	1	an	an	DET
cblr-2946	624	2	optimal	optimal	ADJ
cblr-2946	624	3	response	response	NOUN
cblr-2946	624	4	would	would	AUX
cblr-2946	624	5	only	only	ADV
cblr-2946	624	6	impose	impose	VERB
cblr-2946	624	7	such	such	DET
cblr-2946	624	8	a	a	DET
cblr-2946	624	9	cost	cost	NOUN
cblr-2946	624	10	to	to	ADP
cblr-2946	624	11	a	a	DET
cblr-2946	624	12	degree	degree	NOUN
cblr-2946	624	13	that	that	SCONJ
cblr-2946	624	14	it	it	PRON
cblr-2946	624	15	would	would	AUX
cblr-2946	624	16	neutralize	neutralize	VERB
cblr-2946	624	17	any	any	DET
cblr-2946	624	18	benefit	benefit	NOUN
cblr-2946	624	19	to	to	ADP
cblr-2946	624	20	the	the	DET
cblr-2946	624	21	cra	cra	PROPN
cblr-2946	624	22	of	of	ADP
cblr-2946	624	23	engaging	engage	VERB
cblr-2946	624	24	in	in	ADP
cblr-2946	624	25	ratings	rating	NOUN
cblr-2946	624	26	inflation	inflation	NOUN
cblr-2946	624	27	.	.	PUNCT
cblr-2946	625	1	in	in	ADP
cblr-2946	625	2	theory	theory	NOUN
cblr-2946	625	3	,	,	PUNCT
cblr-2946	625	4	the	the	DET
cblr-2946	625	5	regulatory	regulatory	ADJ
cblr-2946	625	6	response	response	NOUN
cblr-2946	625	7	could	could	AUX
cblr-2946	625	8	apply	apply	VERB
cblr-2946	625	9	to	to	ADP
cblr-2946	625	10	all	all	DET
cblr-2946	625	11	classes	class	NOUN
cblr-2946	625	12	of	of	ADP
cblr-2946	625	13	ratings	rating	NOUN
cblr-2946	625	14	,	,	PUNCT
cblr-2946	625	15	not	not	PART
cblr-2946	625	16	only	only	ADV
cblr-2946	625	17	structured	structured	ADJ
cblr-2946	625	18	finance	finance	NOUN
cblr-2946	625	19	products	product	NOUN
cblr-2946	625	20	,	,	PUNCT
cblr-2946	625	21	so	so	ADV
cblr-2946	625	22	long	long	ADV
cblr-2946	625	23	as	as	SCONJ
cblr-2946	625	24	it	it	PRON
cblr-2946	625	25	corresponded	correspond	VERB
cblr-2946	625	26	accurately	accurately	ADV
cblr-2946	625	27	to	to	ADP
cblr-2946	625	28	any	any	DET
cblr-2946	625	29	ill	ill	ADV
cblr-2946	625	30	-	-	PUNCT
cblr-2946	625	31	derived	derive	VERB
cblr-2946	625	32	gains	gain	NOUN
cblr-2946	625	33	.	.	PUNCT
cblr-2946	626	1	a	a	DET
cblr-2946	626	2	second	second	ADJ
cblr-2946	626	3	possible	possible	ADJ
cblr-2946	626	4	explanation	explanation	NOUN
cblr-2946	626	5	may	may	AUX
cblr-2946	626	6	flow	flow	VERB
cblr-2946	626	7	from	from	ADP
cblr-2946	626	8	the	the	DET
cblr-2946	626	9	bubble	bubble	NOUN
cblr-2946	626	10	nature	nature	NOUN
cblr-2946	626	11	of	of	ADP
cblr-2946	626	12	the	the	DET
cblr-2946	626	13	housing	housing	NOUN
cblr-2946	626	14	and	and	CCONJ
cblr-2946	626	15	related	relate	VERB
cblr-2946	626	16	structured	structured	ADJ
cblr-2946	626	17	finance	finance	NOUN
cblr-2946	626	18	market	market	NOUN
cblr-2946	626	19	that	that	PRON
cblr-2946	626	20	developed	develop	VERB
cblr-2946	626	21	after	after	ADP
cblr-2946	626	22	2000.179	2000.179	NUM
cblr-2946	626	23	professor	professor	NOUN
cblr-2946	626	24	coffee	coffee	NOUN
cblr-2946	626	25	has	have	AUX
cblr-2946	626	26	elaborated	elaborate	VERB
cblr-2946	626	27	a	a	DET
cblr-2946	626	28	"	"	PUNCT
cblr-2946	626	29	market	market	NOUN
cblr-2946	626	30	bubble	bubble	NOUN
cblr-2946	626	31	"	"	PUNCT
cblr-2946	626	32	account	account	NOUN
cblr-2946	626	33	of	of	ADP
cblr-2946	626	34	gatekeeper	gatekeeper	NOUN
cblr-2946	626	35	failure.18	failure.18	NOUN
cblr-2946	626	36	°	°	SCONJ
cblr-2946	626	37	this	this	DET
cblr-2946	626	38	theory	theory	NOUN
cblr-2946	626	39	posits	posit	VERB
cblr-2946	626	40	that	that	SCONJ
cblr-2946	626	41	in	in	ADP
cblr-2946	626	42	an	an	DET
cblr-2946	626	43	environment	environment	NOUN
cblr-2946	626	44	of	of	ADP
cblr-2946	626	45	market	market	NOUN
cblr-2946	626	46	euphoria	euphoria	NOUN
cblr-2946	626	47	,	,	PUNCT
cblr-2946	626	48	investors	investor	NOUN
cblr-2946	626	49	are	be	AUX
cblr-2946	626	50	less	less	ADV
cblr-2946	626	51	concerned	concerned	ADJ
cblr-2946	626	52	with	with	ADP
cblr-2946	626	53	gatekeepers	gatekeeper	NOUN
cblr-2946	626	54	'	'	PART
cblr-2946	626	55	certifications	certification	NOUN
cblr-2946	626	56	,	,	PUNCT
cblr-2946	626	57	so	so	SCONJ
cblr-2946	626	58	those	those	PRON
cblr-2946	626	59	purchasing	purchase	VERB
cblr-2946	626	60	the	the	DET
cblr-2946	626	61	gatekeeper	gatekeeper	NOUN
cblr-2946	626	62	's	's	PART
cblr-2946	626	63	service	service	NOUN
cblr-2946	626	64	regard	regard	VERB
cblr-2946	626	65	the	the	DET
cblr-2946	626	66	services	service	NOUN
cblr-2946	626	67	as	as	ADP
cblr-2946	626	68	more	more	ADJ
cblr-2946	626	69	of	of	ADP
cblr-2946	626	70	a	a	DET
cblr-2946	626	71	formality	formality	NOUN
cblr-2946	626	72	.	.	PUNCT
cblr-2946	627	1	'81	'81	NUM
cblr-2946	627	2	the	the	DET
cblr-2946	627	3	gatekeeper	gatekeeper	NOUN
cblr-2946	627	4	loses	lose	VERB
cblr-2946	627	5	leverage	leverage	NOUN
cblr-2946	627	6	over	over	ADP
cblr-2946	627	7	its	its	PRON
cblr-2946	627	8	client	client	NOUN
cblr-2946	627	9	and	and	CCONJ
cblr-2946	627	10	experiences	experience	VERB
cblr-2946	627	11	a	a	DET
cblr-2946	627	12	reduction	reduction	NOUN
cblr-2946	627	13	in	in	ADP
cblr-2946	627	14	the	the	DET
cblr-2946	627	15	value	value	NOUN
cblr-2946	627	16	of	of	ADP
cblr-2946	627	17	its	its	PRON
cblr-2946	627	18	reputational	reputational	ADJ
cblr-2946	627	19	capital	capital	NOUN
cblr-2946	627	20	.	.	PUNCT
cblr-2946	628	1	18	18	NUM
cblr-2946	628	2	2	2	NUM
cblr-2946	628	3	as	as	ADP
cblr-2946	628	4	a	a	DET
cblr-2946	628	5	result	result	NOUN
cblr-2946	628	6	,	,	PUNCT
cblr-2946	628	7	the	the	DET
cblr-2946	628	8	rational	rational	ADJ
cblr-2946	628	9	best	good	ADJ
cblr-2946	628	10	response	response	NOUN
cblr-2946	628	11	of	of	ADP
cblr-2946	628	12	the	the	DET
cblr-2946	628	13	gatekeeper	gatekeeper	NOUN
cblr-2946	628	14	is	be	AUX
cblr-2946	628	15	to	to	PART
cblr-2946	628	16	acquiesce	acquiesce	VERB
cblr-2946	628	17	to	to	ADP
cblr-2946	628	18	the	the	DET
cblr-2946	628	19	client	client	NOUN
cblr-2946	628	20	's	's	PART
cblr-2946	628	21	wishes	wish	NOUN
cblr-2946	628	22	and	and	CCONJ
cblr-2946	628	23	minimize	minimize	VERB
cblr-2946	628	24	the	the	DET
cblr-2946	628	25	costs	cost	NOUN
cblr-2946	628	26	associated	associate	VERB
cblr-2946	628	27	with	with	ADP
cblr-2946	628	28	its	its	PRON
cblr-2946	628	29	service	service	NOUN
cblr-2946	628	30	.	.	PUNCT
cblr-2946	629	1	183	183	NUM
cblr-2946	629	2	under	under	ADP
cblr-2946	629	3	this	this	DET
cblr-2946	629	4	hypothesis	hypothesis	NOUN
cblr-2946	629	5	,	,	PUNCT
cblr-2946	629	6	cras	cras	PROPN
cblr-2946	629	7	may	may	AUX
cblr-2946	629	8	have	have	AUX
cblr-2946	629	9	recognized	recognize	VERB
cblr-2946	629	10	the	the	DET
cblr-2946	629	11	bubble	bubble	NOUN
cblr-2946	629	12	quality	quality	NOUN
cblr-2946	629	13	of	of	ADP
cblr-2946	629	14	the	the	DET
cblr-2946	629	15	structured	structured	ADJ
cblr-2946	629	16	finance	finance	NOUN
cblr-2946	629	17	market	market	NOUN
cblr-2946	629	18	and	and	CCONJ
cblr-2946	629	19	realized	realize	VERB
cblr-2946	629	20	that	that	SCONJ
cblr-2946	629	21	investors	investor	NOUN
cblr-2946	629	22	were	be	AUX
cblr-2946	629	23	less	less	ADV
cblr-2946	629	24	concerned	concerned	ADJ
cblr-2946	629	25	with	with	ADP
cblr-2946	629	26	obtaining	obtain	VERB
cblr-2946	629	27	accurate	accurate	ADJ
cblr-2946	629	28	ratings	rating	NOUN
cblr-2946	629	29	on	on	ADP
cblr-2946	629	30	structured	structured	ADJ
cblr-2946	629	31	products	product	NOUN
cblr-2946	629	32	than	than	ADP
cblr-2946	629	33	with	with	ADP
cblr-2946	629	34	capitalizing	capitalize	VERB
cblr-2946	629	35	on	on	ADP
cblr-2946	629	36	the	the	DET
cblr-2946	629	37	higher	high	ADJ
cblr-2946	629	38	returns	return	NOUN
cblr-2946	629	39	the	the	DET
cblr-2946	629	40	securities	security	NOUN
cblr-2946	629	41	offered	offer	VERB
cblr-2946	629	42	.	.	PUNCT
cblr-2946	630	1	without	without	ADP
cblr-2946	630	2	investors	investor	NOUN
cblr-2946	630	3	overstating	overstate	VERB
cblr-2946	630	4	the	the	DET
cblr-2946	630	5	value	value	NOUN
cblr-2946	630	6	of	of	ADP
cblr-2946	630	7	securities	security	NOUN
cblr-2946	630	8	.	.	PUNCT
cblr-2946	631	1	on	on	ADP
cblr-2946	631	2	the	the	DET
cblr-2946	631	3	other	other	ADJ
cblr-2946	631	4	hand	hand	NOUN
cblr-2946	631	5	,	,	PUNCT
cblr-2946	631	6	gatekeepers	gatekeeper	NOUN
cblr-2946	631	7	could	could	AUX
cblr-2946	631	8	suffer	suffer	VERB
cblr-2946	631	9	long	long	ADJ
cblr-2946	631	10	-	-	PUNCT
cblr-2946	631	11	term	term	NOUN
cblr-2946	631	12	losses	loss	NOUN
cblr-2946	631	13	from	from	ADP
cblr-2946	631	14	a	a	DET
cblr-2946	631	15	decline	decline	NOUN
cblr-2946	631	16	in	in	ADP
cblr-2946	631	17	reputation	reputation	NOUN
cblr-2946	631	18	if	if	SCONJ
cblr-2946	631	19	investors	investor	NOUN
cblr-2946	631	20	realize	realize	VERB
cblr-2946	631	21	that	that	SCONJ
cblr-2946	631	22	the	the	DET
cblr-2946	631	23	gatekeeper	gatekeeper	NOUN
cblr-2946	631	24	originally	originally	ADV
cblr-2946	631	25	overstated	overstate	VERB
cblr-2946	631	26	the	the	DET
cblr-2946	631	27	assessment	assessment	NOUN
cblr-2946	631	28	of	of	ADP
cblr-2946	631	29	value	value	NOUN
cblr-2946	631	30	.	.	PUNCT
cblr-2946	632	1	although	although	SCONJ
cblr-2946	632	2	investors	investor	NOUN
cblr-2946	632	3	will	will	AUX
cblr-2946	632	4	discount	discount	VERB
cblr-2946	632	5	the	the	DET
cblr-2946	632	6	securities	security	NOUN
cblr-2946	632	7	of	of	ADP
cblr-2946	632	8	issuers	issuer	NOUN
cblr-2946	632	9	who	who	PRON
cblr-2946	632	10	use	use	VERB
cblr-2946	632	11	disreputable	disreputable	ADJ
cblr-2946	632	12	intermediaries	intermediary	NOUN
cblr-2946	632	13	,	,	PUNCT
cblr-2946	632	14	gatekeepers	gatekeeper	NOUN
cblr-2946	632	15	should	should	AUX
cblr-2946	632	16	be	be	AUX
cblr-2946	632	17	willing	willing	ADJ
cblr-2946	632	18	to	to	PART
cblr-2946	632	19	incur	incur	VERB
cblr-2946	632	20	losses	loss	NOUN
cblr-2946	632	21	in	in	ADP
cblr-2946	632	22	reputational	reputational	ADJ
cblr-2946	632	23	capital	capital	NOUN
cblr-2946	632	24	so	so	ADV
cblr-2946	632	25	long	long	ADV
cblr-2946	632	26	as	as	SCONJ
cblr-2946	632	27	the	the	DET
cblr-2946	632	28	gains	gain	NOUN
cblr-2946	632	29	from	from	ADP
cblr-2946	632	30	inaccurate	inaccurate	ADJ
cblr-2946	632	31	certifications	certification	NOUN
cblr-2946	632	32	exceed	exceed	VERB
cblr-2946	632	33	the	the	DET
cblr-2946	632	34	costs	cost	NOUN
cblr-2946	632	35	.	.	PUNCT
cblr-2946	633	1	"	"	PUNCT
cblr-2946	633	2	)	)	PUNCT
cblr-2946	633	3	.	.	PUNCT
cblr-2946	634	1	"	"	PUNCT
cblr-2946	634	2	'	'	PUNCT
cblr-2946	634	3	coffee	coffee	NOUN
cblr-2946	634	4	,	,	PUNCT
cblr-2946	634	5	supra	supra	PROPN
cblr-2946	634	6	note	note	NOUN
cblr-2946	634	7	31	31	NUM
cblr-2946	634	8	(	(	PUNCT
cblr-2946	634	9	characterizing	characterize	VERB
cblr-2946	634	10	the	the	DET
cblr-2946	634	11	market	market	NOUN
cblr-2946	634	12	as	as	ADP
cblr-2946	634	13	bubbly	bubbly	NOUN
cblr-2946	634	14	)	)	PUNCT
cblr-2946	634	15	.	.	PUNCT
cblr-2946	635	1	180	180	NUM
cblr-2946	635	2	coffee	coffee	NOUN
cblr-2946	635	3	,	,	PUNCT
cblr-2946	635	4	gatekeeper	gatekeeper	NOUN
cblr-2946	635	5	failure	failure	NOUN
cblr-2946	635	6	,	,	PUNCT
cblr-2946	635	7	supra	supra	ADJ
cblr-2946	635	8	note	note	NOUN
cblr-2946	635	9	9	9	NUM
cblr-2946	635	10	,	,	PUNCT
cblr-2946	635	11	at	at	ADP
cblr-2946	635	12	323	323	NUM
cblr-2946	635	13	-	-	SYM
cblr-2946	635	14	26	26	NUM
cblr-2946	635	15	(	(	PUNCT
cblr-2946	635	16	elaborating	elaborate	VERB
cblr-2946	635	17	on	on	ADP
cblr-2946	635	18	the	the	DET
cblr-2946	635	19	theory	theory	NOUN
cblr-2946	635	20	in	in	ADP
cblr-2946	635	21	the	the	DET
cblr-2946	635	22	context	context	NOUN
cblr-2946	635	23	of	of	ADP
cblr-2946	635	24	auditors	auditor	NOUN
cblr-2946	635	25	)	)	PUNCT
cblr-2946	635	26	.	.	PUNCT
cblr-2946	636	1	181	181	NUM
cblr-2946	637	1	i	i	PRON
cblr-2946	637	2	d.	d.	NOUN
cblr-2946	637	3	182	182	NUM
cblr-2946	638	1	i	i	PRON
cblr-2946	638	2	d.	d.	PROPN
cblr-2946	638	3	at	at	ADP
cblr-2946	638	4	323	323	NUM
cblr-2946	638	5	.	.	PUNCT
cblr-2946	638	6	"	"	PUNCT
cblr-2946	639	1	i	i	PRON
cblr-2946	639	2	d.	d.	PROPN
cblr-2946	639	3	at	at	ADP
cblr-2946	639	4	324	324	NUM
cblr-2946	639	5	(	(	PUNCT
cblr-2946	639	6	"	"	PUNCT
cblr-2946	639	7	thus	thus	ADV
cblr-2946	639	8	,	,	PUNCT
cblr-2946	639	9	if	if	SCONJ
cblr-2946	639	10	we	we	PRON
cblr-2946	639	11	assume	assume	VERB
cblr-2946	639	12	that	that	SCONJ
cblr-2946	639	13	the	the	DET
cblr-2946	639	14	auditor	auditor	NOUN
cblr-2946	639	15	will	will	AUX
cblr-2946	639	16	be	be	AUX
cblr-2946	639	17	largely	largely	ADV
cblr-2946	639	18	ignored	ignore	VERB
cblr-2946	639	19	by	by	ADP
cblr-2946	639	20	euphoric	euphoric	ADJ
cblr-2946	639	21	investors	investor	NOUN
cblr-2946	639	22	,	,	PUNCT
cblr-2946	639	23	the	the	DET
cblr-2946	639	24	rational	rational	ADJ
cblr-2946	639	25	auditor	auditor	NOUN
cblr-2946	639	26	's	's	PART
cblr-2946	639	27	best	good	ADJ
cblr-2946	639	28	competitive	competitive	ADJ
cblr-2946	639	29	strategy	strategy	NOUN
cblr-2946	639	30	(	(	PUNCT
cblr-2946	639	31	at	at	ADP
cblr-2946	639	32	least	least	ADJ
cblr-2946	639	33	for	for	ADP
cblr-2946	639	34	the	the	DET
cblr-2946	639	35	short	short	ADJ
cblr-2946	639	36	term	term	NOUN
cblr-2946	639	37	)	)	PUNCT
cblr-2946	639	38	was	be	AUX
cblr-2946	639	39	to	to	PART
cblr-2946	639	40	become	become	VERB
cblr-2946	639	41	as	as	ADP
cblr-2946	639	42	acquiescent	acquiescent	ADJ
cblr-2946	639	43	and	and	CCONJ
cblr-2946	639	44	low	low	ADJ
cblr-2946	639	45	cost	cost	NOUN
cblr-2946	639	46	as	as	ADP
cblr-2946	639	47	possible	possible	ADJ
cblr-2946	639	48	.	.	PUNCT
cblr-2946	639	49	"	"	PUNCT
cblr-2946	639	50	)	)	PUNCT
cblr-2946	639	51	.	.	PUNCT
cblr-2946	640	1	col	col	PROPN
cblr-2946	640	2	umia	umia	PROPN
cblr-2946	640	3	b	b	PROPN
cblr-2946	640	4	usiness	usiness	PROPN
cblr-2946	640	5	la	la	PROPN
cblr-2946	640	6	w	w	PROPN
cblr-2946	640	7	re	re	PROPN
cblr-2946	640	8	vie	vie	PROPN
cblr-2946	640	9	w	w	PROPN
cblr-2946	641	1	[	[	X
cblr-2946	641	2	vol	vol	NOUN
cblr-2946	641	3	.	.	PUNCT
cblr-2946	641	4	2009	2009	NUM
cblr-2946	641	5	no	no	NOUN
cblr-2946	641	6	.	.	PUNCT
cblr-2946	642	1	2:605	2:605	NUM
cblr-2946	642	2	]	]	X
cblr-2946	642	3	credit	credit	NOUN
cblr-2946	642	4	rating	rating	NOUN
cblr-2946	642	5	agencies	agency	NOUN
cblr-2946	642	6	and	and	CCONJ
cblr-2946	642	7	the	the	DET
cblr-2946	642	8	credit	credit	NOUN
cblr-2946	642	9	crisis	crisis	NOUN
cblr-2946	642	10	demanding	demand	VERB
cblr-2946	642	11	accurate	accurate	ADJ
cblr-2946	642	12	ratings	rating	NOUN
cblr-2946	642	13	,	,	PUNCT
cblr-2946	642	14	issuers	issuer	NOUN
cblr-2946	642	15	had	have	VERB
cblr-2946	642	16	no	no	DET
cblr-2946	642	17	reason	reason	NOUN
cblr-2946	642	18	to	to	PART
cblr-2946	642	19	demand	demand	VERB
cblr-2946	642	20	a	a	DET
cblr-2946	642	21	high	high	ADJ
cblr-2946	642	22	-	-	PUNCT
cblr-2946	642	23	quality	quality	NOUN
cblr-2946	642	24	product	product	NOUN
cblr-2946	642	25	from	from	ADP
cblr-2946	642	26	the	the	DET
cblr-2946	642	27	cras	cras	X
cblr-2946	642	28	.	.	PUNCT
cblr-2946	643	1	to	to	PART
cblr-2946	643	2	maximize	maximize	VERB
cblr-2946	643	3	its	its	PRON
cblr-2946	643	4	business	business	NOUN
cblr-2946	643	5	in	in	ADP
cblr-2946	643	6	this	this	DET
cblr-2946	643	7	market	market	NOUN
cblr-2946	643	8	,	,	PUNCT
cblr-2946	643	9	therefore	therefore	ADV
cblr-2946	643	10	,	,	PUNCT
cblr-2946	643	11	the	the	DET
cblr-2946	643	12	cras	cras	X
cblr-2946	643	13	may	may	AUX
cblr-2946	643	14	have	have	AUX
cblr-2946	643	15	chosen	choose	VERB
cblr-2946	643	16	to	to	PART
cblr-2946	643	17	compete	compete	VERB
cblr-2946	643	18	by	by	ADP
cblr-2946	643	19	appeasing	appease	VERB
cblr-2946	643	20	issuers	issuer	NOUN
cblr-2946	643	21	.	.	PUNCT
cblr-2946	644	1	it	it	PRON
cblr-2946	644	2	is	be	AUX
cblr-2946	644	3	not	not	PART
cblr-2946	644	4	necessary	necessary	ADJ
cblr-2946	644	5	to	to	PART
cblr-2946	644	6	determine	determine	VERB
cblr-2946	644	7	whether	whether	SCONJ
cblr-2946	644	8	the	the	DET
cblr-2946	644	9	deterrence	deterrence	NOUN
cblr-2946	644	10	explanation	explanation	NOUN
cblr-2946	644	11	or	or	CCONJ
cblr-2946	644	12	the	the	DET
cblr-2946	644	13	market	market	NOUN
cblr-2946	644	14	bubble	bubble	NOUN
cblr-2946	644	15	explanation	explanation	NOUN
cblr-2946	644	16	better	well	ADJ
cblr-2946	644	17	accounts	account	NOUN
cblr-2946	644	18	for	for	ADP
cblr-2946	644	19	the	the	DET
cblr-2946	644	20	cras	cras	X
cblr-2946	644	21	'	'	PART
cblr-2946	644	22	seemingly	seemingly	ADV
cblr-2946	644	23	compromised	compromise	VERB
cblr-2946	644	24	ratings	rating	NOUN
cblr-2946	644	25	.	.	PUNCT
cblr-2946	645	1	the	the	DET
cblr-2946	645	2	two	two	NUM
cblr-2946	645	3	theories	theory	NOUN
cblr-2946	645	4	are	be	AUX
cblr-2946	645	5	complementary	complementary	ADJ
cblr-2946	645	6	rather	rather	ADV
cblr-2946	645	7	than	than	ADP
cblr-2946	645	8	contradictory	contradictory	ADJ
cblr-2946	645	9	.	.	PUNCT
cblr-2946	646	1	"	"	PUNCT
cblr-2946	646	2	'	'	PUNCT
cblr-2946	646	3	under	under	ADP
cblr-2946	646	4	both	both	DET
cblr-2946	646	5	theories	theory	NOUN
cblr-2946	646	6	,	,	PUNCT
cblr-2946	646	7	the	the	DET
cblr-2946	646	8	cras	cra	NOUN
cblr-2946	646	9	seemingly	seemingly	ADV
cblr-2946	646	10	inflated	inflate	VERB
cblr-2946	646	11	their	their	PRON
cblr-2946	646	12	ratings	rating	NOUN
cblr-2946	646	13	to	to	PART
cblr-2946	646	14	reap	reap	VERB
cblr-2946	646	15	the	the	DET
cblr-2946	646	16	gains	gain	NOUN
cblr-2946	646	17	presented	present	VERB
cblr-2946	646	18	by	by	ADP
cblr-2946	646	19	the	the	DET
cblr-2946	646	20	growth	growth	NOUN
cblr-2946	646	21	of	of	ADP
cblr-2946	646	22	the	the	DET
cblr-2946	646	23	structured	structured	ADJ
cblr-2946	646	24	finance	finance	NOUN
cblr-2946	646	25	market	market	NOUN
cblr-2946	646	26	,	,	PUNCT
cblr-2946	646	27	and	and	CCONJ
cblr-2946	646	28	a	a	DET
cblr-2946	646	29	possible	possible	ADJ
cblr-2946	646	30	regulatory	regulatory	ADJ
cblr-2946	646	31	response	response	NOUN
cblr-2946	646	32	may	may	AUX
cblr-2946	646	33	flow	flow	VERB
cblr-2946	646	34	from	from	ADP
cblr-2946	646	35	increasing	increase	VERB
cblr-2946	646	36	the	the	DET
cblr-2946	646	37	costs	cost	NOUN
cblr-2946	646	38	to	to	ADP
cblr-2946	646	39	the	the	DET
cblr-2946	646	40	cras	cra	NOUN
cblr-2946	646	41	of	of	ADP
cblr-2946	646	42	engaging	engage	VERB
cblr-2946	646	43	in	in	ADP
cblr-2946	646	44	this	this	DET
cblr-2946	646	45	undesirable	undesirable	ADJ
cblr-2946	646	46	conduct	conduct	NOUN
cblr-2946	646	47	.	.	PUNCT
cblr-2946	647	1	the	the	DET
cblr-2946	647	2	remainder	remainder	NOUN
cblr-2946	647	3	of	of	ADP
cblr-2946	647	4	this	this	DET
cblr-2946	647	5	note	note	NOUN
cblr-2946	647	6	seeks	seek	VERB
cblr-2946	647	7	to	to	PART
cblr-2946	647	8	evaluate	evaluate	VERB
cblr-2946	647	9	whether	whether	SCONJ
cblr-2946	647	10	the	the	DET
cblr-2946	647	11	current	current	ADJ
cblr-2946	647	12	regulatory	regulatory	ADJ
cblr-2946	647	13	regime	regime	NOUN
cblr-2946	647	14	,	,	PUNCT
cblr-2946	647	15	which	which	PRON
cblr-2946	647	16	is	be	AUX
cblr-2946	647	17	largely	largely	ADV
cblr-2946	647	18	reliant	reliant	ADJ
cblr-2946	647	19	on	on	ADP
cblr-2946	647	20	disclosure	disclosure	NOUN
cblr-2946	647	21	,	,	PUNCT
cblr-2946	647	22	will	will	AUX
cblr-2946	647	23	adequately	adequately	ADV
cblr-2946	647	24	increase	increase	VERB
cblr-2946	647	25	the	the	DET
cblr-2946	647	26	costs	cost	NOUN
cblr-2946	647	27	to	to	ADP
cblr-2946	647	28	the	the	DET
cblr-2946	647	29	cras	cra	NOUN
cblr-2946	647	30	of	of	ADP
cblr-2946	647	31	engaging	engage	VERB
cblr-2946	647	32	in	in	ADP
cblr-2946	647	33	ratings	rating	NOUN
cblr-2946	647	34	inflation	inflation	NOUN
cblr-2946	647	35	,	,	PUNCT
cblr-2946	647	36	thereby	thereby	ADV
cblr-2946	647	37	optimally	optimally	ADV
cblr-2946	647	38	deterring	deter	VERB
cblr-2946	647	39	this	this	DET
cblr-2946	647	40	behavior	behavior	NOUN
cblr-2946	647	41	.	.	PUNCT
cblr-2946	648	1	concluding	conclude	VERB
cblr-2946	648	2	that	that	SCONJ
cblr-2946	648	3	the	the	DET
cblr-2946	648	4	disclosure	disclosure	NOUN
cblr-2946	648	5	-	-	PUNCT
cblr-2946	648	6	based	base	VERB
cblr-2946	648	7	regime	regime	NOUN
cblr-2946	648	8	is	be	AUX
cblr-2946	648	9	not	not	PART
cblr-2946	648	10	sufficient	sufficient	ADJ
cblr-2946	648	11	,	,	PUNCT
cblr-2946	648	12	the	the	DET
cblr-2946	648	13	note	note	NOUN
cblr-2946	648	14	explores	explore	NOUN
cblr-2946	648	15	and	and	CCONJ
cblr-2946	648	16	critiques	critique	NOUN
cblr-2946	648	17	two	two	NUM
cblr-2946	648	18	proposals	proposal	NOUN
cblr-2946	648	19	that	that	PRON
cblr-2946	648	20	explicitly	explicitly	ADV
cblr-2946	648	21	impose	impose	VERB
cblr-2946	648	22	penalties	penalty	NOUN
cblr-2946	648	23	,	,	PUNCT
cblr-2946	648	24	referred	refer	VERB
cblr-2946	648	25	to	to	ADP
cblr-2946	648	26	as	as	ADP
cblr-2946	648	27	performance	performance	NOUN
cblr-2946	648	28	-	-	PUNCT
cblr-2946	648	29	based	base	VERB
cblr-2946	648	30	sanctions	sanction	NOUN
cblr-2946	648	31	,	,	PUNCT
cblr-2946	648	32	on	on	ADP
cblr-2946	648	33	cras	cras	PROPN
cblr-2946	648	34	for	for	ADP
cblr-2946	648	35	low	low	ADJ
cblr-2946	648	36	-	-	PUNCT
cblr-2946	648	37	quality	quality	NOUN
cblr-2946	648	38	ratings	rating	NOUN
cblr-2946	648	39	.	.	PUNCT
cblr-2946	649	1	iv	iv	X
cblr-2946	649	2	.	.	PUNCT
cblr-2946	650	1	countering	counter	VERB
cblr-2946	650	2	the	the	DET
cblr-2946	650	3	"	"	PUNCT
cblr-2946	650	4	issuer	issuer	NOUN
cblr-2946	650	5	pays	pay	VERB
cblr-2946	650	6	"	"	PUNCT
cblr-2946	650	7	conflict	conflict	NOUN
cblr-2946	650	8	:	:	PUNCT
cblr-2946	650	9	is	be	AUX
cblr-2946	650	10	disclosure	disclosure	NOUN
cblr-2946	650	11	sufficient	sufficient	ADJ
cblr-2946	650	12	?	?	PUNCT
cblr-2946	651	1	congress	congress	PROPN
cblr-2946	651	2	enacted	enact	VERB
cblr-2946	651	3	the	the	DET
cblr-2946	651	4	credit	credit	NOUN
cblr-2946	651	5	rating	rating	NOUN
cblr-2946	651	6	agency	agency	NOUN
cblr-2946	651	7	reform	reform	PROPN
cblr-2946	651	8	act	act	NOUN
cblr-2946	651	9	in	in	ADP
cblr-2946	651	10	2006	2006	NUM
cblr-2946	651	11	,	,	PUNCT
cblr-2946	651	12	and	and	CCONJ
cblr-2946	651	13	the	the	DET
cblr-2946	651	14	original	original	ADJ
cblr-2946	651	15	rules	rule	NOUN
cblr-2946	651	16	promulgated	promulgate	VERB
cblr-2946	651	17	by	by	ADP
cblr-2946	651	18	the	the	DET
cblr-2946	651	19	sec	sec	PROPN
cblr-2946	651	20	became	become	VERB
cblr-2946	651	21	effective	effective	ADJ
cblr-2946	651	22	in	in	ADP
cblr-2946	651	23	september	september	PROPN
cblr-2946	651	24	2007.1	2007.1	NUM
cblr-2946	651	25	thus	thus	ADV
cblr-2946	651	26	,	,	PUNCT
cblr-2946	651	27	by	by	ADP
cblr-2946	651	28	the	the	DET
cblr-2946	651	29	time	time	NOUN
cblr-2946	651	30	the	the	DET
cblr-2946	651	31	cras	cras	PROPN
cblr-2946	651	32	became	become	VERB
cblr-2946	651	33	subject	subject	ADJ
cblr-2946	651	34	to	to	ADP
cblr-2946	651	35	this	this	DET
cblr-2946	651	36	regulation	regulation	NOUN
cblr-2946	651	37	,	,	PUNCT
cblr-2946	651	38	the	the	DET
cblr-2946	651	39	low	low	ADJ
cblr-2946	651	40	quality	quality	NOUN
cblr-2946	651	41	of	of	ADP
cblr-2946	651	42	the	the	DET
cblr-2946	651	43	ratings	rating	NOUN
cblr-2946	651	44	on	on	ADP
cblr-2946	651	45	many	many	ADJ
cblr-2946	651	46	subprime	subprime	ADJ
cblr-2946	651	47	rmbs	rmb	NOUN
cblr-2946	651	48	and	and	CCONJ
cblr-2946	651	49	cdos	cdo	NOUN
cblr-2946	651	50	had	have	AUX
cblr-2946	651	51	already	already	ADV
cblr-2946	651	52	been	be	AUX
cblr-2946	651	53	revealed	reveal	VERB
cblr-2946	651	54	.	.	PUNCT
cblr-2946	652	1	"8	"8	NOUN
cblr-2946	652	2	6	6	NUM
cblr-2946	652	3	this	this	DET
cblr-2946	652	4	section	section	NOUN
cblr-2946	652	5	seeks	seek	VERB
cblr-2946	652	6	to	to	PART
cblr-2946	652	7	evaluate	evaluate	VERB
cblr-2946	652	8	whether	whether	SCONJ
cblr-2946	652	9	disclosure	disclosure	NOUN
cblr-2946	652	10	offers	offer	VERB
cblr-2946	652	11	a	a	DET
cblr-2946	652	12	promising	promising	ADJ
cblr-2946	652	13	solution	solution	NOUN
cblr-2946	652	14	for	for	ADP
cblr-2946	652	15	deterring	deter	VERB
cblr-2946	652	16	cras	cras	X
cblr-2946	652	17	"	"	PUNCT
cblr-2946	652	18	i	i	PRON
cblr-2946	652	19	d.	d.	PROPN
cblr-2946	652	20	at	at	ADP
cblr-2946	652	21	330	330	NUM
cblr-2946	652	22	(	(	PUNCT
cblr-2946	652	23	noting	note	VERB
cblr-2946	652	24	that	that	SCONJ
cblr-2946	652	25	the	the	DET
cblr-2946	652	26	explanations	explanation	NOUN
cblr-2946	652	27	are	be	AUX
cblr-2946	652	28	complementary	complementary	ADJ
cblr-2946	652	29	)	)	PUNCT
cblr-2946	652	30	.	.	PUNCT
cblr-2946	653	1	professor	professor	NOUN
cblr-2946	653	2	coffee	coffee	NOUN
cblr-2946	653	3	does	do	AUX
cblr-2946	653	4	note	note	VERB
cblr-2946	653	5	that	that	SCONJ
cblr-2946	653	6	if	if	SCONJ
cblr-2946	653	7	one	one	NOUN
cblr-2946	653	8	accepts	accept	VERB
cblr-2946	653	9	the	the	DET
cblr-2946	653	10	bubble	bubble	NOUN
cblr-2946	653	11	explanation	explanation	NOUN
cblr-2946	653	12	as	as	ADP
cblr-2946	653	13	the	the	DET
cblr-2946	653	14	cause	cause	NOUN
cblr-2946	653	15	of	of	ADP
cblr-2946	653	16	gatekeeper	gatekeeper	NOUN
cblr-2946	653	17	failure	failure	NOUN
cblr-2946	653	18	,	,	PUNCT
cblr-2946	653	19	the	the	DET
cblr-2946	653	20	problem	problem	NOUN
cblr-2946	653	21	may	may	AUX
cblr-2946	653	22	be	be	AUX
cblr-2946	653	23	self	self	NOUN
cblr-2946	653	24	-	-	PUNCT
cblr-2946	653	25	correcting	correct	VERB
cblr-2946	653	26	.	.	PUNCT
cblr-2946	654	1	i	i	PRON
cblr-2946	654	2	d.	d.	PROPN
cblr-2946	654	3	at	at	ADP
cblr-2946	654	4	330	330	NUM
cblr-2946	654	5	.	.	PUNCT
cblr-2946	654	6	185	185	NUM
cblr-2946	654	7	registration	registration	NOUN
cblr-2946	654	8	of	of	ADP
cblr-2946	654	9	nationally	nationally	ADV
cblr-2946	654	10	recognized	recognize	VERB
cblr-2946	654	11	statistical	statistical	ADJ
cblr-2946	654	12	rating	rating	NOUN
cblr-2946	654	13	organizations	organization	NOUN
cblr-2946	654	14	,	,	PUNCT
cblr-2946	654	15	15	15	NUM
cblr-2946	654	16	u.s.c	u.s.c	ADJ
cblr-2946	654	17	.	.	PUNCT
cblr-2946	655	1	§	§	PROPN
cblr-2946	655	2	78o-7	78o-7	PROPN
cblr-2946	655	3	(	(	PUNCT
cblr-2946	655	4	2009	2009	NUM
cblr-2946	655	5	)	)	PUNCT
cblr-2946	655	6	;	;	PUNCT
cblr-2946	655	7	sec	sec	PROPN
cblr-2946	655	8	july	july	PROPN
cblr-2946	655	9	2008	2008	NUM
cblr-2946	655	10	report	report	NOUN
cblr-2946	655	11	,	,	PUNCT
cblr-2946	655	12	supra	supra	PROPN
cblr-2946	655	13	note	note	NOUN
cblr-2946	655	14	47	47	NUM
cblr-2946	655	15	,	,	PUNCT
cblr-2946	655	16	at	at	ADP
cblr-2946	655	17	15	15	NUM
cblr-2946	655	18	.	.	PUNCT
cblr-2946	656	1	"	"	PUNCT
cblr-2946	656	2	'	'	PUNCT
cblr-2946	656	3	see	see	VERB
cblr-2946	656	4	supra	supra	PROPN
cblr-2946	656	5	part	part	NOUN
cblr-2946	656	6	ii.b.4	ii.b.4	PROPN
cblr-2946	656	7	.	.	PUNCT
cblr-2946	656	8	from	from	ADP
cblr-2946	656	9	acquiescing	acquiesce	VERB
cblr-2946	656	10	to	to	ADP
cblr-2946	656	11	the	the	DET
cblr-2946	656	12	issuer	issuer	NOUN
cblr-2946	656	13	pays	pay	VERB
cblr-2946	656	14	conflict	conflict	NOUN
cblr-2946	656	15	.	.	PUNCT
cblr-2946	657	1	it	it	PRON
cblr-2946	657	2	begins	begin	VERB
cblr-2946	657	3	by	by	ADP
cblr-2946	657	4	describing	describe	VERB
cblr-2946	657	5	the	the	DET
cblr-2946	657	6	disclosure	disclosure	NOUN
cblr-2946	657	7	presently	presently	ADV
cblr-2946	657	8	required	require	VERB
cblr-2946	657	9	under	under	ADP
cblr-2946	657	10	the	the	DET
cblr-2946	657	11	act	act	NOUN
cblr-2946	657	12	and	and	CCONJ
cblr-2946	657	13	the	the	DET
cblr-2946	657	14	sec	sec	PROPN
cblr-2946	657	15	's	's	PART
cblr-2946	657	16	rules	rule	NOUN
cblr-2946	657	17	.	.	PUNCT
cblr-2946	658	1	recently	recently	ADV
cblr-2946	658	2	adopted	adopt	VERB
cblr-2946	658	3	amendments	amendment	NOUN
cblr-2946	658	4	to	to	ADP
cblr-2946	658	5	these	these	DET
cblr-2946	658	6	rules	rule	NOUN
cblr-2946	658	7	as	as	ADV
cblr-2946	658	8	well	well	ADV
cblr-2946	658	9	as	as	ADP
cblr-2946	658	10	proposals	proposal	NOUN
cblr-2946	658	11	currently	currently	ADV
cblr-2946	658	12	under	under	ADP
cblr-2946	658	13	consideration	consideration	NOUN
cblr-2946	658	14	will	will	AUX
cblr-2946	658	15	also	also	ADV
cblr-2946	658	16	be	be	AUX
cblr-2946	658	17	discussed	discuss	VERB
cblr-2946	658	18	.	.	PUNCT
cblr-2946	659	1	"8	"8	NOUN
cblr-2946	659	2	7	7	NUM
cblr-2946	659	3	the	the	DET
cblr-2946	659	4	section	section	NOUN
cblr-2946	659	5	then	then	ADV
cblr-2946	659	6	explores	explore	VERB
cblr-2946	659	7	the	the	DET
cblr-2946	659	8	theory	theory	NOUN
cblr-2946	659	9	underlying	underlie	VERB
cblr-2946	659	10	disclosure	disclosure	NOUN
cblr-2946	659	11	as	as	ADP
cblr-2946	659	12	a	a	DET
cblr-2946	659	13	regulatory	regulatory	ADJ
cblr-2946	659	14	tool	tool	NOUN
cblr-2946	659	15	in	in	ADP
cblr-2946	659	16	this	this	DET
cblr-2946	659	17	context	context	NOUN
cblr-2946	659	18	and	and	CCONJ
cblr-2946	659	19	suggests	suggest	VERB
cblr-2946	659	20	reasons	reason	NOUN
cblr-2946	659	21	why	why	SCONJ
cblr-2946	659	22	disclosure	disclosure	NOUN
cblr-2946	659	23	may	may	AUX
cblr-2946	659	24	not	not	PART
cblr-2946	659	25	be	be	AUX
cblr-2946	659	26	sufficient	sufficient	ADJ
cblr-2946	659	27	to	to	PART
cblr-2946	659	28	correct	correct	VERB
cblr-2946	659	29	against	against	ADP
cblr-2946	659	30	a	a	DET
cblr-2946	659	31	similar	similar	ADJ
cblr-2946	659	32	conflict	conflict	NOUN
cblr-2946	659	33	of	of	ADP
cblr-2946	659	34	interest	interest	NOUN
cblr-2946	659	35	problem	problem	NOUN
cblr-2946	659	36	in	in	ADP
cblr-2946	659	37	the	the	DET
cblr-2946	659	38	future	future	NOUN
cblr-2946	659	39	.	.	PUNCT
cblr-2946	660	1	a.	a.	NOUN
cblr-2946	660	2	current	current	PROPN
cblr-2946	660	3	and	and	CCONJ
cblr-2946	660	4	proposed	propose	VERB
cblr-2946	660	5	disclosure	disclosure	NOUN
cblr-2946	660	6	-	-	PUNCT
cblr-2946	660	7	based	base	VERB
cblr-2946	660	8	regulations	regulation	NOUN
cblr-2946	660	9	1	1	NUM
cblr-2946	660	10	.	.	PUNCT
cblr-2946	661	1	the	the	DET
cblr-2946	661	2	original	original	ADJ
cblr-2946	661	3	regulatory	regulatory	ADJ
cblr-2946	661	4	requirements	requirement	NOUN
cblr-2946	661	5	the	the	DET
cblr-2946	661	6	2006	2006	NUM
cblr-2946	661	7	act	act	NOUN
cblr-2946	661	8	requires	require	VERB
cblr-2946	661	9	that	that	SCONJ
cblr-2946	661	10	an	an	DET
cblr-2946	661	11	applicant	applicant	NOUN
cblr-2946	661	12	for	for	ADP
cblr-2946	661	13	the	the	DET
cblr-2946	661	14	nrsro	nrsro	ADJ
cblr-2946	661	15	designation	designation	NOUN
cblr-2946	661	16	disclose	disclose	VERB
cblr-2946	661	17	any	any	DET
cblr-2946	661	18	"	"	PUNCT
cblr-2946	661	19	conflict	conflict	NOUN
cblr-2946	661	20	of	of	ADP
cblr-2946	661	21	interest	interest	NOUN
cblr-2946	661	22	relating	relate	VERB
cblr-2946	661	23	to	to	ADP
cblr-2946	661	24	the	the	DET
cblr-2946	661	25	issuance	issuance	NOUN
cblr-2946	661	26	of	of	ADP
cblr-2946	661	27	credit	credit	NOUN
cblr-2946	661	28	ratings	rating	NOUN
cblr-2946	661	29	by	by	ADP
cblr-2946	661	30	the	the	DET
cblr-2946	661	31	applicant	applicant	NOUN
cblr-2946	661	32	"	"	PUNCT
cblr-2946	661	33	on	on	ADP
cblr-2946	661	34	its	its	PRON
cblr-2946	661	35	form	form	NOUN
cblr-2946	661	36	nrsro	nrsro	ADJ
cblr-2946	661	37	,	,	PUNCT
cblr-2946	661	38	the	the	DET
cblr-2946	661	39	application	application	NOUN
cblr-2946	661	40	document	document	NOUN
cblr-2946	661	41	that	that	PRON
cblr-2946	661	42	an	an	DET
cblr-2946	661	43	applicant	applicant	NOUN
cblr-2946	661	44	must	must	AUX
cblr-2946	661	45	submit	submit	VERB
cblr-2946	661	46	to	to	ADP
cblr-2946	661	47	the	the	DET
cblr-2946	661	48	sec	sec	PROPN
cblr-2946	661	49	.	.	PROPN
cblr-2946	661	50	8	8	NUM
cblr-2946	661	51	'	'	PART
cblr-2946	661	52	once	once	SCONJ
cblr-2946	661	53	an	an	DET
cblr-2946	661	54	applicant	applicant	NOUN
cblr-2946	661	55	is	be	AUX
cblr-2946	661	56	granted	grant	VERB
cblr-2946	661	57	nrsro	nrsro	ADJ
cblr-2946	661	58	status	status	NOUN
cblr-2946	661	59	,	,	PUNCT
cblr-2946	661	60	it	it	PRON
cblr-2946	661	61	must	must	AUX
cblr-2946	661	62	make	make	VERB
cblr-2946	661	63	the	the	DET
cblr-2946	661	64	information	information	NOUN
cblr-2946	661	65	provided	provide	VERB
cblr-2946	661	66	in	in	ADP
cblr-2946	661	67	its	its	PRON
cblr-2946	661	68	application	application	NOUN
cblr-2946	661	69	available	available	ADJ
cblr-2946	661	70	on	on	ADP
cblr-2946	661	71	its	its	PRON
cblr-2946	661	72	website	website	NOUN
cblr-2946	661	73	or	or	CCONJ
cblr-2946	661	74	through	through	ADP
cblr-2946	661	75	another	another	DET
cblr-2946	661	76	"	"	PUNCT
cblr-2946	661	77	comparable	comparable	ADJ
cblr-2946	661	78	,	,	PUNCT
cblr-2946	661	79	readily	readily	ADV
cblr-2946	661	80	accessible	accessible	ADJ
cblr-2946	661	81	means	mean	NOUN
cblr-2946	661	82	.	.	PUNCT
cblr-2946	662	1	"189	"189	PROPN
cblr-2946	662	2	while	while	SCONJ
cblr-2946	662	3	congress	congress	PROPN
cblr-2946	662	4	gave	give	VERB
cblr-2946	662	5	the	the	DET
cblr-2946	662	6	sec	sec	PROPN
cblr-2946	662	7	authority	authority	NOUN
cblr-2946	662	8	to	to	PART
cblr-2946	662	9	prohibit	prohibit	VERB
cblr-2946	662	10	conflicts	conflict	NOUN
cblr-2946	662	11	of	of	ADP
cblr-2946	662	12	interest	interest	NOUN
cblr-2946	662	13	,	,	PUNCT
cblr-2946	662	14	including	include	VERB
cblr-2946	662	15	those	those	PRON
cblr-2946	662	16	stemming	stem	VERB
cblr-2946	662	17	from	from	ADP
cblr-2946	662	18	the	the	DET
cblr-2946	662	19	issuer	issuer	NOUN
cblr-2946	662	20	pays	pay	VERB
cblr-2946	662	21	model	model	PROPN
cblr-2946	662	22	,	,	PUNCT
cblr-2946	662	23	the	the	DET
cblr-2946	662	24	sec	sec	PROPN
cblr-2946	662	25	opted	opt	VERB
cblr-2946	662	26	only	only	ADV
cblr-2946	662	27	to	to	PART
cblr-2946	662	28	require	require	VERB
cblr-2946	662	29	that	that	SCONJ
cblr-2946	662	30	nrsros	nrsros	PROPN
cblr-2946	662	31	establish	establish	VERB
cblr-2946	662	32	,	,	PUNCT
cblr-2946	662	33	maintain	maintain	VERB
cblr-2946	662	34	,	,	PUNCT
cblr-2946	662	35	and	and	CCONJ
cblr-2946	662	36	enforce	enforce	VERB
cblr-2946	662	37	written	write	VERB
cblr-2946	662	38	policies	policy	NOUN
cblr-2946	662	39	and	and	CCONJ
cblr-2946	662	40	procedures	procedure	NOUN
cblr-2946	662	41	to	to	PART
cblr-2946	662	42	manage	manage	VERB
cblr-2946	662	43	the	the	DET
cblr-2946	662	44	187	187	NUM
cblr-2946	662	45	on	on	ADP
cblr-2946	662	46	december	december	PROPN
cblr-2946	662	47	3	3	NUM
cblr-2946	662	48	,	,	PUNCT
cblr-2946	662	49	2008	2008	NUM
cblr-2946	662	50	,	,	PUNCT
cblr-2946	662	51	the	the	DET
cblr-2946	662	52	sec	sec	PROPN
cblr-2946	662	53	adopted	adopt	VERB
cblr-2946	662	54	amendments	amendment	NOUN
cblr-2946	662	55	to	to	ADP
cblr-2946	662	56	the	the	DET
cblr-2946	662	57	rules	rule	NOUN
cblr-2946	662	58	it	it	PRON
cblr-2946	662	59	originally	originally	ADV
cblr-2946	662	60	promulgated	promulgate	VERB
cblr-2946	662	61	under	under	ADP
cblr-2946	662	62	the	the	DET
cblr-2946	662	63	act	act	NOUN
cblr-2946	662	64	and	and	CCONJ
cblr-2946	662	65	proposed	propose	VERB
cblr-2946	662	66	additional	additional	ADJ
cblr-2946	662	67	amendments	amendment	NOUN
cblr-2946	662	68	presently	presently	ADV
cblr-2946	662	69	under	under	ADP
cblr-2946	662	70	consideration	consideration	NOUN
cblr-2946	662	71	.	.	PUNCT
cblr-2946	663	1	press	press	NOUN
cblr-2946	663	2	release	release	NOUN
cblr-2946	663	3	,	,	PUNCT
cblr-2946	663	4	sec	sec	PROPN
cblr-2946	663	5	,	,	PUNCT
cblr-2946	663	6	sec	sec	PROPN
cblr-2946	663	7	approves	approve	VERB
cblr-2946	663	8	measures	measure	NOUN
cblr-2946	663	9	to	to	PART
cblr-2946	663	10	strengthen	strengthen	VERB
cblr-2946	663	11	oversight	oversight	NOUN
cblr-2946	663	12	of	of	ADP
cblr-2946	663	13	credit	credit	NOUN
cblr-2946	663	14	rating	rating	NOUN
cblr-2946	663	15	agencies	agency	NOUN
cblr-2946	663	16	(	(	PUNCT
cblr-2946	663	17	dec	dec	PROPN
cblr-2946	663	18	.	.	PROPN
cblr-2946	663	19	3	3	NUM
cblr-2946	663	20	,	,	PUNCT
cblr-2946	663	21	2008	2008	NUM
cblr-2946	663	22	)	)	PUNCT
cblr-2946	664	1	[	[	X
cblr-2946	664	2	hereinafter	hereinafter	NOUN
cblr-2946	664	3	sec	sec	PROPN
cblr-2946	664	4	dec	dec	PROPN
cblr-2946	664	5	.	.	PUNCT
cblr-2946	665	1	press	press	NOUN
cblr-2946	665	2	release	release	NOUN
cblr-2946	665	3	]	]	PUNCT
cblr-2946	665	4	,	,	PUNCT
cblr-2946	665	5	available	available	ADJ
cblr-2946	665	6	at	at	ADP
cblr-2946	665	7	http://www.sec.gov/news/	http://www.sec.gov/news/	PROPN
cblr-2946	665	8	press/2008/2008	press/2008/2008	NOUN
cblr-2946	665	9	-	-	PUNCT
cblr-2946	665	10	284.htm	284.htm	NUM
cblr-2946	665	11	;	;	PUNCT
cblr-2946	665	12	amendments	amendment	NOUN
cblr-2946	665	13	to	to	ADP
cblr-2946	665	14	rules	rule	NOUN
cblr-2946	665	15	for	for	ADP
cblr-2946	665	16	nationally	nationally	ADV
cblr-2946	665	17	recognized	recognize	VERB
cblr-2946	665	18	statistical	statistical	ADJ
cblr-2946	665	19	rating	rating	NOUN
cblr-2946	665	20	organizations	organization	NOUN
cblr-2946	665	21	,	,	PUNCT
cblr-2946	665	22	exchange	exchange	NOUN
cblr-2946	665	23	act	act	NOUN
cblr-2946	665	24	release	release	VERB
cblr-2946	665	25	no	no	NOUN
cblr-2946	665	26	.	.	NOUN
cblr-2946	665	27	59,342	59,342	NUM
cblr-2946	665	28	,	,	PUNCT
cblr-2946	665	29	2009	2009	NUM
cblr-2946	665	30	sec	sec	PROPN
cblr-2946	665	31	lexis	lexis	NOUN
cblr-2946	665	32	239	239	NUM
cblr-2946	665	33	(	(	PUNCT
cblr-2946	665	34	feb	feb	X
cblr-2946	665	35	.	.	PROPN
cblr-2946	665	36	2	2	NUM
cblr-2946	665	37	,	,	PUNCT
cblr-2946	665	38	2009	2009	NUM
cblr-2946	665	39	)	)	PUNCT
cblr-2946	665	40	;	;	PUNCT
cblr-2946	665	41	re	re	VERB
cblr-2946	665	42	-	-	VERB
cblr-2946	665	43	proposed	propose	VERB
cblr-2946	665	44	rules	rule	NOUN
cblr-2946	665	45	for	for	ADP
cblr-2946	665	46	nationally	nationally	ADV
cblr-2946	665	47	recognized	recognize	VERB
cblr-2946	665	48	statistical	statistical	ADJ
cblr-2946	665	49	rating	rating	NOUN
cblr-2946	665	50	organizations	organization	NOUN
cblr-2946	665	51	,	,	PUNCT
cblr-2946	665	52	exchange	exchange	NOUN
cblr-2946	665	53	act	act	NOUN
cblr-2946	665	54	release	release	VERB
cblr-2946	665	55	no	no	PROPN
cblr-2946	665	56	.	.	NOUN
cblr-2946	665	57	59,343	59,343	NUM
cblr-2946	665	58	,	,	PUNCT
cblr-2946	665	59	2009	2009	NUM
cblr-2946	665	60	sec	sec	PROPN
cblr-2946	665	61	lexis	lexis	X
cblr-2946	665	62	240	240	NUM
cblr-2946	665	63	(	(	PUNCT
cblr-2946	665	64	feb	feb	X
cblr-2946	665	65	.	.	PROPN
cblr-2946	665	66	2	2	NUM
cblr-2946	665	67	,	,	PUNCT
cblr-2946	665	68	2009	2009	NUM
cblr-2946	665	69	)	)	PUNCT
cblr-2946	665	70	.	.	PUNCT
cblr-2946	666	1	188	188	NUM
cblr-2946	666	2	15	15	NUM
cblr-2946	666	3	u.s.c	u.s.c	NOUN
cblr-2946	666	4	.	.	PUNCT
cblr-2946	667	1	§	§	PROPN
cblr-2946	667	2	78o-7(a)(1)(b)(vi	78o-7(a)(1)(b)(vi	NUM
cblr-2946	667	3	)	)	PUNCT
cblr-2946	667	4	;	;	PUNCT
cblr-2946	667	5	17	17	NUM
cblr-2946	667	6	c.f.r	c.f.r	NOUN
cblr-2946	667	7	.	.	PUNCT
cblr-2946	668	1	§	§	PROPN
cblr-2946	668	2	249b.300	249b.300	NUM
cblr-2946	668	3	(	(	PUNCT
cblr-2946	668	4	2009	2009	NUM
cblr-2946	668	5	)	)	PUNCT
cblr-2946	668	6	.	.	PUNCT
cblr-2946	669	1	189	189	NUM
cblr-2946	669	2	15	15	NUM
cblr-2946	669	3	u.s.c	u.s.c	NOUN
cblr-2946	669	4	.	.	PUNCT
cblr-2946	670	1	§	§	PROPN
cblr-2946	670	2	78o-7(a)(3	78o-7(a)(3	NUM
cblr-2946	670	3	)	)	PUNCT
cblr-2946	670	4	.	.	PUNCT
cblr-2946	671	1	col	col	PROPN
cblr-2946	671	2	umbia	umbia	PROPN
cblr-2946	671	3	b	b	PROPN
cblr-2946	671	4	usiness	usiness	PROPN
cblr-2946	671	5	la	la	PROPN
cblr-2946	671	6	w	w	PROPN
cblr-2946	671	7	re	re	PROPN
cblr-2946	671	8	vie	vie	PROPN
cblr-2946	671	9	w	w	PROPN
cblr-2946	672	1	[	[	X
cblr-2946	672	2	vol	vol	NOUN
cblr-2946	672	3	.	.	PUNCT
cblr-2946	672	4	2009	2009	NUM
cblr-2946	672	5	no	no	NOUN
cblr-2946	672	6	.	.	PUNCT
cblr-2946	673	1	2:605	2:605	NUM
cblr-2946	673	2	]	]	X
cblr-2946	673	3	credit	credit	NOUN
cblr-2946	673	4	rating	rating	NOUN
cblr-2946	673	5	agencies	agency	NOUN
cblr-2946	673	6	and	and	CCONJ
cblr-2946	673	7	the	the	DET
cblr-2946	673	8	credit	credit	NOUN
cblr-2946	673	9	crisis	crisis	NOUN
cblr-2946	673	10	647	647	NUM
cblr-2946	673	11	conflict	conflict	NOUN
cblr-2946	673	12	.	.	PUNCT
cblr-2946	674	1	10	10	NUM
cblr-2946	674	2	an	an	DET
cblr-2946	674	3	agency	agency	NOUN
cblr-2946	674	4	has	have	VERB
cblr-2946	674	5	to	to	PART
cblr-2946	674	6	disclose	disclose	VERB
cblr-2946	674	7	these	these	DET
cblr-2946	674	8	procedures	procedure	NOUN
cblr-2946	674	9	as	as	ADP
cblr-2946	674	10	an	an	DET
cblr-2946	674	11	exhibit	exhibit	NOUN
cblr-2946	674	12	to	to	ADP
cblr-2946	674	13	its	its	PRON
cblr-2946	674	14	form	form	NOUN
cblr-2946	674	15	nrsro.15	nrsro.15	NOUN
cblr-2946	674	16	'	'	PUNCT
cblr-2946	674	17	on	on	ADP
cblr-2946	674	18	the	the	DET
cblr-2946	674	19	one	one	NUM
cblr-2946	674	20	hand	hand	NOUN
cblr-2946	674	21	,	,	PUNCT
cblr-2946	674	22	congress	congress	PROPN
cblr-2946	674	23	gave	give	VERB
cblr-2946	674	24	the	the	DET
cblr-2946	674	25	sec	sec	PROPN
cblr-2946	674	26	exclusive	exclusive	ADJ
cblr-2946	674	27	authority	authority	NOUN
cblr-2946	674	28	to	to	PART
cblr-2946	674	29	enforce	enforce	VERB
cblr-2946	674	30	the	the	DET
cblr-2946	674	31	provisions	provision	NOUN
cblr-2946	674	32	of	of	ADP
cblr-2946	674	33	the	the	DET
cblr-2946	674	34	act	act	NOUN
cblr-2946	674	35	if	if	SCONJ
cblr-2946	674	36	an	an	DET
cblr-2946	674	37	nrsro	nrsro	ADJ
cblr-2946	674	38	issues	issue	NOUN
cblr-2946	674	39	ratings	rating	NOUN
cblr-2946	674	40	in	in	ADP
cblr-2946	674	41	"	"	PUNCT
cblr-2946	674	42	material	material	ADJ
cblr-2946	674	43	contravention	contravention	NOUN
cblr-2946	674	44	"	"	PUNCT
cblr-2946	674	45	of	of	ADP
cblr-2946	674	46	the	the	DET
cblr-2946	674	47	procedures	procedure	NOUN
cblr-2946	674	48	it	it	PRON
cblr-2946	674	49	has	have	AUX
cblr-2946	674	50	developed	develop	VERB
cblr-2946	674	51	and	and	CCONJ
cblr-2946	674	52	disclosed	disclose	VERB
cblr-2946	674	53	for	for	ADP
cblr-2946	674	54	managing	manage	VERB
cblr-2946	674	55	conflicts	conflict	NOUN
cblr-2946	674	56	,	,	PUNCT
cblr-2946	674	57	and	and	CCONJ
cblr-2946	674	58	the	the	DET
cblr-2946	674	59	sec	sec	PROPN
cblr-2946	674	60	may	may	AUX
cblr-2946	674	61	revoke	revoke	VERB
cblr-2946	674	62	the	the	DET
cblr-2946	674	63	registration	registration	NOUN
cblr-2946	674	64	of	of	ADP
cblr-2946	674	65	an	an	DET
cblr-2946	674	66	nrsro	nrsro	NOUN
cblr-2946	674	67	that	that	PRON
cblr-2946	674	68	does	do	AUX
cblr-2946	674	69	so.192	so.192	VERB
cblr-2946	674	70	on	on	ADP
cblr-2946	674	71	the	the	DET
cblr-2946	674	72	other	other	ADJ
cblr-2946	674	73	hand	hand	NOUN
cblr-2946	674	74	,	,	PUNCT
cblr-2946	674	75	this	this	PRON
cblr-2946	674	76	would	would	AUX
cblr-2946	674	77	necessarily	necessarily	ADV
cblr-2946	674	78	result	result	VERB
cblr-2946	674	79	in	in	ADP
cblr-2946	674	80	a	a	DET
cblr-2946	674	81	fact	fact	NOUN
cblr-2946	674	82	-	-	PUNCT
cblr-2946	674	83	intensive	intensive	ADJ
cblr-2946	674	84	inquiry	inquiry	NOUN
cblr-2946	674	85	that	that	PRON
cblr-2946	674	86	would	would	AUX
cblr-2946	674	87	require	require	VERB
cblr-2946	674	88	a	a	DET
cblr-2946	674	89	substantial	substantial	ADJ
cblr-2946	674	90	commitment	commitment	NOUN
cblr-2946	674	91	of	of	ADP
cblr-2946	674	92	investigative	investigative	ADJ
cblr-2946	674	93	resources	resource	NOUN
cblr-2946	674	94	on	on	ADP
cblr-2946	674	95	the	the	DET
cblr-2946	674	96	part	part	NOUN
cblr-2946	674	97	of	of	ADP
cblr-2946	674	98	the	the	DET
cblr-2946	674	99	sec	sec	PROPN
cblr-2946	674	100	.	.	PUNCT
cblr-2946	675	1	thus	thus	ADV
cblr-2946	675	2	,	,	PUNCT
cblr-2946	675	3	policymakers	policymaker	NOUN
cblr-2946	675	4	are	be	AUX
cblr-2946	675	5	primarily	primarily	ADV
cblr-2946	675	6	relying	rely	VERB
cblr-2946	675	7	on	on	ADP
cblr-2946	675	8	disclosure	disclosure	NOUN
cblr-2946	675	9	of	of	ADP
cblr-2946	675	10	the	the	DET
cblr-2946	675	11	conflicts	conflict	NOUN
cblr-2946	675	12	and	and	CCONJ
cblr-2946	675	13	of	of	ADP
cblr-2946	675	14	the	the	DET
cblr-2946	675	15	procedures	procedure	NOUN
cblr-2946	675	16	an	an	DET
cblr-2946	675	17	nrsro	nrsro	NOUN
cblr-2946	675	18	has	have	VERB
cblr-2946	675	19	in	in	ADP
cblr-2946	675	20	place	place	NOUN
cblr-2946	675	21	for	for	ADP
cblr-2946	675	22	managing	manage	VERB
cblr-2946	675	23	those	those	DET
cblr-2946	675	24	conflicts	conflict	NOUN
cblr-2946	675	25	to	to	PART
cblr-2946	675	26	protect	protect	VERB
cblr-2946	675	27	investors	investor	NOUN
cblr-2946	675	28	.	.	PUNCT
cblr-2946	676	1	93	93	NUM
cblr-2946	676	2	190	190	NUM
cblr-2946	676	3	15	15	NUM
cblr-2946	676	4	u.s.c	u.s.c	NOUN
cblr-2946	676	5	.	.	PUNCT
cblr-2946	677	1	§	§	PROPN
cblr-2946	677	2	78o-7(h)(2)(a	78o-7(h)(2)(a	NUM
cblr-2946	677	3	)	)	PUNCT
cblr-2946	677	4	(	(	PUNCT
cblr-2946	677	5	granting	grant	VERB
cblr-2946	677	6	the	the	DET
cblr-2946	677	7	sec	sec	PROPN
cblr-2946	677	8	authority	authority	NOUN
cblr-2946	677	9	to	to	PART
cblr-2946	677	10	prohibit	prohibit	VERB
cblr-2946	677	11	conflicts	conflict	NOUN
cblr-2946	677	12	of	of	ADP
cblr-2946	677	13	interest	interest	NOUN
cblr-2946	677	14	,	,	PUNCT
cblr-2946	677	15	including	include	VERB
cblr-2946	677	16	conflicts	conflict	NOUN
cblr-2946	677	17	related	relate	VERB
cblr-2946	677	18	to	to	ADP
cblr-2946	677	19	the	the	DET
cblr-2946	677	20	way	way	NOUN
cblr-2946	677	21	an	an	DET
cblr-2946	677	22	obligor	obligor	ADJ
cblr-2946	677	23	compensates	compensate	NOUN
cblr-2946	677	24	the	the	DET
cblr-2946	677	25	cra	cra	PROPN
cblr-2946	677	26	)	)	PUNCT
cblr-2946	677	27	;	;	PUNCT
cblr-2946	677	28	17	17	NUM
cblr-2946	677	29	c.f.r	c.f.r	NOUN
cblr-2946	677	30	.	.	PUNCT
cblr-2946	678	1	§	§	PROPN
cblr-2946	678	2	240.17g-5(a)(1)-(2	240.17g-5(a)(1)-(2	PROPN
cblr-2946	678	3	)	)	PUNCT
cblr-2946	678	4	(	(	PUNCT
cblr-2946	678	5	prohibiting	prohibit	VERB
cblr-2946	678	6	an	an	DET
cblr-2946	678	7	nrsro	nrsro	NOUN
cblr-2946	678	8	from	from	ADP
cblr-2946	678	9	having	have	VERB
cblr-2946	678	10	a	a	DET
cblr-2946	678	11	conflict	conflict	NOUN
cblr-2946	678	12	of	of	ADP
cblr-2946	678	13	interest	interest	NOUN
cblr-2946	678	14	unless	unless	SCONJ
cblr-2946	678	15	it	it	PRON
cblr-2946	678	16	has	have	AUX
cblr-2946	678	17	disclosed	disclose	VERB
cblr-2946	678	18	and	and	CCONJ
cblr-2946	678	19	taken	take	VERB
cblr-2946	678	20	the	the	DET
cblr-2946	678	21	necessary	necessary	ADJ
cblr-2946	678	22	steps	step	NOUN
cblr-2946	678	23	to	to	PART
cblr-2946	678	24	manage	manage	VERB
cblr-2946	678	25	it	it	PRON
cblr-2946	678	26	)	)	PUNCT
cblr-2946	678	27	.	.	PUNCT
cblr-2946	679	1	17	17	NUM
cblr-2946	679	2	c.f.r	c.f.r	NOUN
cblr-2946	679	3	.	.	PUNCT
cblr-2946	680	1	§	§	PROPN
cblr-2946	680	2	240.17g-5(c	240.17g-5(c	NUM
cblr-2946	680	3	)	)	PUNCT
cblr-2946	680	4	does	do	AUX
cblr-2946	680	5	in	in	ADP
cblr-2946	680	6	fact	fact	NOUN
cblr-2946	680	7	prohibit	prohibit	VERB
cblr-2946	680	8	nrsros	nrsro	NOUN
cblr-2946	680	9	from	from	ADP
cblr-2946	680	10	having	have	VERB
cblr-2946	680	11	specific	specific	ADJ
cblr-2946	680	12	types	type	NOUN
cblr-2946	680	13	of	of	ADP
cblr-2946	680	14	conflicts	conflict	NOUN
cblr-2946	680	15	.	.	PUNCT
cblr-2946	681	1	an	an	DET
cblr-2946	681	2	nrsro	nrsro	NOUN
cblr-2946	681	3	may	may	AUX
cblr-2946	681	4	not	not	PART
cblr-2946	681	5	issue	issue	VERB
cblr-2946	681	6	or	or	CCONJ
cblr-2946	681	7	maintain	maintain	VERB
cblr-2946	681	8	a	a	DET
cblr-2946	681	9	credit	credit	NOUN
cblr-2946	681	10	rating	rating	NOUN
cblr-2946	681	11	1	1	NUM
cblr-2946	681	12	)	)	PUNCT
cblr-2946	681	13	solicited	solicit	VERB
cblr-2946	681	14	by	by	ADP
cblr-2946	681	15	a	a	DET
cblr-2946	681	16	person	person	NOUN
cblr-2946	681	17	that	that	PRON
cblr-2946	681	18	provided	provide	VERB
cblr-2946	681	19	the	the	DET
cblr-2946	681	20	nrsro	nrsro	NOUN
cblr-2946	681	21	with	with	ADP
cblr-2946	681	22	10	10	NUM
cblr-2946	681	23	%	%	NOUN
cblr-2946	681	24	or	or	CCONJ
cblr-2946	681	25	more	more	ADJ
cblr-2946	681	26	of	of	ADP
cblr-2946	681	27	the	the	DET
cblr-2946	681	28	nrsro	nrsro	NOUN
cblr-2946	681	29	's	's	PART
cblr-2946	681	30	total	total	ADJ
cblr-2946	681	31	net	net	ADJ
cblr-2946	681	32	revenue	revenue	NOUN
cblr-2946	681	33	in	in	ADP
cblr-2946	681	34	the	the	DET
cblr-2946	681	35	most	most	ADV
cblr-2946	681	36	recently	recently	ADV
cblr-2946	681	37	ended	end	VERB
cblr-2946	681	38	fiscal	fiscal	ADJ
cblr-2946	681	39	year	year	NOUN
cblr-2946	681	40	;	;	PUNCT
cblr-2946	681	41	2	2	X
cblr-2946	681	42	)	)	PUNCT
cblr-2946	681	43	where	where	SCONJ
cblr-2946	681	44	the	the	DET
cblr-2946	681	45	nrsro	nrsro	ADJ
cblr-2946	681	46	,	,	PUNCT
cblr-2946	681	47	a	a	DET
cblr-2946	681	48	credit	credit	NOUN
cblr-2946	681	49	analyst	analyst	NOUN
cblr-2946	681	50	that	that	PRON
cblr-2946	681	51	participated	participate	VERB
cblr-2946	681	52	in	in	ADP
cblr-2946	681	53	determining	determine	VERB
cblr-2946	681	54	the	the	DET
cblr-2946	681	55	rating	rating	NOUN
cblr-2946	681	56	,	,	PUNCT
cblr-2946	681	57	or	or	CCONJ
cblr-2946	681	58	a	a	DET
cblr-2946	681	59	person	person	NOUN
cblr-2946	681	60	responsible	responsible	ADJ
cblr-2946	681	61	for	for	ADP
cblr-2946	681	62	approving	approve	VERB
cblr-2946	681	63	the	the	DET
cblr-2946	681	64	rating	rating	NOUN
cblr-2946	681	65	directly	directly	ADV
cblr-2946	681	66	owns	own	VERB
cblr-2946	681	67	securities	security	NOUN
cblr-2946	681	68	of	of	ADP
cblr-2946	681	69	,	,	PUNCT
cblr-2946	681	70	or	or	CCONJ
cblr-2946	681	71	has	have	VERB
cblr-2946	681	72	any	any	DET
cblr-2946	681	73	other	other	ADJ
cblr-2946	681	74	direct	direct	ADJ
cblr-2946	681	75	ownership	ownership	NOUN
cblr-2946	681	76	interest	interest	NOUN
cblr-2946	681	77	in	in	ADP
cblr-2946	681	78	,	,	PUNCT
cblr-2946	681	79	the	the	DET
cblr-2946	681	80	person	person	NOUN
cblr-2946	681	81	subject	subject	ADJ
cblr-2946	681	82	to	to	ADP
cblr-2946	681	83	the	the	DET
cblr-2946	681	84	rating	rating	NOUN
cblr-2946	681	85	;	;	PUNCT
cblr-2946	681	86	3	3	X
cblr-2946	681	87	)	)	PUNCT
cblr-2946	681	88	where	where	SCONJ
cblr-2946	681	89	the	the	DET
cblr-2946	681	90	person	person	NOUN
cblr-2946	681	91	rated	rate	VERB
cblr-2946	681	92	is	be	AUX
cblr-2946	681	93	associated	associate	VERB
cblr-2946	681	94	with	with	ADP
cblr-2946	681	95	the	the	DET
cblr-2946	681	96	nrsro	nrsro	NOUN
cblr-2946	681	97	;	;	PUNCT
cblr-2946	681	98	and	and	CCONJ
cblr-2946	681	99	4	4	X
cblr-2946	681	100	)	)	PUNCT
cblr-2946	681	101	where	where	SCONJ
cblr-2946	681	102	a	a	DET
cblr-2946	681	103	credit	credit	NOUN
cblr-2946	681	104	analyst	analyst	NOUN
cblr-2946	681	105	who	who	PRON
cblr-2946	681	106	participated	participate	VERB
cblr-2946	681	107	in	in	ADP
cblr-2946	681	108	determining	determine	VERB
cblr-2946	681	109	the	the	DET
cblr-2946	681	110	rating	rating	NOUN
cblr-2946	681	111	,	,	PUNCT
cblr-2946	681	112	or	or	CCONJ
cblr-2946	681	113	a	a	DET
cblr-2946	681	114	person	person	NOUN
cblr-2946	681	115	responsible	responsible	ADJ
cblr-2946	681	116	for	for	ADP
cblr-2946	681	117	approving	approve	VERB
cblr-2946	681	118	the	the	DET
cblr-2946	681	119	rating	rating	NOUN
cblr-2946	681	120	,	,	PUNCT
cblr-2946	681	121	is	be	AUX
cblr-2946	681	122	an	an	DET
cblr-2946	681	123	officer	officer	NOUN
cblr-2946	681	124	or	or	CCONJ
cblr-2946	681	125	director	director	NOUN
cblr-2946	681	126	or	or	CCONJ
cblr-2946	681	127	the	the	DET
cblr-2946	681	128	person	person	NOUN
cblr-2946	681	129	subject	subject	ADJ
cblr-2946	681	130	to	to	ADP
cblr-2946	681	131	the	the	DET
cblr-2946	681	132	rating	rating	NOUN
cblr-2946	681	133	.	.	PUNCT
cblr-2946	682	1	1	1	NUM
cblr-2946	682	2	17	17	NUM
cblr-2946	682	3	c.f.r	c.f.r	NOUN
cblr-2946	682	4	.	.	PUNCT
cblr-2946	683	1	§	§	PROPN
cblr-2946	683	2	249b.300	249b.300	NUM
cblr-2946	683	3	(	(	PUNCT
cblr-2946	683	4	required	require	VERB
cblr-2946	683	5	as	as	ADP
cblr-2946	683	6	exhibit	exhibit	NOUN
cblr-2946	683	7	7	7	NUM
cblr-2946	683	8	)	)	PUNCT
cblr-2946	683	9	.	.	PUNCT
cblr-2946	684	1	192	192	NUM
cblr-2946	684	2	15	15	NUM
cblr-2946	684	3	u.s.c	u.s.c	NOUN
cblr-2946	684	4	.	.	PUNCT
cblr-2946	685	1	§	§	PROPN
cblr-2946	685	2	78o-7(c)(1)(a)-(b	78o-7(c)(1)(a)-(b	PROPN
cblr-2946	685	3	)	)	PUNCT
cblr-2946	685	4	;	;	PUNCT
cblr-2946	685	5	see	see	AUX
cblr-2946	685	6	also	also	ADV
cblr-2946	685	7	kara	kara	PROPN
cblr-2946	685	8	scannell	scannell	PROPN
cblr-2946	685	9	&	&	CCONJ
cblr-2946	685	10	aaron	aaron	PROPN
cblr-2946	685	11	lucchetti	lucchetti	PROPN
cblr-2946	685	12	,	,	PUNCT
cblr-2946	685	13	credit	credit	NOUN
cblr-2946	685	14	crunch	crunch	NOUN
cblr-2946	685	15	:	:	PUNCT
cblr-2946	685	16	sec	sec	PROPN
cblr-2946	685	17	to	to	PART
cblr-2946	685	18	seek	seek	VERB
cblr-2946	685	19	rule	rule	NOUN
cblr-2946	685	20	on	on	ADP
cblr-2946	685	21	added	add	VERB
cblr-2946	685	22	disclosure	disclosure	NOUN
cblr-2946	685	23	by	by	ADP
cblr-2946	685	24	bondrating	bondrate	VERB
cblr-2946	685	25	firms	firm	NOUN
cblr-2946	685	26	-	-	PUNCT
cblr-2946	685	27	proposals	proposal	NOUN
cblr-2946	685	28	unlikely	unlikely	ADJ
cblr-2946	685	29	to	to	PART
cblr-2946	685	30	quell	quell	VERB
cblr-2946	685	31	criticism	criticism	NOUN
cblr-2946	685	32	that	that	PRON
cblr-2946	685	33	more	more	ADJ
cblr-2946	685	34	be	be	AUX
cblr-2946	685	35	done	do	VERB
cblr-2946	685	36	,	,	PUNCT
cblr-2946	685	37	wall	wall	PROPN
cblr-2946	685	38	st	st	PROPN
cblr-2946	685	39	.	.	PROPN
cblr-2946	685	40	j	j	PROPN
cblr-2946	685	41	,	,	PUNCT
cblr-2946	685	42	june	june	PROPN
cblr-2946	685	43	11	11	NUM
cblr-2946	685	44	,	,	PUNCT
cblr-2946	685	45	2008	2008	NUM
cblr-2946	685	46	,	,	PUNCT
cblr-2946	685	47	at	at	ADP
cblr-2946	685	48	c2	c2	PROPN
cblr-2946	685	49	(	(	PUNCT
cblr-2946	685	50	paraphrasing	paraphrase	VERB
cblr-2946	685	51	chairman	chairman	NOUN
cblr-2946	685	52	christopher	christopher	PROPN
cblr-2946	685	53	cox	cox	PROPN
cblr-2946	685	54	that	that	SCONJ
cblr-2946	685	55	an	an	DET
cblr-2946	685	56	nrsro	nrsro	NOUN
cblr-2946	685	57	that	that	PRON
cblr-2946	685	58	violates	violate	VERB
cblr-2946	685	59	its	its	PRON
cblr-2946	685	60	own	own	ADJ
cblr-2946	685	61	rating	rating	NOUN
cblr-2946	685	62	policies	policy	NOUN
cblr-2946	685	63	and	and	CCONJ
cblr-2946	685	64	procedures	procedure	NOUN
cblr-2946	685	65	may	may	AUX
cblr-2946	685	66	have	have	VERB
cblr-2946	685	67	its	its	PRON
cblr-2946	685	68	registration	registration	NOUN
cblr-2946	685	69	revoked	revoke	VERB
cblr-2946	685	70	)	)	PUNCT
cblr-2946	685	71	.	.	PUNCT
cblr-2946	686	1	193	193	NUM
cblr-2946	686	2	see	see	NOUN
cblr-2946	686	3	hunt	hunt	NOUN
cblr-2946	686	4	,	,	PUNCT
cblr-2946	686	5	supra	supra	PROPN
cblr-2946	686	6	note	note	NOUN
cblr-2946	686	7	3	3	NUM
cblr-2946	686	8	,	,	PUNCT
cblr-2946	686	9	at	at	ADP
cblr-2946	686	10	154	154	NUM
cblr-2946	686	11	(	(	PUNCT
cblr-2946	686	12	"	"	PUNCT
cblr-2946	686	13	the	the	DET
cblr-2946	686	14	sec	sec	PROPN
cblr-2946	686	15	's	's	PART
cblr-2946	686	16	rules	rule	NOUN
cblr-2946	686	17	seem	seem	VERB
cblr-2946	686	18	to	to	PART
cblr-2946	686	19	reflect	reflect	VERB
cblr-2946	686	20	the	the	DET
cblr-2946	686	21	view	view	NOUN
cblr-2946	686	22	that	that	SCONJ
cblr-2946	686	23	no	no	DET
cblr-2946	686	24	serious	serious	ADJ
cblr-2946	686	25	regulatory	regulatory	ADJ
cblr-2946	686	26	intervention	intervention	NOUN
cblr-2946	686	27	is	be	AUX
cblr-2946	686	28	needed	need	VERB
cblr-2946	686	29	to	to	PART
cblr-2946	686	30	deal	deal	VERB
cblr-2946	686	31	with	with	ADP
cblr-2946	686	32	agency	agency	NOUN
cblr-2946	686	33	conflicts	conflict	NOUN
cblr-2946	686	34	of	of	ADP
cblr-2946	686	35	interest	interest	NOUN
cblr-2946	686	36	.	.	PUNCT
cblr-2946	687	1	"	"	PUNCT
cblr-2946	687	2	)	)	PUNCT
cblr-2946	687	3	.	.	PUNCT
cblr-2946	688	1	columbia	columbia	PROPN
cblr-2946	688	2	business	business	PROPN
cblr-2946	688	3	la	la	PROPN
cblr-2946	688	4	w	w	PROPN
cblr-2946	688	5	review	review	PROPN
cblr-2946	688	6	2	2	NUM
cblr-2946	688	7	.	.	PUNCT
cblr-2946	688	8	rules	rule	NOUN
cblr-2946	688	9	amendments	amendment	NOUN
cblr-2946	688	10	adopted	adopt	VERB
cblr-2946	688	11	in	in	ADP
cblr-2946	688	12	december	december	PROPN
cblr-2946	688	13	200819	200819	NUM
cblr-2946	688	14	on	on	ADP
cblr-2946	688	15	december	december	PROPN
cblr-2946	688	16	3	3	NUM
cblr-2946	688	17	,	,	PUNCT
cblr-2946	688	18	2008	2008	NUM
cblr-2946	688	19	,	,	PUNCT
cblr-2946	688	20	the	the	DET
cblr-2946	688	21	sec	sec	PROPN
cblr-2946	688	22	adopted	adopt	VERB
cblr-2946	688	23	final	final	ADJ
cblr-2946	688	24	rule	rule	NOUN
cblr-2946	688	25	amendments	amendment	NOUN
cblr-2946	688	26	to	to	PART
cblr-2946	688	27	supplement	supplement	VERB
cblr-2946	688	28	their	their	PRON
cblr-2946	688	29	existing	exist	VERB
cblr-2946	688	30	rules	rule	NOUN
cblr-2946	688	31	.	.	PUNCT
cblr-2946	689	1	these	these	DET
cblr-2946	689	2	amendments	amendment	NOUN
cblr-2946	689	3	were	be	AUX
cblr-2946	689	4	originally	originally	ADV
cblr-2946	689	5	proposed	propose	VERB
cblr-2946	689	6	to	to	PART
cblr-2946	689	7	"	"	PUNCT
cblr-2946	689	8	address	address	VERB
cblr-2946	689	9	concerns	concern	NOUN
cblr-2946	689	10	about	about	ADP
cblr-2946	689	11	the	the	DET
cblr-2946	689	12	integrity	integrity	NOUN
cblr-2946	689	13	of	of	ADP
cblr-2946	689	14	[	[	X
cblr-2946	689	15	the	the	DET
cblr-2946	689	16	]	]	PUNCT
cblr-2946	689	17	credit	credit	NOUN
cblr-2946	689	18	rating	rating	NOUN
cblr-2946	689	19	procedures	procedure	NOUN
cblr-2946	689	20	and	and	CCONJ
cblr-2946	689	21	methodologies	methodology	NOUN
cblr-2946	689	22	in	in	ADP
cblr-2946	689	23	the	the	DET
cblr-2946	689	24	light	light	NOUN
cblr-2946	689	25	of	of	ADP
cblr-2946	689	26	the	the	DET
cblr-2946	689	27	role	role	NOUN
cblr-2946	689	28	they	they	PRON
cblr-2946	689	29	played	play	VERB
cblr-2946	689	30	in	in	ADP
cblr-2946	689	31	determining	determine	VERB
cblr-2946	689	32	credit	credit	NOUN
cblr-2946	689	33	ratings	rating	NOUN
cblr-2946	689	34	for	for	ADP
cblr-2946	689	35	"	"	PUNCT
cblr-2946	689	36	subprime	subprime	ADJ
cblr-2946	689	37	rmbs	rmb	NOUN
cblr-2946	689	38	and	and	CCONJ
cblr-2946	689	39	cdos.195	cdos.195	NOUN
cblr-2946	689	40	specifically	specifically	ADV
cblr-2946	689	41	,	,	PUNCT
cblr-2946	689	42	an	an	DET
cblr-2946	689	43	nrsro	nrsro	NOUN
cblr-2946	689	44	must	must	AUX
cblr-2946	689	45	now	now	ADV
cblr-2946	689	46	provide	provide	VERB
cblr-2946	689	47	transition	transition	NOUN
cblr-2946	689	48	statistics	statistic	NOUN
cblr-2946	689	49	for	for	ADP
cblr-2946	689	50	each	each	DET
cblr-2946	689	51	asset	asset	NOUN
cblr-2946	689	52	class	class	NOUN
cblr-2946	689	53	for	for	ADP
cblr-2946	689	54	which	which	PRON
cblr-2946	689	55	it	it	PRON
cblr-2946	689	56	is	be	AUX
cblr-2946	689	57	registered	register	VERB
cblr-2946	689	58	or	or	CCONJ
cblr-2946	689	59	seeking	seek	VERB
cblr-2946	689	60	registration	registration	NOUN
cblr-2946	689	61	over	over	ADP
cblr-2946	689	62	one	one	NUM
cblr-2946	689	63	-	-	PUNCT
cblr-2946	689	64	year	year	NOUN
cblr-2946	689	65	,	,	PUNCT
cblr-2946	689	66	three	three	NUM
cblr-2946	689	67	-	-	PUNCT
cblr-2946	689	68	year	year	NOUN
cblr-2946	689	69	,	,	PUNCT
cblr-2946	689	70	and	and	CCONJ
cblr-2946	689	71	ten	ten	NUM
cblr-2946	689	72	-	-	PUNCT
cblr-2946	689	73	year	year	NOUN
cblr-2946	689	74	periods	period	NOUN
cblr-2946	689	75	.	.	PUNCT
cblr-2946	690	1	19	19	NUM
cblr-2946	690	2	'	'	PUNCT
cblr-2946	690	3	while	while	SCONJ
cblr-2946	690	4	this	this	DET
cblr-2946	690	5	amendment	amendment	NOUN
cblr-2946	690	6	specifies	specifie	NOUN
cblr-2946	690	7	with	with	ADP
cblr-2946	690	8	greater	great	ADJ
cblr-2946	690	9	particularity	particularity	NOUN
cblr-2946	690	10	what	what	DET
cblr-2946	690	11	performance	performance	NOUN
cblr-2946	690	12	statistics	statistic	NOUN
cblr-2946	690	13	an	an	DET
cblr-2946	690	14	nrsro	nrsro	NOUN
cblr-2946	690	15	needs	need	VERB
cblr-2946	690	16	to	to	PART
cblr-2946	690	17	disclose	disclose	VERB
cblr-2946	690	18	,	,	PUNCT
cblr-2946	690	19	it	it	PRON
cblr-2946	690	20	is	be	AUX
cblr-2946	690	21	unclear	unclear	ADJ
cblr-2946	690	22	how	how	SCONJ
cblr-2946	690	23	much	much	ADJ
cblr-2946	690	24	this	this	DET
cblr-2946	690	25	requirement	requirement	NOUN
cblr-2946	690	26	adds	add	VERB
cblr-2946	690	27	to	to	ADP
cblr-2946	690	28	the	the	DET
cblr-2946	690	29	performance	performance	NOUN
cblr-2946	690	30	statistics	statistic	NOUN
cblr-2946	690	31	that	that	SCONJ
cblr-2946	690	32	cras	cras	PROPN
cblr-2946	690	33	already	already	ADV
cblr-2946	690	34	disclose	disclose	VERB
cblr-2946	690	35	voluntarily	voluntarily	ADV
cblr-2946	690	36	.	.	PUNCT
cblr-2946	691	1	moreover	moreover	ADV
cblr-2946	691	2	,	,	PUNCT
cblr-2946	691	3	a	a	DET
cblr-2946	691	4	registered	register	VERB
cblr-2946	691	5	agency	agency	NOUN
cblr-2946	691	6	must	must	AUX
cblr-2946	691	7	provide	provide	VERB
cblr-2946	691	8	enhanced	enhanced	ADJ
cblr-2946	691	9	disclosure	disclosure	NOUN
cblr-2946	691	10	regarding	regard	VERB
cblr-2946	691	11	the	the	DET
cblr-2946	691	12	due	due	ADJ
cblr-2946	691	13	diligence	diligence	NOUN
cblr-2946	691	14	it	it	PRON
cblr-2946	691	15	undertakes	undertake	VERB
cblr-2946	691	16	when	when	SCONJ
cblr-2946	691	17	rating	rating	NOUN
cblr-2946	691	18	structured	structured	ADJ
cblr-2946	691	19	finance	finance	NOUN
cblr-2946	691	20	products	product	NOUN
cblr-2946	691	21	and	and	CCONJ
cblr-2946	691	22	how	how	SCONJ
cblr-2946	691	23	this	this	DET
cblr-2946	691	24	due	due	ADJ
cblr-2946	691	25	diligence	diligence	NOUN
cblr-2946	691	26	is	be	AUX
cblr-2946	691	27	incorporated	incorporate	VERB
cblr-2946	691	28	into	into	ADP
cblr-2946	691	29	the	the	DET
cblr-2946	691	30	rating	rating	NOUN
cblr-2946	691	31	process	process	NOUN
cblr-2946	691	32	.	.	PUNCT
cblr-2946	692	1	197	197	NUM
cblr-2946	692	2	in	in	ADP
cblr-2946	692	3	addition	addition	NOUN
cblr-2946	692	4	,	,	PUNCT
cblr-2946	692	5	an	an	DET
cblr-2946	692	6	nrsro	nrsro	NOUN
cblr-2946	692	7	must	must	AUX
cblr-2946	692	8	provide	provide	VERB
cblr-2946	692	9	on	on	ADP
cblr-2946	692	10	its	its	PRON
cblr-2946	692	11	194	194	NUM
cblr-2946	692	12	sec	sec	PROPN
cblr-2946	692	13	dec	dec	PROPN
cblr-2946	692	14	.	.	PUNCT
cblr-2946	693	1	press	press	NOUN
cblr-2946	693	2	release	release	NOUN
cblr-2946	693	3	,	,	PUNCT
cblr-2946	693	4	supra	supra	PROPN
cblr-2946	693	5	note	note	PROPN
cblr-2946	693	6	187	187	NUM
cblr-2946	693	7	;	;	PUNCT
cblr-2946	693	8	amendments	amendment	NOUN
cblr-2946	693	9	to	to	ADP
cblr-2946	693	10	rules	rule	NOUN
cblr-2946	693	11	for	for	ADP
cblr-2946	693	12	nationally	nationally	ADV
cblr-2946	693	13	recognized	recognize	VERB
cblr-2946	693	14	statistical	statistical	ADJ
cblr-2946	693	15	rating	rating	NOUN
cblr-2946	693	16	organizations	organization	NOUN
cblr-2946	693	17	,	,	PUNCT
cblr-2946	693	18	exchange	exchange	NOUN
cblr-2946	693	19	act	act	NOUN
cblr-2946	693	20	release	release	VERB
cblr-2946	693	21	no	no	NOUN
cblr-2946	693	22	.	.	NOUN
cblr-2946	693	23	59,342	59,342	NUM
cblr-2946	693	24	,	,	PUNCT
cblr-2946	693	25	2009	2009	NUM
cblr-2946	693	26	sec	sec	PROPN
cblr-2946	693	27	lexis	lexis	NOUN
cblr-2946	693	28	239	239	NUM
cblr-2946	693	29	(	(	PUNCT
cblr-2946	693	30	feb	feb	X
cblr-2946	693	31	.	.	PROPN
cblr-2946	693	32	2	2	NUM
cblr-2946	693	33	,	,	PUNCT
cblr-2946	693	34	2009	2009	NUM
cblr-2946	693	35	)	)	PUNCT
cblr-2946	693	36	(	(	PUNCT
cblr-2946	693	37	containing	contain	VERB
cblr-2946	693	38	final	final	ADJ
cblr-2946	693	39	text	text	NOUN
cblr-2946	693	40	of	of	ADP
cblr-2946	693	41	adopted	adopt	VERB
cblr-2946	693	42	amendments	amendment	NOUN
cblr-2946	693	43	)	)	PUNCT
cblr-2946	693	44	.	.	PUNCT
cblr-2946	694	1	the	the	DET
cblr-2946	694	2	adopted	adopt	VERB
cblr-2946	694	3	amendments	amendment	NOUN
cblr-2946	694	4	were	be	AUX
cblr-2946	694	5	originally	originally	ADV
cblr-2946	694	6	proposed	propose	VERB
cblr-2946	694	7	in	in	ADP
cblr-2946	694	8	june	june	PROPN
cblr-2946	694	9	2008	2008	NUM
cblr-2946	694	10	.	.	PUNCT
cblr-2946	695	1	proposed	propose	VERB
cblr-2946	695	2	rules	rule	NOUN
cblr-2946	695	3	for	for	ADP
cblr-2946	695	4	nationally	nationally	ADV
cblr-2946	695	5	recognized	recognize	VERB
cblr-2946	695	6	statistical	statistical	ADJ
cblr-2946	695	7	rating	rating	NOUN
cblr-2946	695	8	organizations	organization	NOUN
cblr-2946	695	9	,	,	PUNCT
cblr-2946	695	10	exchange	exchange	NOUN
cblr-2946	695	11	act	act	NOUN
cblr-2946	695	12	release	release	VERB
cblr-2946	695	13	no	no	NOUN
cblr-2946	695	14	.	.	NOUN
cblr-2946	695	15	57,967	57,967	NUM
cblr-2946	695	16	,	,	PUNCT
cblr-2946	695	17	2008	2008	NUM
cblr-2946	695	18	sec	sec	PROPN
cblr-2946	695	19	lexis	lexis	NOUN
cblr-2946	695	20	1613	1613	NUM
cblr-2946	695	21	(	(	PUNCT
cblr-2946	695	22	june	june	PROPN
cblr-2946	695	23	16	16	NUM
cblr-2946	695	24	,	,	PUNCT
cblr-2946	695	25	2008	2008	NUM
cblr-2946	695	26	)	)	PUNCT
cblr-2946	695	27	.	.	PUNCT
cblr-2946	696	1	again	again	ADV
cblr-2946	696	2	,	,	PUNCT
cblr-2946	696	3	while	while	SCONJ
cblr-2946	696	4	the	the	DET
cblr-2946	696	5	amendments	amendment	NOUN
cblr-2946	696	6	adopted	adopt	VERB
cblr-2946	696	7	by	by	ADP
cblr-2946	696	8	the	the	DET
cblr-2946	696	9	sec	sec	PROPN
cblr-2946	696	10	are	be	AUX
cblr-2946	696	11	aimed	aim	VERB
cblr-2946	696	12	at	at	ADP
cblr-2946	696	13	correcting	correct	VERB
cblr-2946	696	14	problems	problem	NOUN
cblr-2946	696	15	beyond	beyond	ADP
cblr-2946	696	16	the	the	DET
cblr-2946	696	17	conflicts	conflict	NOUN
cblr-2946	696	18	issue	issue	NOUN
cblr-2946	696	19	,	,	PUNCT
cblr-2946	696	20	this	this	DET
cblr-2946	696	21	section	section	NOUN
cblr-2946	696	22	summarizes	summarize	VERB
cblr-2946	696	23	those	those	DET
cblr-2946	696	24	disclosure	disclosure	NOUN
cblr-2946	696	25	-	-	PUNCT
cblr-2946	696	26	based	base	VERB
cblr-2946	696	27	regulations	regulation	NOUN
cblr-2946	696	28	intended	intend	VERB
cblr-2946	696	29	to	to	PART
cblr-2946	696	30	address	address	VERB
cblr-2946	696	31	the	the	DET
cblr-2946	696	32	issuer	issuer	NOUN
cblr-2946	696	33	pays	pay	VERB
cblr-2946	696	34	conflict	conflict	NOUN
cblr-2946	696	35	.	.	PUNCT
cblr-2946	697	1	'	'	NUM
cblr-2946	697	2	9	9	NUM
cblr-2946	697	3	sec	sec	PROPN
cblr-2946	697	4	dec	dec	PROPN
cblr-2946	697	5	.	.	PUNCT
cblr-2946	697	6	press	press	NOUN
cblr-2946	697	7	release	release	NOUN
cblr-2946	697	8	,	,	PUNCT
cblr-2946	697	9	supra	supra	PROPN
cblr-2946	697	10	note	note	PROPN
cblr-2946	697	11	187	187	NUM
cblr-2946	697	12	;	;	PUNCT
cblr-2946	697	13	proposed	propose	VERB
cblr-2946	697	14	rules	rule	NOUN
cblr-2946	697	15	for	for	ADP
cblr-2946	697	16	nationally	nationally	ADV
cblr-2946	697	17	recognized	recognize	VERB
cblr-2946	697	18	statistical	statistical	ADJ
cblr-2946	697	19	rating	rating	NOUN
cblr-2946	697	20	organizations	organization	NOUN
cblr-2946	697	21	,	,	PUNCT
cblr-2946	697	22	securities	security	NOUN
cblr-2946	697	23	exchange	exchange	PROPN
cblr-2946	697	24	act	act	PROPN
cblr-2946	697	25	release	release	VERB
cblr-2946	697	26	no	no	NOUN
cblr-2946	697	27	.	.	NOUN
cblr-2946	697	28	57,967	57,967	NUM
cblr-2946	697	29	,	,	PUNCT
cblr-2946	697	30	2008	2008	NUM
cblr-2946	697	31	sec	sec	PROPN
cblr-2946	697	32	lexis	lexis	NOUN
cblr-2946	697	33	1613	1613	NUM
cblr-2946	697	34	,	,	PUNCT
cblr-2946	697	35	at	at	ADP
cblr-2946	697	36	*	*	NOUN
cblr-2946	697	37	1	1	NUM
cblr-2946	697	38	(	(	PUNCT
cblr-2946	697	39	june	june	PROPN
cblr-2946	697	40	16	16	NUM
cblr-2946	697	41	,	,	PUNCT
cblr-2946	697	42	2008	2008	NUM
cblr-2946	697	43	)	)	PUNCT
cblr-2946	698	1	(	(	PUNCT
cblr-2946	698	2	explaining	explain	VERB
cblr-2946	698	3	purpose	purpose	NOUN
cblr-2946	698	4	of	of	ADP
cblr-2946	698	5	the	the	DET
cblr-2946	698	6	then	then	ADV
cblr-2946	698	7	-	-	PUNCT
cblr-2946	698	8	proposed	propose	VERB
cblr-2946	698	9	amendments	amendment	NOUN
cblr-2946	698	10	)	)	PUNCT
cblr-2946	698	11	.	.	PUNCT
cblr-2946	699	1	196	196	NUM
cblr-2946	699	2	amendments	amendment	NOUN
cblr-2946	699	3	to	to	ADP
cblr-2946	699	4	rules	rule	NOUN
cblr-2946	699	5	for	for	ADP
cblr-2946	699	6	nationally	nationally	ADV
cblr-2946	699	7	recognized	recognize	VERB
cblr-2946	699	8	statistical	statistical	ADJ
cblr-2946	699	9	rating	rating	NOUN
cblr-2946	699	10	organizations	organization	NOUN
cblr-2946	699	11	,	,	PUNCT
cblr-2946	699	12	exchange	exchange	NOUN
cblr-2946	699	13	act	act	NOUN
cblr-2946	699	14	release	release	VERB
cblr-2946	699	15	no	no	NOUN
cblr-2946	699	16	.	.	NOUN
cblr-2946	699	17	59,342	59,342	NUM
cblr-2946	699	18	,	,	PUNCT
cblr-2946	699	19	2009	2009	NUM
cblr-2946	699	20	sec	sec	PROPN
cblr-2946	699	21	lexis	lexis	NOUN
cblr-2946	699	22	239	239	NUM
cblr-2946	699	23	,	,	PUNCT
cblr-2946	699	24	at	at	ADP
cblr-2946	699	25	*	*	PROPN
cblr-2946	699	26	183	183	NUM
cblr-2946	699	27	-	-	SYM
cblr-2946	699	28	85	85	NUM
cblr-2946	699	29	(	(	PUNCT
cblr-2946	699	30	feb	feb	X
cblr-2946	699	31	.	.	PROPN
cblr-2946	699	32	2	2	NUM
cblr-2946	699	33	,	,	PUNCT
cblr-2946	699	34	2009	2009	NUM
cblr-2946	699	35	)	)	PUNCT
cblr-2946	699	36	.	.	PUNCT
cblr-2946	700	1	197	197	NUM
cblr-2946	701	1	i	i	PRON
cblr-2946	701	2	d.	d.	VERB
cblr-2946	701	3	at	at	ADP
cblr-2946	701	4	*	*	SYM
cblr-2946	701	5	185	185	NUM
cblr-2946	701	6	-	-	SYM
cblr-2946	701	7	86	86	NUM
cblr-2946	701	8	(	(	PUNCT
cblr-2946	701	9	requiring	require	VERB
cblr-2946	701	10	that	that	SCONJ
cblr-2946	701	11	nrsros	nrsros	PROPN
cblr-2946	701	12	provide	provide	VERB
cblr-2946	701	13	,	,	PUNCT
cblr-2946	701	14	for	for	ADP
cblr-2946	701	15	example	example	NOUN
cblr-2946	701	16	,	,	PUNCT
cblr-2946	701	17	information	information	NOUN
cblr-2946	701	18	on	on	ADP
cblr-2946	701	19	"	"	PUNCT
cblr-2946	701	20	whether	whether	SCONJ
cblr-2946	701	21	,	,	PUNCT
cblr-2946	701	22	and	and	CCONJ
cblr-2946	701	23	if	if	SCONJ
cblr-2946	701	24	so	so	ADV
cblr-2946	701	25	,	,	PUNCT
cblr-2946	701	26	how	how	SCONJ
cblr-2946	701	27	information	information	NOUN
cblr-2946	701	28	about	about	ADP
cblr-2946	701	29	verification	verification	NOUN
cblr-2946	701	30	performed	perform	VERB
cblr-2946	701	31	on	on	ADP
cblr-2946	701	32	assets	asset	NOUN
cblr-2946	701	33	underlying	underlie	VERB
cblr-2946	701	34	or	or	CCONJ
cblr-2946	701	35	referenced	reference	VERB
cblr-2946	701	36	by	by	ADP
cblr-2946	701	37	a	a	DET
cblr-2946	701	38	security	security	NOUN
cblr-2946	701	39	or	or	CCONJ
cblr-2946	701	40	money	money	NOUN
cblr-2946	702	1	[	[	X
cblr-2946	702	2	vol	vol	NOUN
cblr-2946	702	3	.	.	PUNCT
cblr-2946	702	4	2009	2009	NUM
cblr-2946	702	5	no	no	NOUN
cblr-2946	702	6	.	.	PUNCT
cblr-2946	703	1	2:605	2:605	NUM
cblr-2946	703	2	]	]	X
cblr-2946	703	3	credit	credit	NOUN
cblr-2946	703	4	rating	rating	NOUN
cblr-2946	703	5	agencies	agency	NOUN
cblr-2946	703	6	and	and	CCONJ
cblr-2946	703	7	the	the	DET
cblr-2946	703	8	credit	credit	NOUN
cblr-2946	703	9	crisis	crisis	NOUN
cblr-2946	703	10	649	649	NUM
cblr-2946	703	11	website	website	NOUN
cblr-2946	703	12	a	a	DET
cblr-2946	703	13	random	random	ADJ
cblr-2946	703	14	sample	sample	NOUN
cblr-2946	703	15	of	of	ADP
cblr-2946	703	16	10	10	NUM
cblr-2946	703	17	%	%	NOUN
cblr-2946	703	18	of	of	ADP
cblr-2946	703	19	its	its	PRON
cblr-2946	703	20	issuer	issuer	NOUN
cblr-2946	703	21	-	-	PUNCT
cblr-2946	703	22	paid	pay	VERB
cblr-2946	703	23	ratings	rating	NOUN
cblr-2946	703	24	and	and	CCONJ
cblr-2946	703	25	the	the	DET
cblr-2946	703	26	histories	history	NOUN
cblr-2946	703	27	of	of	ADP
cblr-2946	703	28	those	those	DET
cblr-2946	703	29	ratings	rating	NOUN
cblr-2946	703	30	for	for	ADP
cblr-2946	703	31	each	each	DET
cblr-2946	703	32	ratings	rating	NOUN
cblr-2946	703	33	class	class	NOUN
cblr-2946	703	34	for	for	ADP
cblr-2946	703	35	which	which	PRON
cblr-2946	703	36	the	the	DET
cblr-2946	703	37	nrsro	nrsro	NOUN
cblr-2946	703	38	is	be	AUX
cblr-2946	703	39	registered	register	VERB
cblr-2946	703	40	and	and	CCONJ
cblr-2946	703	41	has	have	AUX
cblr-2946	703	42	issued	issue	VERB
cblr-2946	703	43	500	500	NUM
cblr-2946	703	44	or	or	CCONJ
cblr-2946	703	45	more	more	ADJ
cblr-2946	703	46	issuer	issuer	NOUN
cblr-2946	703	47	-	-	PUNCT
cblr-2946	703	48	paid	pay	VERB
cblr-2946	703	49	ratings.198	ratings.198	NOUN
cblr-2946	703	50	an	an	DET
cblr-2946	703	51	nrsro	nrsro	ADJ
cblr-2946	703	52	,	,	PUNCT
cblr-2946	703	53	however	however	ADV
cblr-2946	703	54	,	,	PUNCT
cblr-2946	703	55	has	have	VERB
cblr-2946	703	56	six	six	NUM
cblr-2946	703	57	months	month	NOUN
cblr-2946	703	58	to	to	PART
cblr-2946	703	59	include	include	VERB
cblr-2946	703	60	this	this	DET
cblr-2946	703	61	information	information	NOUN
cblr-2946	703	62	on	on	ADP
cblr-2946	703	63	its	its	PRON
cblr-2946	703	64	website	website	NOUN
cblr-2946	703	65	from	from	ADP
cblr-2946	703	66	the	the	DET
cblr-2946	703	67	time	time	NOUN
cblr-2946	703	68	the	the	DET
cblr-2946	703	69	rating	rating	NOUN
cblr-2946	703	70	action	action	NOUN
cblr-2946	703	71	is	be	AUX
cblr-2946	703	72	taken	take	VERB
cblr-2946	703	73	.	.	PUNCT
cblr-2946	704	1	99	99	NUM
cblr-2946	705	1	the	the	DET
cblr-2946	705	2	sec	sec	PROPN
cblr-2946	705	3	did	do	AUX
cblr-2946	705	4	adopt	adopt	VERB
cblr-2946	705	5	one	one	NUM
cblr-2946	705	6	noteworthy	noteworthy	ADJ
cblr-2946	705	7	amendment	amendment	NOUN
cblr-2946	705	8	that	that	PRON
cblr-2946	705	9	might	might	AUX
cblr-2946	705	10	strike	strike	VERB
cblr-2946	705	11	a	a	DET
cblr-2946	705	12	blow	blow	NOUN
cblr-2946	705	13	to	to	ADP
cblr-2946	705	14	a	a	DET
cblr-2946	705	15	part	part	NOUN
cblr-2946	705	16	of	of	ADP
cblr-2946	705	17	the	the	DET
cblr-2946	705	18	structured	structured	ADJ
cblr-2946	705	19	finance	finance	NOUN
cblr-2946	705	20	ratings	rating	NOUN
cblr-2946	705	21	process	process	NOUN
cblr-2946	705	22	that	that	PRON
cblr-2946	705	23	may	may	AUX
cblr-2946	705	24	be	be	AUX
cblr-2946	705	25	problematic	problematic	ADJ
cblr-2946	705	26	.	.	PUNCT
cblr-2946	706	1	the	the	DET
cblr-2946	706	2	sec	sec	PROPN
cblr-2946	706	3	has	have	AUX
cblr-2946	706	4	amended	amend	VERB
cblr-2946	706	5	rule	rule	NOUN
cblr-2946	706	6	17g-5	17g-5	NUM
cblr-2946	706	7	to	to	PART
cblr-2946	706	8	prohibit	prohibit	VERB
cblr-2946	706	9	an	an	DET
cblr-2946	706	10	nrsro	nrsro	NOUN
cblr-2946	706	11	from	from	ADP
cblr-2946	706	12	issuing	issue	VERB
cblr-2946	706	13	a	a	DET
cblr-2946	706	14	rating	rating	NOUN
cblr-2946	706	15	where	where	SCONJ
cblr-2946	706	16	the	the	DET
cblr-2946	706	17	nrsro	nrsro	NOUN
cblr-2946	706	18	made	make	VERB
cblr-2946	706	19	recommendations	recommendation	NOUN
cblr-2946	706	20	about	about	ADP
cblr-2946	706	21	the	the	DET
cblr-2946	706	22	"	"	PUNCT
cblr-2946	706	23	corporate	corporate	ADJ
cblr-2946	706	24	or	or	CCONJ
cblr-2946	706	25	legal	legal	ADJ
cblr-2946	706	26	structure	structure	NOUN
cblr-2946	706	27	,	,	PUNCT
cblr-2946	706	28	assets	asset	NOUN
cblr-2946	706	29	,	,	PUNCT
cblr-2946	706	30	liabilities	liability	NOUN
cblr-2946	706	31	,	,	PUNCT
cblr-2946	706	32	or	or	CCONJ
cblr-2946	706	33	activities	activity	NOUN
cblr-2946	706	34	"	"	PUNCT
cblr-2946	706	35	of	of	ADP
cblr-2946	706	36	the	the	DET
cblr-2946	706	37	issuer.2	issuer.2	NOUN
cblr-2946	706	38	°	°	NOUN
cblr-2946	706	39	0	0	NUM
cblr-2946	706	40	how	how	SCONJ
cblr-2946	706	41	far	far	ADV
cblr-2946	706	42	reaching	reach	VERB
cblr-2946	706	43	this	this	DET
cblr-2946	706	44	amendment	amendment	NOUN
cblr-2946	706	45	will	will	AUX
cblr-2946	706	46	be	be	AUX
cblr-2946	706	47	remains	remain	VERB
cblr-2946	706	48	unclear	unclear	ADJ
cblr-2946	706	49	.	.	PUNCT
cblr-2946	707	1	the	the	DET
cblr-2946	707	2	agencies	agency	NOUN
cblr-2946	707	3	maintain	maintain	VERB
cblr-2946	707	4	that	that	SCONJ
cblr-2946	707	5	they	they	PRON
cblr-2946	707	6	refrain	refrain	VERB
cblr-2946	707	7	from	from	ADP
cblr-2946	707	8	making	make	VERB
cblr-2946	707	9	these	these	DET
cblr-2946	707	10	recommendations.2	recommendations.2	NOUN
cblr-2946	707	11	"	"	PUNCT
cblr-2946	707	12	1	1	NUM
cblr-2946	707	13	more	more	ADV
cblr-2946	707	14	importantly	importantly	ADV
cblr-2946	707	15	,	,	PUNCT
cblr-2946	707	16	while	while	SCONJ
cblr-2946	707	17	the	the	DET
cblr-2946	707	18	prohibition	prohibition	NOUN
cblr-2946	707	19	seems	seem	VERB
cblr-2946	707	20	to	to	PART
cblr-2946	707	21	prohibit	prohibit	VERB
cblr-2946	707	22	the	the	DET
cblr-2946	707	23	iterative	iterative	NOUN
cblr-2946	707	24	,	,	PUNCT
cblr-2946	707	25	interactive	interactive	ADJ
cblr-2946	707	26	ratings	rating	NOUN
cblr-2946	707	27	process	process	NOUN
cblr-2946	707	28	that	that	PRON
cblr-2946	707	29	many	many	ADJ
cblr-2946	707	30	have	have	AUX
cblr-2946	707	31	criticized	criticize	VERB
cblr-2946	707	32	,	,	PUNCT
cblr-2946	707	33	the	the	DET
cblr-2946	707	34	commission	commission	NOUN
cblr-2946	707	35	indicated	indicate	VERB
cblr-2946	707	36	that	that	SCONJ
cblr-2946	707	37	the	the	DET
cblr-2946	707	38	amendment	amendment	NOUN
cblr-2946	707	39	is	be	AUX
cblr-2946	707	40	not	not	PART
cblr-2946	707	41	intended	intend	VERB
cblr-2946	707	42	to	to	PART
cblr-2946	707	43	stop	stop	VERB
cblr-2946	707	44	issuers	issuer	NOUN
cblr-2946	707	45	from	from	ADP
cblr-2946	707	46	engaging	engage	VERB
cblr-2946	707	47	in	in	ADP
cblr-2946	707	48	a	a	DET
cblr-2946	707	49	feedback	feedback	NOUN
cblr-2946	707	50	process	process	NOUN
cblr-2946	707	51	with	with	ADP
cblr-2946	707	52	a	a	DET
cblr-2946	707	53	cra	cra	PROPN
cblr-2946	707	54	.	.	PUNCT
cblr-2946	708	1	°	°	ADP
cblr-2946	708	2	2	2	NUM
cblr-2946	708	3	rather	rather	ADV
cblr-2946	708	4	,	,	PUNCT
cblr-2946	708	5	the	the	DET
cblr-2946	708	6	commission	commission	NOUN
cblr-2946	708	7	is	be	AUX
cblr-2946	708	8	primarily	primarily	ADV
cblr-2946	708	9	concerned	concerned	ADJ
cblr-2946	708	10	with	with	ADP
cblr-2946	708	11	cras	cras	X
cblr-2946	708	12	"	"	PUNCT
cblr-2946	708	13	rating	rate	VERB
cblr-2946	708	14	their	their	PRON
cblr-2946	708	15	own	own	ADJ
cblr-2946	708	16	work	work	NOUN
cblr-2946	708	17	.	.	PUNCT
cblr-2946	709	1	"203	"203	NOUN
cblr-2946	709	2	market	market	NOUN
cblr-2946	709	3	instrument	instrument	NOUN
cblr-2946	709	4	issued	issue	VERB
cblr-2946	709	5	by	by	ADP
cblr-2946	709	6	an	an	DET
cblr-2946	709	7	asset	asset	NOUN
cblr-2946	709	8	pool	pool	NOUN
cblr-2946	709	9	or	or	CCONJ
cblr-2946	709	10	as	as	ADP
cblr-2946	709	11	part	part	NOUN
cblr-2946	709	12	of	of	ADP
cblr-2946	709	13	any	any	DET
cblr-2946	709	14	asset	asset	NOUN
cblr-2946	709	15	-	-	PUNCT
cblr-2946	709	16	backed	back	VERB
cblr-2946	709	17	or	or	CCONJ
cblr-2946	709	18	mortgage	mortgage	NOUN
cblr-2946	709	19	-	-	PUNCT
cblr-2946	709	20	backed	back	VERB
cblr-2946	709	21	securities	security	NOUN
cblr-2946	709	22	transaction	transaction	NOUN
cblr-2946	709	23	is	be	AUX
cblr-2946	709	24	relied	rely	VERB
cblr-2946	709	25	on	on	ADP
cblr-2946	709	26	in	in	ADP
cblr-2946	709	27	determining	determine	VERB
cblr-2946	709	28	credit	credit	NOUN
cblr-2946	709	29	ratings	rating	NOUN
cblr-2946	709	30	"	"	PUNCT
cblr-2946	709	31	)	)	PUNCT
cblr-2946	709	32	.	.	PUNCT
cblr-2946	710	1	198	198	NUM
cblr-2946	711	1	i	i	PRON
cblr-2946	711	2	d.	d.	VERB
cblr-2946	711	3	at	at	ADP
cblr-2946	711	4	*	*	PROPN
cblr-2946	711	5	178	178	NUM
cblr-2946	711	6	-	-	SYM
cblr-2946	711	7	79	79	NUM
cblr-2946	711	8	.	.	PUNCT
cblr-2946	712	1	'	'	NUM
cblr-2946	713	1	9	9	NUM
cblr-2946	713	2	i	i	PRON
cblr-2946	713	3	d.	d.	NOUN
cblr-2946	713	4	at	at	ADP
cblr-2946	713	5	*	*	PROPN
cblr-2946	713	6	179	179	NUM
cblr-2946	713	7	.	.	PUNCT
cblr-2946	714	1	200	200	NUM
cblr-2946	714	2	i	i	PROPN
cblr-2946	714	3	d.	d.	PROPN
cblr-2946	714	4	at	at	ADP
cblr-2946	714	5	*	*	PROPN
cblr-2946	714	6	181	181	NUM
cblr-2946	714	7	-	-	SYM
cblr-2946	714	8	82	82	NUM
cblr-2946	714	9	.	.	PUNCT
cblr-2946	715	1	201	201	NUM
cblr-2946	715	2	see	see	NOUN
cblr-2946	715	3	hunt	hunt	NOUN
cblr-2946	715	4	,	,	PUNCT
cblr-2946	715	5	supra	supra	PROPN
cblr-2946	715	6	note	note	NOUN
cblr-2946	715	7	3	3	NUM
cblr-2946	715	8	,	,	PUNCT
cblr-2946	715	9	at	at	ADP
cblr-2946	715	10	154	154	NUM
cblr-2946	715	11	n.155	n.155	NUM
cblr-2946	715	12	(	(	PUNCT
cblr-2946	715	13	questioning	question	VERB
cblr-2946	715	14	the	the	DET
cblr-2946	715	15	practical	practical	ADJ
cblr-2946	715	16	effect	effect	NOUN
cblr-2946	715	17	of	of	ADP
cblr-2946	715	18	this	this	DET
cblr-2946	715	19	rule	rule	NOUN
cblr-2946	715	20	)	)	PUNCT
cblr-2946	715	21	.	.	PUNCT
cblr-2946	716	1	202	202	NUM
cblr-2946	716	2	open	open	ADJ
cblr-2946	716	3	meeting	meeting	NOUN
cblr-2946	716	4	of	of	ADP
cblr-2946	716	5	the	the	DET
cblr-2946	716	6	u.s	u.s	PROPN
cblr-2946	716	7	.	.	PROPN
cblr-2946	716	8	securities	securities	PROPN
cblr-2946	716	9	and	and	CCONJ
cblr-2946	716	10	exchange	exchange	PROPN
cblr-2946	716	11	commission	commission	PROPN
cblr-2946	716	12	(	(	PUNCT
cblr-2946	716	13	dec	dec	PROPN
cblr-2946	716	14	.	.	PROPN
cblr-2946	716	15	3	3	NUM
cblr-2946	716	16	,	,	PUNCT
cblr-2946	716	17	2008	2008	NUM
cblr-2946	716	18	)	)	PUNCT
cblr-2946	716	19	,	,	PUNCT
cblr-2946	716	20	http://www.connectlive.com/events/secopenmeetings/2008	http://www.connectlive.com/events/secopenmeetings/2008	PROPN
cblr-2946	716	21	index.html	index.html	PROPN
cblr-2946	716	22	.	.	PUNCT
cblr-2946	717	1	this	this	DET
cblr-2946	717	2	limitation	limitation	NOUN
cblr-2946	717	3	became	become	VERB
cblr-2946	717	4	clear	clear	ADJ
cblr-2946	717	5	during	during	ADP
cblr-2946	717	6	a	a	DET
cblr-2946	717	7	dialog	dialog	NOUN
cblr-2946	717	8	between	between	ADP
cblr-2946	717	9	chairman	chairman	NOUN
cblr-2946	717	10	christopher	christopher	PROPN
cblr-2946	717	11	cox	cox	PROPN
cblr-2946	717	12	and	and	CCONJ
cblr-2946	717	13	erik	erik	PROPN
cblr-2946	717	14	sirri	sirri	PROPN
cblr-2946	717	15	,	,	PUNCT
cblr-2946	717	16	director	director	NOUN
cblr-2946	717	17	,	,	PUNCT
cblr-2946	717	18	division	division	NOUN
cblr-2946	717	19	of	of	ADP
cblr-2946	717	20	trading	trading	NOUN
cblr-2946	717	21	and	and	CCONJ
cblr-2946	717	22	markets	market	NOUN
cblr-2946	717	23	.	.	PUNCT
cblr-2946	718	1	203	203	NUM
cblr-2946	718	2	i	i	PROPN
cblr-2946	718	3	d.	d.	PROPN
cblr-2946	718	4	columbia	columbia	PROPN
cblr-2946	718	5	business	business	PROPN
cblr-2946	718	6	la	la	PROPN
cblr-2946	718	7	w	w	PROPN
cblr-2946	718	8	review	review	PROPN
cblr-2946	718	9	3	3	NUM
cblr-2946	718	10	.	.	PUNCT
cblr-2946	718	11	proposed	propose	VERB
cblr-2946	718	12	amendments	amendment	NOUN
cblr-2946	718	13	0	0	NUM
cblr-2946	718	14	4	4	NUM
cblr-2946	718	15	the	the	DET
cblr-2946	718	16	sec	sec	PROPN
cblr-2946	718	17	is	be	AUX
cblr-2946	718	18	presently	presently	ADV
cblr-2946	718	19	considering	consider	VERB
cblr-2946	718	20	two	two	NUM
cblr-2946	718	21	additional	additional	ADJ
cblr-2946	718	22	disclosure	disclosure	NOUN
cblr-2946	718	23	-	-	PUNCT
cblr-2946	718	24	based	base	VERB
cblr-2946	718	25	rules	rule	NOUN
cblr-2946	718	26	that	that	PRON
cblr-2946	718	27	are	be	AUX
cblr-2946	718	28	relevant	relevant	ADJ
cblr-2946	718	29	to	to	ADP
cblr-2946	718	30	the	the	DET
cblr-2946	718	31	issuer	issuer	NOUN
cblr-2946	718	32	pays	pay	VERB
cblr-2946	718	33	conflict	conflict	NOUN
cblr-2946	718	34	.	.	PUNCT
cblr-2946	719	1	first	first	ADV
cblr-2946	719	2	,	,	PUNCT
cblr-2946	719	3	the	the	DET
cblr-2946	719	4	sec	sec	PROPN
cblr-2946	719	5	is	be	AUX
cblr-2946	719	6	considering	consider	VERB
cblr-2946	719	7	extending	extend	VERB
cblr-2946	719	8	the	the	DET
cblr-2946	719	9	newly	newly	ADV
cblr-2946	719	10	adopted	adopt	VERB
cblr-2946	719	11	requirement	requirement	NOUN
cblr-2946	719	12	that	that	SCONJ
cblr-2946	719	13	an	an	DET
cblr-2946	719	14	nrsro	nrsro	NOUN
cblr-2946	719	15	disclose	disclose	VERB
cblr-2946	719	16	a	a	DET
cblr-2946	719	17	random	random	ADJ
cblr-2946	719	18	sample	sample	NOUN
cblr-2946	719	19	of	of	ADP
cblr-2946	719	20	10	10	NUM
cblr-2946	719	21	%	%	NOUN
cblr-2946	719	22	of	of	ADP
cblr-2946	719	23	its	its	PRON
cblr-2946	719	24	issuer	issuer	NOUN
cblr-2946	719	25	-	-	PUNCT
cblr-2946	719	26	paid	pay	VERB
cblr-2946	719	27	ratings	rating	NOUN
cblr-2946	719	28	to	to	PART
cblr-2946	719	29	require	require	VERB
cblr-2946	719	30	the	the	DET
cblr-2946	719	31	nrsro	nrsro	NOUN
cblr-2946	719	32	to	to	PART
cblr-2946	719	33	disclose	disclose	VERB
cblr-2946	719	34	100	100	NUM
cblr-2946	719	35	%	%	NOUN
cblr-2946	719	36	of	of	ADP
cblr-2946	719	37	these	these	DET
cblr-2946	719	38	ratings.2	ratings.2	ADJ
cblr-2946	719	39	5	5	NUM
cblr-2946	719	40	this	this	DET
cblr-2946	719	41	rule	rule	NOUN
cblr-2946	719	42	would	would	AUX
cblr-2946	719	43	,	,	PUNCT
cblr-2946	719	44	however	however	ADV
cblr-2946	719	45	,	,	PUNCT
cblr-2946	719	46	provide	provide	VERB
cblr-2946	719	47	the	the	DET
cblr-2946	719	48	agencies	agency	NOUN
cblr-2946	719	49	with	with	ADP
cblr-2946	719	50	a	a	DET
cblr-2946	719	51	twelve	twelve	NUM
cblr-2946	719	52	-	-	PUNCT
cblr-2946	719	53	month	month	NOUN
cblr-2946	719	54	time	time	NOUN
cblr-2946	719	55	lag	lag	VERB
cblr-2946	719	56	to	to	PART
cblr-2946	719	57	disclose	disclose	VERB
cblr-2946	719	58	the	the	DET
cblr-2946	719	59	information	information	NOUN
cblr-2946	719	60	and	and	CCONJ
cblr-2946	719	61	would	would	AUX
cblr-2946	719	62	apply	apply	VERB
cblr-2946	719	63	only	only	ADV
cblr-2946	719	64	to	to	ADP
cblr-2946	719	65	ratings	rating	NOUN
cblr-2946	719	66	issued	issue	VERB
cblr-2946	719	67	after	after	ADP
cblr-2946	719	68	june	june	PROPN
cblr-2946	719	69	26	26	NUM
cblr-2946	719	70	,	,	PUNCT
cblr-2946	719	71	2007.206	2007.206	NUM
cblr-2946	719	72	perhaps	perhaps	ADV
cblr-2946	719	73	more	more	ADV
cblr-2946	719	74	meaningfully	meaningfully	ADV
cblr-2946	719	75	,	,	PUNCT
cblr-2946	719	76	a	a	DET
cblr-2946	719	77	second	second	ADJ
cblr-2946	719	78	proposal	proposal	NOUN
cblr-2946	719	79	would	would	AUX
cblr-2946	719	80	prohibit	prohibit	VERB
cblr-2946	719	81	an	an	DET
cblr-2946	719	82	nrsro	nrsro	NOUN
cblr-2946	719	83	from	from	ADP
cblr-2946	719	84	providing	provide	VERB
cblr-2946	719	85	a	a	DET
cblr-2946	719	86	rating	rating	NOUN
cblr-2946	719	87	on	on	ADP
cblr-2946	719	88	a	a	DET
cblr-2946	719	89	structured	structured	ADJ
cblr-2946	719	90	finance	finance	NOUN
cblr-2946	719	91	product	product	NOUN
cblr-2946	719	92	that	that	PRON
cblr-2946	719	93	is	be	AUX
cblr-2946	719	94	paid	pay	VERB
cblr-2946	719	95	for	for	ADP
cblr-2946	719	96	by	by	ADP
cblr-2946	719	97	the	the	DET
cblr-2946	719	98	issuer	issuer	NOUN
cblr-2946	719	99	,	,	PUNCT
cblr-2946	719	100	sponsor	sponsor	NOUN
cblr-2946	719	101	,	,	PUNCT
cblr-2946	719	102	or	or	CCONJ
cblr-2946	719	103	underwriter	underwriter	NOUN
cblr-2946	719	104	unless	unless	SCONJ
cblr-2946	719	105	the	the	DET
cblr-2946	719	106	information	information	NOUN
cblr-2946	719	107	provided	provide	VERB
cblr-2946	719	108	to	to	ADP
cblr-2946	719	109	the	the	DET
cblr-2946	719	110	nrsro	nrsro	NOUN
cblr-2946	719	111	to	to	PART
cblr-2946	719	112	rate	rate	VERB
cblr-2946	719	113	and	and	CCONJ
cblr-2946	719	114	perform	perform	VERB
cblr-2946	719	115	ongoing	ongoing	ADJ
cblr-2946	719	116	monitoring	monitoring	NOUN
cblr-2946	719	117	on	on	ADP
cblr-2946	719	118	the	the	DET
cblr-2946	719	119	product	product	NOUN
cblr-2946	719	120	is	be	AUX
cblr-2946	719	121	also	also	ADV
cblr-2946	719	122	made	make	VERB
cblr-2946	719	123	available	available	ADJ
cblr-2946	719	124	to	to	ADP
cblr-2946	719	125	other	other	ADJ
cblr-2946	719	126	nrsros	nrsro	NOUN
cblr-2946	719	127	.	.	PUNCT
cblr-2946	720	1	°	°	NOUN
cblr-2946	720	2	nrsros	nrsro	NOUN
cblr-2946	720	3	seeking	seek	VERB
cblr-2946	720	4	to	to	PART
cblr-2946	720	5	access	access	VERB
cblr-2946	720	6	this	this	DET
cblr-2946	720	7	information	information	NOUN
cblr-2946	720	8	would	would	AUX
cblr-2946	720	9	need	need	VERB
cblr-2946	720	10	to	to	PART
cblr-2946	720	11	certify	certify	VERB
cblr-2946	720	12	to	to	ADP
cblr-2946	720	13	the	the	DET
cblr-2946	720	14	sec	sec	PROPN
cblr-2946	720	15	that	that	SCONJ
cblr-2946	720	16	they	they	PRON
cblr-2946	720	17	intend	intend	VERB
cblr-2946	720	18	to	to	PART
cblr-2946	720	19	use	use	VERB
cblr-2946	720	20	the	the	DET
cblr-2946	720	21	information	information	NOUN
cblr-2946	720	22	only	only	ADV
cblr-2946	720	23	to	to	PART
cblr-2946	720	24	provide	provide	VERB
cblr-2946	720	25	credit	credit	NOUN
cblr-2946	720	26	ratings	rating	NOUN
cblr-2946	720	27	and	and	CCONJ
cblr-2946	720	28	that	that	SCONJ
cblr-2946	720	29	they	they	PRON
cblr-2946	720	30	will	will	AUX
cblr-2946	720	31	produce	produce	VERB
cblr-2946	720	32	a	a	DET
cblr-2946	720	33	minimum	minimum	ADJ
cblr-2946	720	34	number	number	NOUN
cblr-2946	720	35	of	of	ADP
cblr-2946	720	36	ratings	rating	NOUN
cblr-2946	720	37	based	base	VERB
cblr-2946	720	38	on	on	ADP
cblr-2946	720	39	the	the	DET
cblr-2946	720	40	information	information	NOUN
cblr-2946	720	41	.	.	PUNCT
cblr-2946	721	1	08	08	NUM
cblr-2946	722	1	the	the	DET
cblr-2946	722	2	idea	idea	NOUN
cblr-2946	722	3	behind	behind	ADP
cblr-2946	722	4	the	the	DET
cblr-2946	722	5	proposal	proposal	NOUN
cblr-2946	722	6	appears	appear	VERB
cblr-2946	722	7	to	to	PART
cblr-2946	722	8	be	be	AUX
cblr-2946	722	9	that	that	SCONJ
cblr-2946	722	10	cras	cras	PROPN
cblr-2946	722	11	would	would	AUX
cblr-2946	722	12	be	be	AUX
cblr-2946	722	13	able	able	ADJ
cblr-2946	722	14	to	to	PART
cblr-2946	722	15	issue	issue	VERB
cblr-2946	722	16	unsolicited	unsolicited	ADJ
cblr-2946	722	17	ratings	rating	NOUN
cblr-2946	722	18	on	on	ADP
cblr-2946	722	19	instruments	instrument	NOUN
cblr-2946	722	20	,	,	PUNCT
cblr-2946	722	21	thereby	thereby	ADV
cblr-2946	722	22	uncovering	uncover	VERB
cblr-2946	722	23	any	any	DET
cblr-2946	722	24	inflated	inflated	ADJ
cblr-2946	722	25	ratings	rating	NOUN
cblr-2946	722	26	.	.	PUNCT
cblr-2946	723	1	in	in	ADP
cblr-2946	723	2	theory	theory	NOUN
cblr-2946	723	3	,	,	PUNCT
cblr-2946	723	4	this	this	DET
cblr-2946	723	5	requirement	requirement	NOUN
cblr-2946	723	6	would	would	AUX
cblr-2946	723	7	provide	provide	VERB
cblr-2946	723	8	an	an	DET
cblr-2946	723	9	nrsro	nrsro	NOUN
cblr-2946	723	10	with	with	ADP
cblr-2946	723	11	increased	increase	VERB
cblr-2946	723	12	leverage	leverage	NOUN
cblr-2946	723	13	over	over	ADP
cblr-2946	723	14	an	an	DET
cblr-2946	723	15	underwriter	underwriter	NOUN
cblr-2946	723	16	that	that	SCONJ
cblr-2946	723	17	204	204	NUM
cblr-2946	723	18	again	again	ADV
cblr-2946	723	19	,	,	PUNCT
cblr-2946	723	20	this	this	DET
cblr-2946	723	21	summary	summary	NOUN
cblr-2946	723	22	emphasizes	emphasize	VERB
cblr-2946	723	23	amendments	amendment	NOUN
cblr-2946	723	24	geared	gear	VERB
cblr-2946	723	25	at	at	ADP
cblr-2946	723	26	mitigating	mitigate	VERB
cblr-2946	723	27	the	the	DET
cblr-2946	723	28	issuer	issuer	NOUN
cblr-2946	723	29	pays	pay	VERB
cblr-2946	723	30	conflict	conflict	NOUN
cblr-2946	723	31	through	through	ADP
cblr-2946	723	32	disclosure	disclosure	NOUN
cblr-2946	723	33	.	.	PUNCT
cblr-2946	724	1	the	the	DET
cblr-2946	724	2	sec	sec	PROPN
cblr-2946	724	3	's	's	PART
cblr-2946	724	4	present	present	ADJ
cblr-2946	724	5	proposals	proposal	NOUN
cblr-2946	724	6	regarding	regard	VERB
cblr-2946	724	7	nrsros	nrsro	NOUN
cblr-2946	724	8	are	be	AUX
cblr-2946	724	9	far	far	ADV
cblr-2946	724	10	broader	broad	ADJ
cblr-2946	724	11	.	.	PUNCT
cblr-2946	725	1	re	re	VERB
cblr-2946	725	2	-	-	VERB
cblr-2946	725	3	proposed	propose	VERB
cblr-2946	725	4	rules	rule	NOUN
cblr-2946	725	5	for	for	ADP
cblr-2946	725	6	nationally	nationally	ADV
cblr-2946	725	7	recognized	recognize	VERB
cblr-2946	725	8	statistical	statistical	ADJ
cblr-2946	725	9	rating	rating	NOUN
cblr-2946	725	10	organizations	organization	NOUN
cblr-2946	725	11	,	,	PUNCT
cblr-2946	725	12	exchange	exchange	NOUN
cblr-2946	725	13	act	act	NOUN
cblr-2946	725	14	release	release	VERB
cblr-2946	725	15	no	no	PROPN
cblr-2946	725	16	.	.	NOUN
cblr-2946	725	17	59,343	59,343	NUM
cblr-2946	725	18	,	,	PUNCT
cblr-2946	725	19	2009	2009	NUM
cblr-2946	725	20	sec	sec	PROPN
cblr-2946	725	21	lexis	lexis	X
cblr-2946	725	22	240	240	NUM
cblr-2946	725	23	(	(	PUNCT
cblr-2946	725	24	feb	feb	X
cblr-2946	725	25	.	.	PROPN
cblr-2946	725	26	2	2	NUM
cblr-2946	725	27	,	,	PUNCT
cblr-2946	725	28	2009	2009	NUM
cblr-2946	725	29	)	)	PUNCT
cblr-2946	725	30	;	;	PUNCT
cblr-2946	725	31	sec	sec	PROPN
cblr-2946	725	32	july	july	PROPN
cblr-2946	725	33	2008	2008	NUM
cblr-2946	725	34	proposed	propose	VERB
cblr-2946	725	35	amendments	amendment	NOUN
cblr-2946	725	36	,	,	PUNCT
cblr-2946	725	37	supra	supra	PROPN
cblr-2946	725	38	note	note	VERB
cblr-2946	726	1	102	102	NUM
cblr-2946	726	2	.	.	NOUN
cblr-2946	726	3	205	205	NUM
cblr-2946	726	4	re	re	ADJ
cblr-2946	726	5	-	-	ADJ
cblr-2946	726	6	proposed	propose	VERB
cblr-2946	726	7	rules	rule	NOUN
cblr-2946	726	8	for	for	ADP
cblr-2946	726	9	nationally	nationally	ADV
cblr-2946	726	10	recognized	recognize	VERB
cblr-2946	726	11	statistical	statistical	ADJ
cblr-2946	726	12	rating	rating	NOUN
cblr-2946	726	13	organizations	organization	NOUN
cblr-2946	726	14	,	,	PUNCT
cblr-2946	726	15	exchange	exchange	NOUN
cblr-2946	726	16	act	act	NOUN
cblr-2946	726	17	release	release	VERB
cblr-2946	726	18	no	no	PROPN
cblr-2946	726	19	.	.	NOUN
cblr-2946	726	20	59,343	59,343	NUM
cblr-2946	726	21	,	,	PUNCT
cblr-2946	726	22	2009	2009	NUM
cblr-2946	726	23	sec	sec	PROPN
cblr-2946	726	24	lexis	lexis	NOUN
cblr-2946	726	25	240	240	NUM
cblr-2946	726	26	,	,	PUNCT
cblr-2946	726	27	at	at	ADP
cblr-2946	726	28	*	*	NUM
cblr-2946	726	29	149	149	NUM
cblr-2946	726	30	(	(	PUNCT
cblr-2946	726	31	feb	feb	X
cblr-2946	726	32	.	.	PROPN
cblr-2946	726	33	2	2	NUM
cblr-2946	726	34	,	,	PUNCT
cblr-2946	726	35	2009	2009	NUM
cblr-2946	726	36	)	)	PUNCT
cblr-2946	726	37	.	.	PUNCT
cblr-2946	727	1	206	206	NUM
cblr-2946	728	1	i	i	PRON
cblr-2946	728	2	d.	d.	PROPN
cblr-2946	728	3	207	207	NUM
cblr-2946	728	4	i	i	PRON
cblr-2946	728	5	d.	d.	VERB
cblr-2946	728	6	at	at	ADP
cblr-2946	728	7	*	*	PROPN
cblr-2946	728	8	150	150	NUM
cblr-2946	728	9	-	-	SYM
cblr-2946	728	10	54	54	NUM
cblr-2946	728	11	(	(	PUNCT
cblr-2946	728	12	outlining	outline	VERB
cblr-2946	728	13	process	process	NOUN
cblr-2946	728	14	for	for	ADP
cblr-2946	728	15	implementing	implement	VERB
cblr-2946	728	16	this	this	DET
cblr-2946	728	17	proposal	proposal	NOUN
cblr-2946	728	18	)	)	PUNCT
cblr-2946	728	19	.	.	PUNCT
cblr-2946	729	1	208	208	NUM
cblr-2946	730	1	i	i	PRON
cblr-2946	730	2	d.	d.	NOUN
cblr-2946	730	3	at	at	ADP
cblr-2946	730	4	*	*	PROPN
cblr-2946	730	5	153	153	NUM
cblr-2946	730	6	-	-	SYM
cblr-2946	730	7	54	54	NUM
cblr-2946	730	8	.	.	PUNCT
cblr-2946	731	1	an	an	DET
cblr-2946	731	2	nrsro	nrsro	NOUN
cblr-2946	731	3	must	must	AUX
cblr-2946	731	4	certify	certify	VERB
cblr-2946	731	5	that	that	SCONJ
cblr-2946	731	6	it	it	PRON
cblr-2946	731	7	will	will	AUX
cblr-2946	731	8	rate	rate	VERB
cblr-2946	731	9	at	at	ADV
cblr-2946	731	10	least	least	ADV
cblr-2946	731	11	10	10	NUM
cblr-2946	731	12	%	%	NOUN
cblr-2946	731	13	of	of	ADP
cblr-2946	731	14	the	the	DET
cblr-2946	731	15	securities	security	NOUN
cblr-2946	731	16	for	for	ADP
cblr-2946	731	17	which	which	PRON
cblr-2946	731	18	it	it	PRON
cblr-2946	731	19	accesses	access	VERB
cblr-2946	731	20	information	information	NOUN
cblr-2946	731	21	if	if	SCONJ
cblr-2946	731	22	the	the	DET
cblr-2946	731	23	nrsro	nrsro	NOUN
cblr-2946	731	24	chooses	choose	VERB
cblr-2946	731	25	to	to	PART
cblr-2946	731	26	access	access	VERB
cblr-2946	731	27	information	information	NOUN
cblr-2946	731	28	for	for	ADP
cblr-2946	731	29	ten	ten	NUM
cblr-2946	731	30	or	or	CCONJ
cblr-2946	731	31	more	more	ADJ
cblr-2946	731	32	securities	security	NOUN
cblr-2946	731	33	in	in	ADP
cblr-2946	731	34	the	the	DET
cblr-2946	731	35	calendar	calendar	NOUN
cblr-2946	731	36	year	year	NOUN
cblr-2946	731	37	covered	cover	VERB
cblr-2946	731	38	by	by	ADP
cblr-2946	731	39	the	the	DET
cblr-2946	731	40	certification	certification	NOUN
cblr-2946	731	41	.	.	PUNCT
cblr-2946	732	1	[	[	X
cblr-2946	732	2	vol	vol	NOUN
cblr-2946	732	3	.	.	PUNCT
cblr-2946	732	4	2009	2009	NUM
cblr-2946	732	5	no	no	NOUN
cblr-2946	732	6	.	.	PUNCT
cblr-2946	733	1	2:605	2:605	NUM
cblr-2946	733	2	]	]	X
cblr-2946	733	3	credit	credit	NOUN
cblr-2946	733	4	rating	rating	NOUN
cblr-2946	733	5	agencies	agency	NOUN
cblr-2946	733	6	and	and	CCONJ
cblr-2946	733	7	the	the	DET
cblr-2946	733	8	credit	credit	NOUN
cblr-2946	733	9	crisis	crisis	NOUN
cblr-2946	733	10	651	651	NUM
cblr-2946	733	11	is	be	AUX
cblr-2946	733	12	pressuring	pressure	VERB
cblr-2946	733	13	it	it	PRON
cblr-2946	733	14	to	to	PART
cblr-2946	733	15	inflate	inflate	VERB
cblr-2946	733	16	its	its	PRON
cblr-2946	733	17	ratings	rating	NOUN
cblr-2946	733	18	.	.	PUNCT
cblr-2946	734	1	whether	whether	SCONJ
cblr-2946	734	2	this	this	DET
cblr-2946	734	3	proposal	proposal	NOUN
cblr-2946	734	4	would	would	AUX
cblr-2946	734	5	rectify	rectify	VERB
cblr-2946	734	6	the	the	DET
cblr-2946	734	7	problem	problem	NOUN
cblr-2946	734	8	,	,	PUNCT
cblr-2946	734	9	however	however	ADV
cblr-2946	734	10	,	,	PUNCT
cblr-2946	734	11	is	be	AUX
cblr-2946	734	12	uncertain	uncertain	ADJ
cblr-2946	734	13	.	.	PUNCT
cblr-2946	735	1	on	on	ADP
cblr-2946	735	2	the	the	DET
cblr-2946	735	3	one	one	NUM
cblr-2946	735	4	hand	hand	NOUN
cblr-2946	735	5	,	,	PUNCT
cblr-2946	735	6	an	an	DET
cblr-2946	735	7	nrsro	nrsro	NOUN
cblr-2946	735	8	may	may	AUX
cblr-2946	735	9	have	have	VERB
cblr-2946	735	10	an	an	DET
cblr-2946	735	11	incentive	incentive	NOUN
cblr-2946	735	12	to	to	PART
cblr-2946	735	13	issue	issue	VERB
cblr-2946	735	14	these	these	DET
cblr-2946	735	15	unsolicited	unsolicited	ADJ
cblr-2946	735	16	ratings	rating	NOUN
cblr-2946	735	17	as	as	ADP
cblr-2946	735	18	a	a	DET
cblr-2946	735	19	competitive	competitive	ADJ
cblr-2946	735	20	strategy	strategy	NOUN
cblr-2946	735	21	to	to	PART
cblr-2946	735	22	increase	increase	VERB
cblr-2946	735	23	business	business	NOUN
cblr-2946	735	24	.	.	PUNCT
cblr-2946	736	1	on	on	ADP
cblr-2946	736	2	the	the	DET
cblr-2946	736	3	other	other	ADJ
cblr-2946	736	4	hand	hand	NOUN
cblr-2946	736	5	,	,	PUNCT
cblr-2946	736	6	a	a	DET
cblr-2946	736	7	truly	truly	ADV
cblr-2946	736	8	widespread	widespread	ADJ
cblr-2946	736	9	practice	practice	NOUN
cblr-2946	736	10	of	of	ADP
cblr-2946	736	11	issuing	issue	VERB
cblr-2946	736	12	unsolicited	unsolicited	ADJ
cblr-2946	736	13	ratings	rating	NOUN
cblr-2946	736	14	is	be	AUX
cblr-2946	736	15	costly	costly	ADJ
cblr-2946	736	16	for	for	ADP
cblr-2946	736	17	any	any	DET
cblr-2946	736	18	one	one	NUM
cblr-2946	736	19	nrsro	nrsro	ADJ
cblr-2946	736	20	,	,	PUNCT
cblr-2946	736	21	and	and	CCONJ
cblr-2946	736	22	the	the	DET
cblr-2946	736	23	practice	practice	NOUN
cblr-2946	736	24	would	would	AUX
cblr-2946	736	25	need	need	VERB
cblr-2946	736	26	to	to	PART
cblr-2946	736	27	be	be	AUX
cblr-2946	736	28	fairly	fairly	ADV
cblr-2946	736	29	widespread	widespread	ADJ
cblr-2946	736	30	to	to	PART
cblr-2946	736	31	uncover	uncover	VERB
cblr-2946	736	32	systematic	systematic	ADJ
cblr-2946	736	33	inflation	inflation	NOUN
cblr-2946	736	34	.	.	PUNCT
cblr-2946	737	1	in	in	ADP
cblr-2946	737	2	addition	addition	NOUN
cblr-2946	737	3	,	,	PUNCT
cblr-2946	737	4	an	an	DET
cblr-2946	737	5	issuer	issuer	NOUN
cblr-2946	737	6	may	may	AUX
cblr-2946	737	7	resist	resist	VERB
cblr-2946	737	8	switching	switch	VERB
cblr-2946	737	9	its	its	PRON
cblr-2946	737	10	business	business	NOUN
cblr-2946	737	11	to	to	ADP
cblr-2946	737	12	the	the	DET
cblr-2946	737	13	more	more	ADV
cblr-2946	737	14	conservative	conservative	ADJ
cblr-2946	737	15	cra	cra	NOUN
cblr-2946	737	16	that	that	PRON
cblr-2946	737	17	gave	give	VERB
cblr-2946	737	18	it	it	PRON
cblr-2946	737	19	a	a	DET
cblr-2946	737	20	lower	low	ADJ
cblr-2946	737	21	rating	rating	NOUN
cblr-2946	737	22	absent	absent	ADJ
cblr-2946	737	23	some	some	DET
cblr-2946	737	24	functioning	function	VERB
cblr-2946	737	25	market	market	NOUN
cblr-2946	737	26	mechanism	mechanism	NOUN
cblr-2946	737	27	that	that	PRON
cblr-2946	737	28	penalizes	penalize	VERB
cblr-2946	737	29	the	the	DET
cblr-2946	737	30	issuer	issuer	NOUN
cblr-2946	737	31	for	for	ADP
cblr-2946	737	32	failing	fail	VERB
cblr-2946	737	33	to	to	PART
cblr-2946	737	34	switch	switch	VERB
cblr-2946	737	35	.	.	PUNCT
cblr-2946	738	1	beyond	beyond	ADP
cblr-2946	738	2	that	that	PRON
cblr-2946	738	3	,	,	PUNCT
cblr-2946	738	4	an	an	DET
cblr-2946	738	5	nrsro	nrsro	NOUN
cblr-2946	738	6	could	could	AUX
cblr-2946	738	7	abuse	abuse	VERB
cblr-2946	738	8	the	the	DET
cblr-2946	738	9	practice	practice	NOUN
cblr-2946	738	10	of	of	ADP
cblr-2946	738	11	issuing	issue	VERB
cblr-2946	738	12	unsolicited	unsolicited	ADJ
cblr-2946	738	13	ratings	rating	NOUN
cblr-2946	738	14	to	to	ADP
cblr-2946	738	15	strong	strong	ADJ
cblr-2946	738	16	arm	arm	NOUN
cblr-2946	738	17	issuers	issuer	NOUN
cblr-2946	738	18	into	into	ADP
cblr-2946	738	19	purchasing	purchase	VERB
cblr-2946	738	20	its	its	PRON
cblr-2946	738	21	ratings	rating	NOUN
cblr-2946	738	22	.	.	PUNCT
cblr-2946	739	1	in	in	ADP
cblr-2946	739	2	the	the	DET
cblr-2946	739	3	past	past	NOUN
cblr-2946	739	4	,	,	PUNCT
cblr-2946	739	5	moody	moody	PROPN
cblr-2946	739	6	's	's	PART
cblr-2946	739	7	was	be	AUX
cblr-2946	739	8	heavily	heavily	ADV
cblr-2946	739	9	criticized	criticize	VERB
cblr-2946	739	10	for	for	ADP
cblr-2946	739	11	doing	do	VERB
cblr-2946	739	12	this	this	PRON
cblr-2946	739	13	and	and	CCONJ
cblr-2946	739	14	largely	largely	ADV
cblr-2946	739	15	retreated	retreat	VERB
cblr-2946	739	16	from	from	ADP
cblr-2946	739	17	the	the	DET
cblr-2946	739	18	practice	practice	NOUN
cblr-2946	739	19	of	of	ADP
cblr-2946	739	20	issuing	issue	VERB
cblr-2946	739	21	unsolicited	unsolicited	ADJ
cblr-2946	739	22	ratings.2	ratings.2	ADJ
cblr-2946	739	23	°	°	NOUN
cblr-2946	739	24	9	9	NUM
cblr-2946	739	25	consistent	consistent	ADJ
cblr-2946	739	26	with	with	ADP
cblr-2946	739	27	the	the	DET
cblr-2946	739	28	existing	exist	VERB
cblr-2946	739	29	regulatory	regulatory	ADJ
cblr-2946	739	30	framework	framework	NOUN
cblr-2946	739	31	,	,	PUNCT
cblr-2946	739	32	the	the	DET
cblr-2946	739	33	proposed	propose	VERB
cblr-2946	739	34	amendments	amendment	NOUN
cblr-2946	739	35	largely	largely	ADV
cblr-2946	739	36	rely	rely	VERB
cblr-2946	739	37	on	on	ADP
cblr-2946	739	38	disclosure	disclosure	NOUN
cblr-2946	739	39	requirements	requirement	NOUN
cblr-2946	739	40	to	to	PART
cblr-2946	739	41	protect	protect	VERB
cblr-2946	739	42	investors	investor	NOUN
cblr-2946	739	43	from	from	ADP
cblr-2946	739	44	the	the	DET
cblr-2946	739	45	problems	problem	NOUN
cblr-2946	739	46	that	that	PRON
cblr-2946	739	47	the	the	DET
cblr-2946	739	48	issuer	issuer	NOUN
cblr-2946	739	49	pays	pay	VERB
cblr-2946	739	50	conflict	conflict	NOUN
cblr-2946	739	51	creates	create	VERB
cblr-2946	739	52	.	.	PUNCT
cblr-2946	740	1	indeed	indeed	ADV
cblr-2946	740	2	,	,	PUNCT
cblr-2946	740	3	sec	sec	PROPN
cblr-2946	740	4	chairman	chairman	PROPN
cblr-2946	740	5	christopher	christopher	PROPN
cblr-2946	740	6	cox	cox	PROPN
cblr-2946	740	7	acknowledged	acknowledge	VERB
cblr-2946	740	8	this	this	PRON
cblr-2946	740	9	when	when	SCONJ
cblr-2946	740	10	he	he	PRON
cblr-2946	740	11	stated	state	VERB
cblr-2946	740	12	that	that	SCONJ
cblr-2946	740	13	the	the	DET
cblr-2946	740	14	sec	sec	PROPN
cblr-2946	740	15	"	"	PUNCT
cblr-2946	740	16	want[s	want[s	PROPN
cblr-2946	740	17	]	]	PUNCT
cblr-2946	740	18	investors	investor	NOUN
cblr-2946	740	19	to	to	PART
cblr-2946	740	20	understand	understand	VERB
cblr-2946	740	21	what	what	PRON
cblr-2946	740	22	they	they	PRON
cblr-2946	740	23	're	be	AUX
cblr-2946	740	24	looking	look	VERB
cblr-2946	740	25	at.210	at.210	PROPN
cblr-2946	740	26	b.	b.	PROPN
cblr-2946	740	27	the	the	DET
cblr-2946	740	28	theory	theory	NOUN
cblr-2946	740	29	underlying	underlie	VERB
cblr-2946	740	30	disclosure	disclosure	NOUN
cblr-2946	740	31	-	-	PUNCT
cblr-2946	740	32	based	base	VERB
cblr-2946	740	33	regulations	regulation	NOUN
cblr-2946	740	34	in	in	ADP
cblr-2946	740	35	order	order	NOUN
cblr-2946	740	36	to	to	PART
cblr-2946	740	37	evaluate	evaluate	VERB
cblr-2946	740	38	whether	whether	SCONJ
cblr-2946	740	39	a	a	DET
cblr-2946	740	40	disclosure	disclosure	NOUN
cblr-2946	740	41	-	-	PUNCT
cblr-2946	740	42	based	base	VERB
cblr-2946	740	43	regulatory	regulatory	ADJ
cblr-2946	740	44	regime	regime	NOUN
cblr-2946	740	45	can	can	AUX
cblr-2946	740	46	effectively	effectively	ADV
cblr-2946	740	47	deter	deter	VERB
cblr-2946	740	48	cras	cra	NOUN
cblr-2946	740	49	from	from	ADP
cblr-2946	740	50	favoring	favor	VERB
cblr-2946	740	51	the	the	DET
cblr-2946	740	52	interests	interest	NOUN
cblr-2946	740	53	of	of	ADP
cblr-2946	740	54	their	their	PRON
cblr-2946	740	55	clients	client	NOUN
cblr-2946	740	56	over	over	ADP
cblr-2946	740	57	investors	investor	NOUN
cblr-2946	740	58	,	,	PUNCT
cblr-2946	740	59	it	it	PRON
cblr-2946	740	60	is	be	AUX
cblr-2946	740	61	helpful	helpful	ADJ
cblr-2946	740	62	to	to	PART
cblr-2946	740	63	explore	explore	VERB
cblr-2946	740	64	the	the	DET
cblr-2946	740	65	theory	theory	NOUN
cblr-2946	740	66	underlying	underlie	VERB
cblr-2946	740	67	why	why	SCONJ
cblr-2946	740	68	disclosure	disclosure	NOUN
cblr-2946	740	69	is	be	AUX
cblr-2946	740	70	favored	favor	VERB
cblr-2946	740	71	as	as	ADP
cblr-2946	740	72	a	a	DET
cblr-2946	740	73	regulatory	regulatory	ADJ
cblr-2946	740	74	tool	tool	NOUN
cblr-2946	740	75	.	.	PUNCT
cblr-2946	741	1	in	in	ADP
cblr-2946	741	2	the	the	DET
cblr-2946	741	3	united	united	PROPN
cblr-2946	741	4	states	states	PROPN
cblr-2946	741	5	,	,	PUNCT
cblr-2946	741	6	disclosure	disclosure	NOUN
cblr-2946	741	7	is	be	AUX
cblr-2946	741	8	a	a	DET
cblr-2946	741	9	209	209	NUM
cblr-2946	741	10	hill	hill	NOUN
cblr-2946	741	11	,	,	PUNCT
cblr-2946	741	12	supra	supra	PROPN
cblr-2946	741	13	note	note	PROPN
cblr-2946	741	14	7	7	NUM
cblr-2946	741	15	,	,	PUNCT
cblr-2946	741	16	at	at	ADP
cblr-2946	741	17	52	52	NUM
cblr-2946	741	18	;	;	PUNCT
cblr-2946	741	19	partnoy	partnoy	NUM
cblr-2946	741	20	,	,	PUNCT
cblr-2946	741	21	supra	supra	ADJ
cblr-2946	741	22	note	note	NOUN
cblr-2946	741	23	7	7	NUM
cblr-2946	741	24	,	,	PUNCT
cblr-2946	741	25	at	at	ADP
cblr-2946	741	26	651	651	NUM
cblr-2946	741	27	n.154	n.154	NOUN
cblr-2946	741	28	.	.	PUNCT
cblr-2946	742	1	210	210	NUM
cblr-2946	742	2	scannell	scannell	PROPN
cblr-2946	742	3	&	&	CCONJ
cblr-2946	742	4	lucchetti	lucchetti	PROPN
cblr-2946	742	5	,	,	PUNCT
cblr-2946	742	6	supra	supra	PROPN
cblr-2946	742	7	note	note	NOUN
cblr-2946	742	8	192	192	NUM
cblr-2946	742	9	(	(	PUNCT
cblr-2946	742	10	"	"	PUNCT
cblr-2946	742	11	the	the	DET
cblr-2946	742	12	bulk	bulk	NOUN
cblr-2946	742	13	of	of	ADP
cblr-2946	742	14	the	the	DET
cblr-2946	742	15	agency	agency	NOUN
cblr-2946	742	16	's	's	PART
cblr-2946	742	17	proposals	proposal	NOUN
cblr-2946	742	18	will	will	AUX
cblr-2946	742	19	focus	focus	VERB
cblr-2946	742	20	on	on	ADP
cblr-2946	742	21	disclosure	disclosure	NOUN
cblr-2946	742	22	aimed	aim	VERB
cblr-2946	742	23	at	at	ADP
cblr-2946	742	24	holding	hold	VERB
cblr-2946	742	25	the	the	DET
cblr-2946	742	26	bond	bond	NOUN
cblr-2946	742	27	-	-	PUNCT
cblr-2946	742	28	rating	rate	VERB
cblr-2946	742	29	firms	firm	NOUN
cblr-2946	742	30	more	more	ADV
cblr-2946	742	31	accountable	accountable	ADJ
cblr-2946	742	32	and	and	CCONJ
cblr-2946	742	33	encouraging	encourage	VERB
cblr-2946	742	34	them	they	PRON
cblr-2946	742	35	to	to	PART
cblr-2946	742	36	change	change	VERB
cblr-2946	742	37	their	their	PRON
cblr-2946	742	38	behavior	behavior	NOUN
cblr-2946	742	39	.	.	PUNCT
cblr-2946	743	1	"	"	PUNCT
cblr-2946	743	2	)	)	PUNCT
cblr-2946	743	3	.	.	PUNCT
cblr-2946	744	1	columbia	columbia	PROPN
cblr-2946	744	2	business	business	PROPN
cblr-2946	744	3	la	la	PROPN
cblr-2946	744	4	w	w	PROPN
cblr-2946	744	5	review	review	NOUN
cblr-2946	744	6	touchstone	touchstone	NOUN
cblr-2946	744	7	of	of	ADP
cblr-2946	744	8	the	the	DET
cblr-2946	744	9	federal	federal	PROPN
cblr-2946	744	10	securities	securities	PROPN
cblr-2946	744	11	laws.21	laws.21	PROPN
cblr-2946	744	12	'	'	PUNCT
cblr-2946	744	13	so	so	ADV
cblr-2946	744	14	long	long	ADV
cblr-2946	744	15	as	as	SCONJ
cblr-2946	744	16	investors	investor	NOUN
cblr-2946	744	17	receive	receive	VERB
cblr-2946	744	18	full	full	ADJ
cblr-2946	744	19	and	and	CCONJ
cblr-2946	744	20	fair	fair	ADJ
cblr-2946	744	21	disclosure	disclosure	NOUN
cblr-2946	744	22	of	of	ADP
cblr-2946	744	23	all	all	DET
cblr-2946	744	24	relevant	relevant	ADJ
cblr-2946	744	25	information	information	NOUN
cblr-2946	744	26	regarding	regard	VERB
cblr-2946	744	27	a	a	DET
cblr-2946	744	28	security	security	NOUN
cblr-2946	744	29	on	on	ADP
cblr-2946	744	30	the	the	DET
cblr-2946	744	31	market	market	NOUN
cblr-2946	744	32	,	,	PUNCT
cblr-2946	744	33	investors	investor	NOUN
cblr-2946	744	34	are	be	AUX
cblr-2946	744	35	considered	consider	VERB
cblr-2946	744	36	adequately	adequately	ADV
cblr-2946	744	37	protected	protect	VERB
cblr-2946	744	38	because	because	SCONJ
cblr-2946	744	39	they	they	PRON
cblr-2946	744	40	can	can	AUX
cblr-2946	744	41	evaluate	evaluate	VERB
cblr-2946	744	42	the	the	DET
cblr-2946	744	43	merits	merit	NOUN
cblr-2946	744	44	of	of	ADP
cblr-2946	744	45	the	the	DET
cblr-2946	744	46	security	security	NOUN
cblr-2946	744	47	for	for	ADP
cblr-2946	744	48	themselves.212	themselves.212	PROPN
cblr-2946	744	49	one	one	NUM
cblr-2946	744	50	problem	problem	NOUN
cblr-2946	744	51	underlying	underlie	VERB
cblr-2946	744	52	this	this	DET
cblr-2946	744	53	notion	notion	NOUN
cblr-2946	744	54	is	be	AUX
cblr-2946	744	55	that	that	SCONJ
cblr-2946	744	56	investors	investor	NOUN
cblr-2946	744	57	are	be	AUX
cblr-2946	744	58	heterogeneous	heterogeneous	ADJ
cblr-2946	744	59	and	and	CCONJ
cblr-2946	744	60	differ	differ	VERB
cblr-2946	744	61	in	in	ADP
cblr-2946	744	62	their	their	PRON
cblr-2946	744	63	abilities	ability	NOUN
cblr-2946	744	64	to	to	PART
cblr-2946	744	65	understand	understand	VERB
cblr-2946	744	66	and	and	CCONJ
cblr-2946	744	67	evaluate	evaluate	VERB
cblr-2946	744	68	information.213	information.213	NOUN
cblr-2946	744	69	the	the	DET
cblr-2946	744	70	basic	basic	ADJ
cblr-2946	744	71	solution	solution	NOUN
cblr-2946	744	72	to	to	ADP
cblr-2946	744	73	this	this	PRON
cblr-2946	744	74	is	be	AUX
cblr-2946	744	75	known	know	VERB
cblr-2946	744	76	as	as	ADP
cblr-2946	744	77	the	the	DET
cblr-2946	744	78	efficient	efficient	ADJ
cblr-2946	744	79	markets	market	NOUN
cblr-2946	744	80	hypothesis	hypothesis	NOUN
cblr-2946	744	81	.	.	PUNCT
cblr-2946	745	1	in	in	ADP
cblr-2946	745	2	simple	simple	ADJ
cblr-2946	745	3	terms	term	NOUN
cblr-2946	745	4	,	,	PUNCT
cblr-2946	745	5	this	this	DET
cblr-2946	745	6	hypothesis	hypothesis	NOUN
cblr-2946	745	7	posits	posit	VERB
cblr-2946	745	8	that	that	SCONJ
cblr-2946	745	9	in	in	ADP
cblr-2946	745	10	an	an	DET
cblr-2946	745	11	efficient	efficient	ADJ
cblr-2946	745	12	market	market	NOUN
cblr-2946	745	13	,	,	PUNCT
cblr-2946	745	14	stock	stock	NOUN
cblr-2946	745	15	prices	price	NOUN
cblr-2946	745	16	will	will	AUX
cblr-2946	745	17	reflect	reflect	VERB
cblr-2946	745	18	all	all	DET
cblr-2946	745	19	publicly	publicly	ADV
cblr-2946	745	20	available	available	ADJ
cblr-2946	745	21	information	information	NOUN
cblr-2946	745	22	.	.	PUNCT
cblr-2946	746	1	214	214	NUM
cblr-2946	746	2	furthermore	furthermore	ADV
cblr-2946	746	3	,	,	PUNCT
cblr-2946	746	4	they	they	PRON
cblr-2946	746	5	will	will	AUX
cblr-2946	746	6	do	do	VERB
cblr-2946	746	7	so	so	ADV
cblr-2946	746	8	almost	almost	ADV
cblr-2946	746	9	instantaneously	instantaneously	ADV
cblr-2946	746	10	because	because	SCONJ
cblr-2946	746	11	of	of	ADP
cblr-2946	746	12	the	the	DET
cblr-2946	746	13	large	large	ADJ
cblr-2946	746	14	number	number	NOUN
cblr-2946	746	15	of	of	ADP
cblr-2946	746	16	sophisticated	sophisticated	ADJ
cblr-2946	746	17	investors	investor	NOUN
cblr-2946	746	18	trolling	troll	VERB
cblr-2946	746	19	the	the	DET
cblr-2946	746	20	market	market	NOUN
cblr-2946	746	21	for	for	ADP
cblr-2946	746	22	informational	informational	ADJ
cblr-2946	746	23	advantage.215	advantage.215	NOUN
cblr-2946	746	24	therefore	therefore	ADV
cblr-2946	746	25	,	,	PUNCT
cblr-2946	746	26	it	it	PRON
cblr-2946	746	27	is	be	AUX
cblr-2946	746	28	not	not	PART
cblr-2946	746	29	211	211	NUM
cblr-2946	746	30	see	see	NOUN
cblr-2946	746	31	thomas	thomas	PROPN
cblr-2946	746	32	lee	lee	PROPN
cblr-2946	746	33	hazen	hazen	PROPN
cblr-2946	746	34	,	,	PUNCT
cblr-2946	746	35	treatise	treatise	NOUN
cblr-2946	746	36	on	on	ADP
cblr-2946	746	37	the	the	DET
cblr-2946	746	38	law	law	NOUN
cblr-2946	746	39	of	of	ADP
cblr-2946	746	40	securities	security	NOUN
cblr-2946	746	41	regulation	regulation	NOUN
cblr-2946	746	42	740	740	NUM
cblr-2946	746	43	(	(	PUNCT
cblr-2946	746	44	4th	4th	ADJ
cblr-2946	746	45	ed	ed	NOUN
cblr-2946	746	46	.	.	PROPN
cblr-2946	746	47	2002	2002	NUM
cblr-2946	746	48	)	)	PUNCT
cblr-2946	746	49	(	(	PUNCT
cblr-2946	746	50	"	"	PUNCT
cblr-2946	746	51	[	[	X
cblr-2946	746	52	fjederal	fjederal	ADJ
cblr-2946	746	53	securities	security	NOUN
cblr-2946	746	54	law	law	NOUN
cblr-2946	746	55	's	's	PART
cblr-2946	746	56	exclusive	exclusive	ADJ
cblr-2946	746	57	focus	focus	NOUN
cblr-2946	746	58	is	be	AUX
cblr-2946	746	59	on	on	ADP
cblr-2946	746	60	full	full	ADJ
cblr-2946	746	61	disclosure	disclosure	NOUN
cblr-2946	746	62	.	.	PUNCT
cblr-2946	746	63	"	"	PUNCT
cblr-2946	746	64	)	)	PUNCT
cblr-2946	746	65	.	.	PUNCT
cblr-2946	747	1	212	212	NUM
cblr-2946	747	2	see	see	VERB
cblr-2946	747	3	i	i	PRON
cblr-2946	747	4	d.	d.	PROPN
cblr-2946	747	5	at	at	ADP
cblr-2946	747	6	28	28	NUM
cblr-2946	747	7	(	(	PUNCT
cblr-2946	747	8	"	"	PUNCT
cblr-2946	747	9	the	the	DET
cblr-2946	747	10	theory	theory	NOUN
cblr-2946	747	11	behind	behind	ADP
cblr-2946	747	12	the	the	DET
cblr-2946	747	13	federal	federal	ADJ
cblr-2946	747	14	regulatory	regulatory	ADJ
cblr-2946	747	15	framework	framework	NOUN
cblr-2946	747	16	is	be	AUX
cblr-2946	747	17	that	that	SCONJ
cblr-2946	747	18	investors	investor	NOUN
cblr-2946	747	19	are	be	AUX
cblr-2946	747	20	adequately	adequately	ADV
cblr-2946	747	21	protected	protect	VERB
cblr-2946	747	22	if	if	SCONJ
cblr-2946	747	23	all	all	DET
cblr-2946	747	24	relevant	relevant	ADJ
cblr-2946	747	25	aspects	aspect	NOUN
cblr-2946	747	26	of	of	ADP
cblr-2946	747	27	the	the	DET
cblr-2946	747	28	securities	security	NOUN
cblr-2946	747	29	being	be	AUX
cblr-2946	747	30	marketed	market	VERB
cblr-2946	747	31	are	be	AUX
cblr-2946	747	32	fully	fully	ADV
cblr-2946	747	33	and	and	CCONJ
cblr-2946	747	34	fairly	fairly	ADV
cblr-2946	747	35	disclosed	disclose	VERB
cblr-2946	747	36	.	.	PUNCT
cblr-2946	748	1	the	the	DET
cblr-2946	748	2	reasoning	reasoning	NOUN
cblr-2946	748	3	is	be	AUX
cblr-2946	748	4	that	that	SCONJ
cblr-2946	748	5	full	full	ADJ
cblr-2946	748	6	disclosure	disclosure	NOUN
cblr-2946	748	7	provides	provide	VERB
cblr-2946	748	8	investors	investor	NOUN
cblr-2946	748	9	with	with	ADP
cblr-2946	748	10	sufficient	sufficient	ADJ
cblr-2946	748	11	opportunity	opportunity	NOUN
cblr-2946	748	12	to	to	PART
cblr-2946	748	13	evaluate	evaluate	VERB
cblr-2946	748	14	the	the	DET
cblr-2946	748	15	merits	merit	NOUN
cblr-2946	748	16	of	of	ADP
cblr-2946	748	17	an	an	DET
cblr-2946	748	18	investment	investment	NOUN
cblr-2946	748	19	and	and	CCONJ
cblr-2946	748	20	fend	fend	VERB
cblr-2946	748	21	for	for	ADP
cblr-2946	748	22	themselves	themselves	PRON
cblr-2946	748	23	.	.	PUNCT
cblr-2946	749	1	it	it	PRON
cblr-2946	749	2	is	be	AUX
cblr-2946	749	3	a	a	DET
cblr-2946	749	4	basic	basic	ADJ
cblr-2946	749	5	tenet	tenet	NOUN
cblr-2946	749	6	of	of	ADP
cblr-2946	749	7	federal	federal	ADJ
cblr-2946	749	8	securities	security	NOUN
cblr-2946	749	9	regulation	regulation	NOUN
cblr-2946	749	10	that	that	SCONJ
cblr-2946	749	11	investors	investor	NOUN
cblr-2946	749	12	'	'	PART
cblr-2946	749	13	ability	ability	NOUN
cblr-2946	749	14	to	to	PART
cblr-2946	749	15	make	make	VERB
cblr-2946	749	16	their	their	PRON
cblr-2946	749	17	own	own	ADJ
cblr-2946	749	18	evaluations	evaluation	NOUN
cblr-2946	749	19	of	of	ADP
cblr-2946	749	20	available	available	ADJ
cblr-2946	749	21	investments	investment	NOUN
cblr-2946	749	22	obviates	obviate	VERB
cblr-2946	749	23	any	any	DET
cblr-2946	749	24	need	need	NOUN
cblr-2946	749	25	that	that	PRON
cblr-2946	749	26	some	some	DET
cblr-2946	749	27	observers	observer	NOUN
cblr-2946	749	28	may	may	AUX
cblr-2946	749	29	perceive	perceive	VERB
cblr-2946	749	30	for	for	ADP
cblr-2946	749	31	the	the	DET
cblr-2946	749	32	more	more	ADV
cblr-2946	749	33	costly	costly	ADJ
cblr-2946	749	34	and	and	CCONJ
cblr-2946	749	35	time	time	NOUN
cblr-2946	749	36	-	-	PUNCT
cblr-2946	749	37	consuming	consume	VERB
cblr-2946	749	38	governmental	governmental	ADJ
cblr-2946	749	39	merit	merit	NOUN
cblr-2946	749	40	analysis	analysis	NOUN
cblr-2946	749	41	of	of	ADP
cblr-2946	749	42	the	the	DET
cblr-2946	749	43	securities	security	NOUN
cblr-2946	749	44	being	be	AUX
cblr-2946	749	45	offered	offer	VERB
cblr-2946	749	46	.	.	PUNCT
cblr-2946	749	47	"	"	PUNCT
cblr-2946	749	48	)	)	PUNCT
cblr-2946	749	49	.	.	PUNCT
cblr-2946	750	1	211	211	NUM
cblr-2946	750	2	see	see	VERB
cblr-2946	750	3	steven	steven	PROPN
cblr-2946	750	4	l.	l.	PROPN
cblr-2946	750	5	schwarcz	schwarcz	PROPN
cblr-2946	750	6	,	,	PUNCT
cblr-2946	750	7	rethinking	rethink	VERB
cblr-2946	750	8	the	the	DET
cblr-2946	750	9	disclosure	disclosure	NOUN
cblr-2946	750	10	paradigm	paradigm	NOUN
cblr-2946	750	11	in	in	ADP
cblr-2946	750	12	a	a	DET
cblr-2946	750	13	world	world	NOUN
cblr-2946	750	14	of	of	ADP
cblr-2946	750	15	complexity	complexity	NOUN
cblr-2946	750	16	,	,	PUNCT
cblr-2946	750	17	2004	2004	NUM
cblr-2946	750	18	u.	u.	PROPN
cblr-2946	750	19	ill	ill	PROPN
cblr-2946	750	20	.	.	PUNCT
cblr-2946	751	1	l.	l.	PROPN
cblr-2946	751	2	rev	rev	PROPN
cblr-2946	751	3	.	.	PROPN
cblr-2946	751	4	1	1	NUM
cblr-2946	751	5	,	,	PUNCT
cblr-2946	751	6	17	17	NUM
cblr-2946	751	7	(	(	PUNCT
cblr-2946	751	8	"	"	PUNCT
cblr-2946	751	9	there	there	PRON
cblr-2946	751	10	is	be	VERB
cblr-2946	751	11	,	,	PUNCT
cblr-2946	751	12	after	after	ADV
cblr-2946	751	13	all	all	ADV
cblr-2946	751	14	,	,	PUNCT
cblr-2946	751	15	a	a	DET
cblr-2946	751	16	wide	wide	ADJ
cblr-2946	751	17	variation	variation	NOUN
cblr-2946	751	18	of	of	ADP
cblr-2946	751	19	expertise	expertise	NOUN
cblr-2946	751	20	among	among	ADP
cblr-2946	751	21	investors	investor	NOUN
cblr-2946	751	22	,	,	PUNCT
cblr-2946	751	23	and	and	CCONJ
cblr-2946	751	24	no	no	PRON
cblr-2946	751	25	doubt	doubt	ADV
cblr-2946	751	26	some	some	DET
cblr-2946	751	27	investors	investor	NOUN
cblr-2946	751	28	are	be	AUX
cblr-2946	751	29	incapable	incapable	ADJ
cblr-2946	751	30	of	of	ADP
cblr-2946	751	31	fully	fully	ADV
cblr-2946	751	32	understanding	understanding	ADJ
cblr-2946	751	33	at	at	ADP
cblr-2946	751	34	least	least	ADJ
cblr-2946	751	35	some	some	PRON
cblr-2946	751	36	of	of	ADP
cblr-2946	751	37	the	the	DET
cblr-2946	751	38	information	information	NOUN
cblr-2946	751	39	disclosed	disclose	VERB
cblr-2946	751	40	.	.	PUNCT
cblr-2946	752	1	"	"	PUNCT
cblr-2946	752	2	)	)	PUNCT
cblr-2946	752	3	.	.	PUNCT
cblr-2946	753	1	214	214	NUM
cblr-2946	754	1	i	i	PRON
cblr-2946	754	2	d.	d.	PROPN
cblr-2946	754	3	(	(	PUNCT
cblr-2946	754	4	citing	cite	VERB
cblr-2946	754	5	charles	charles	PROPN
cblr-2946	754	6	r.	r.	PROPN
cblr-2946	754	7	t.	t.	PROPN
cblr-2946	754	8	o'kelley	o'kelley	PROPN
cblr-2946	754	9	&	&	CCONJ
cblr-2946	754	10	robert	robert	PROPN
cblr-2946	754	11	b.	b.	PROPN
cblr-2946	754	12	thompson	thompson	PROPN
cblr-2946	754	13	,	,	PUNCT
cblr-2946	754	14	corporations	corporation	NOUN
cblr-2946	754	15	and	and	CCONJ
cblr-2946	754	16	other	other	ADJ
cblr-2946	754	17	business	business	NOUN
cblr-2946	754	18	associations	association	NOUN
cblr-2946	754	19	170	170	NUM
cblr-2946	754	20	-	-	SYM
cblr-2946	754	21	171	171	NUM
cblr-2946	754	22	(	(	PUNCT
cblr-2946	754	23	3d	3d	NUM
cblr-2946	754	24	ed	ed	NOUN
cblr-2946	754	25	.	.	PROPN
cblr-2946	754	26	1999	1999	NUM
cblr-2946	754	27	)	)	PUNCT
cblr-2946	754	28	(	(	PUNCT
cblr-2946	754	29	referring	refer	VERB
cblr-2946	754	30	to	to	ADP
cblr-2946	754	31	this	this	DET
cblr-2946	754	32	belief	belief	NOUN
cblr-2946	754	33	as	as	ADP
cblr-2946	754	34	the	the	DET
cblr-2946	754	35	semi	semi	ADJ
cblr-2946	754	36	-	-	ADJ
cblr-2946	754	37	strong	strong	ADJ
cblr-2946	754	38	form	form	NOUN
cblr-2946	754	39	of	of	ADP
cblr-2946	754	40	the	the	DET
cblr-2946	754	41	efficient	efficient	ADJ
cblr-2946	754	42	market	market	NOUN
cblr-2946	754	43	hypothesis	hypothesis	NOUN
cblr-2946	754	44	)	)	PUNCT
cblr-2946	754	45	)	)	PUNCT
cblr-2946	754	46	.	.	PUNCT
cblr-2946	755	1	211	211	NUM
cblr-2946	756	1	i	i	PRON
cblr-2946	756	2	d.	d.	PROPN
cblr-2946	756	3	at	at	ADP
cblr-2946	756	4	17	17	NUM
cblr-2946	756	5	-	-	SYM
cblr-2946	756	6	18	18	NUM
cblr-2946	756	7	(	(	PUNCT
cblr-2946	756	8	"	"	PUNCT
cblr-2946	756	9	the	the	DET
cblr-2946	756	10	explanation	explanation	NOUN
cblr-2946	756	11	for	for	ADP
cblr-2946	756	12	how	how	SCONJ
cblr-2946	756	13	markets	market	NOUN
cblr-2946	756	14	can	can	AUX
cblr-2946	756	15	assimilate	assimilate	VERB
cblr-2946	756	16	new	new	ADJ
cblr-2946	756	17	information	information	NOUN
cblr-2946	756	18	so	so	ADV
cblr-2946	756	19	rapidly	rapidly	ADV
cblr-2946	756	20	stems	stem	VERB
cblr-2946	756	21	from	from	ADP
cblr-2946	756	22	the	the	DET
cblr-2946	756	23	existence	existence	NOUN
cblr-2946	756	24	of	of	ADP
cblr-2946	756	25	a	a	DET
cblr-2946	756	26	large	large	ADJ
cblr-2946	756	27	number	number	NOUN
cblr-2946	756	28	of	of	ADP
cblr-2946	756	29	sophisticated	sophisticated	ADJ
cblr-2946	756	30	market	market	NOUN
cblr-2946	756	31	investors	investor	NOUN
cblr-2946	756	32	who	who	PRON
cblr-2946	756	33	trade	trade	VERB
cblr-2946	756	34	for	for	ADP
cblr-2946	756	35	their	their	PRON
cblr-2946	756	36	own	own	ADJ
cblr-2946	756	37	account	account	NOUN
cblr-2946	756	38	or	or	CCONJ
cblr-2946	756	39	for	for	ADP
cblr-2946	756	40	investors	investor	NOUN
cblr-2946	756	41	they	they	PRON
cblr-2946	756	42	represent	represent	VERB
cblr-2946	756	43	.	.	PUNCT
cblr-2946	757	1	these	these	DET
cblr-2946	757	2	professionals	professional	NOUN
cblr-2946	757	3	track	track	VERB
cblr-2946	757	4	all	all	DET
cblr-2946	757	5	sources	source	NOUN
cblr-2946	757	6	of	of	ADP
cblr-2946	757	7	information	information	NOUN
cblr-2946	757	8	affecting	affect	VERB
cblr-2946	757	9	the	the	DET
cblr-2946	757	10	value	value	NOUN
cblr-2946	757	11	of	of	ADP
cblr-2946	757	12	stock	stock	NOUN
cblr-2946	757	13	and	and	CCONJ
cblr-2946	757	14	act	act	VERB
cblr-2946	757	15	instantaneously	instantaneously	ADV
cblr-2946	757	16	to	to	PART
cblr-2946	757	17	capture	capture	VERB
cblr-2946	757	18	the	the	DET
cblr-2946	757	19	'	'	PUNCT
cblr-2946	757	20	profit	profit	NOUN
cblr-2946	757	21	'	'	PUNCT
cblr-2946	757	22	available	available	ADJ
cblr-2946	757	23	by	by	ADP
cblr-2946	757	24	buying	buy	VERB
cblr-2946	757	25	stock	stock	NOUN
cblr-2946	757	26	at	at	ADP
cblr-2946	757	27	the	the	DET
cblr-2946	757	28	'	'	PUNCT
cblr-2946	757	29	old	old	ADJ
cblr-2946	757	30	'	'	PUNCT
cblr-2946	757	31	fair	fair	ADJ
cblr-2946	757	32	price	price	NOUN
cblr-2946	757	33	.	.	PUNCT
cblr-2946	757	34	"	"	PUNCT
cblr-2946	758	1	(	(	PUNCT
cblr-2946	758	2	citing	cite	VERB
cblr-2946	758	3	o'kelley	o'kelley	PROPN
cblr-2946	758	4	&	&	CCONJ
cblr-2946	758	5	thompson	thompson	PROPN
cblr-2946	758	6	,	,	PUNCT
cblr-2946	758	7	supra	supra	PROPN
cblr-2946	758	8	note	note	NOUN
cblr-2946	758	9	214	214	NUM
cblr-2946	758	10	,	,	PUNCT
cblr-2946	758	11	at	at	ADP
cblr-2946	758	12	171	171	NUM
cblr-2946	758	13	)	)	PUNCT
cblr-2946	758	14	(	(	PUNCT
cblr-2946	758	15	emphasis	emphasis	NOUN
cblr-2946	758	16	added	add	VERB
cblr-2946	758	17	)	)	PUNCT
cblr-2946	758	18	)	)	PUNCT
cblr-2946	758	19	.	.	PUNCT
cblr-2946	759	1	[	[	X
cblr-2946	759	2	vol	vol	NOUN
cblr-2946	759	3	.	.	PUNCT
cblr-2946	759	4	2009	2009	NUM
cblr-2946	759	5	no	no	NOUN
cblr-2946	759	6	.	.	PUNCT
cblr-2946	760	1	2:605	2:605	NUM
cblr-2946	760	2	]	]	X
cblr-2946	760	3	credit	credit	NOUN
cblr-2946	760	4	rating	rating	NOUN
cblr-2946	760	5	agencies	agency	NOUN
cblr-2946	760	6	and	and	CCONJ
cblr-2946	760	7	the	the	DET
cblr-2946	760	8	credit	credit	NOUN
cblr-2946	760	9	crisis	crisis	NOUN
cblr-2946	760	10	653	653	NUM
cblr-2946	760	11	necessary	necessary	ADJ
cblr-2946	760	12	for	for	SCONJ
cblr-2946	760	13	all	all	DET
cblr-2946	760	14	investors	investor	NOUN
cblr-2946	760	15	to	to	PART
cblr-2946	760	16	understand	understand	VERB
cblr-2946	760	17	every	every	DET
cblr-2946	760	18	disclosure	disclosure	NOUN
cblr-2946	760	19	so	so	ADV
cblr-2946	760	20	long	long	ADV
cblr-2946	760	21	as	as	ADP
cblr-2946	760	22	a	a	DET
cblr-2946	760	23	sufficient	sufficient	ADJ
cblr-2946	760	24	number	number	NOUN
cblr-2946	760	25	do.216	do.216	AUX
cblr-2946	760	26	drawing	draw	VERB
cblr-2946	760	27	a	a	DET
cblr-2946	760	28	parallel	parallel	NOUN
cblr-2946	760	29	to	to	ADP
cblr-2946	760	30	the	the	DET
cblr-2946	760	31	regulatory	regulatory	ADJ
cblr-2946	760	32	regime	regime	NOUN
cblr-2946	760	33	in	in	ADP
cblr-2946	760	34	place	place	NOUN
cblr-2946	760	35	for	for	ADP
cblr-2946	760	36	nrsros	nrsro	NOUN
cblr-2946	760	37	,	,	PUNCT
cblr-2946	760	38	the	the	DET
cblr-2946	760	39	sec	sec	PROPN
cblr-2946	760	40	appears	appear	VERB
cblr-2946	760	41	to	to	PART
cblr-2946	760	42	believe	believe	VERB
cblr-2946	760	43	that	that	SCONJ
cblr-2946	760	44	if	if	SCONJ
cblr-2946	760	45	an	an	DET
cblr-2946	760	46	nrsro	nrsro	NOUN
cblr-2946	760	47	fully	fully	ADV
cblr-2946	760	48	and	and	CCONJ
cblr-2946	760	49	fairly	fairly	ADV
cblr-2946	760	50	discloses	disclose	VERB
cblr-2946	760	51	a	a	DET
cblr-2946	760	52	particular	particular	ADJ
cblr-2946	760	53	conflict	conflict	NOUN
cblr-2946	760	54	of	of	ADP
cblr-2946	760	55	interest	interest	NOUN
cblr-2946	760	56	,	,	PUNCT
cblr-2946	760	57	its	its	PRON
cblr-2946	760	58	procedures	procedure	NOUN
cblr-2946	760	59	for	for	ADP
cblr-2946	760	60	managing	manage	VERB
cblr-2946	760	61	those	those	DET
cblr-2946	760	62	conflicts	conflict	NOUN
cblr-2946	760	63	,	,	PUNCT
cblr-2946	760	64	and	and	CCONJ
cblr-2946	760	65	its	its	PRON
cblr-2946	760	66	ratings	rating	NOUN
cblr-2946	760	67	methodologies	methodology	NOUN
cblr-2946	760	68	,	,	PUNCT
cblr-2946	760	69	an	an	DET
cblr-2946	760	70	investor	investor	NOUN
cblr-2946	760	71	should	should	AUX
cblr-2946	760	72	be	be	AUX
cblr-2946	760	73	able	able	ADJ
cblr-2946	760	74	to	to	PART
cblr-2946	760	75	adequately	adequately	ADV
cblr-2946	760	76	evaluate	evaluate	VERB
cblr-2946	760	77	the	the	DET
cblr-2946	760	78	risk	risk	NOUN
cblr-2946	760	79	that	that	SCONJ
cblr-2946	760	80	a	a	DET
cblr-2946	760	81	given	give	VERB
cblr-2946	760	82	rating	rating	NOUN
cblr-2946	760	83	is	be	AUX
cblr-2946	760	84	compromised	compromise	VERB
cblr-2946	760	85	by	by	ADP
cblr-2946	760	86	the	the	DET
cblr-2946	760	87	disclosed	disclose	VERB
cblr-2946	760	88	conflict	conflict	NOUN
cblr-2946	760	89	.	.	PUNCT
cblr-2946	761	1	armed	arm	VERB
cblr-2946	761	2	with	with	ADP
cblr-2946	761	3	this	this	DET
cblr-2946	761	4	information	information	NOUN
cblr-2946	761	5	,	,	PUNCT
cblr-2946	761	6	the	the	DET
cblr-2946	761	7	investor	investor	NOUN
cblr-2946	761	8	will	will	AUX
cblr-2946	761	9	discount	discount	VERB
cblr-2946	761	10	the	the	DET
cblr-2946	761	11	value	value	NOUN
cblr-2946	761	12	she	she	PRON
cblr-2946	761	13	places	place	VERB
cblr-2946	761	14	on	on	ADP
cblr-2946	761	15	the	the	DET
cblr-2946	761	16	nrsro	nrsro	NOUN
cblr-2946	761	17	's	's	PART
cblr-2946	761	18	rating	rating	NOUN
cblr-2946	761	19	by	by	ADP
cblr-2946	761	20	the	the	DET
cblr-2946	761	21	risk	risk	NOUN
cblr-2946	761	22	the	the	DET
cblr-2946	761	23	conflict	conflict	NOUN
cblr-2946	761	24	presents	present	NOUN
cblr-2946	761	25	.	.	PUNCT
cblr-2946	762	1	for	for	SCONJ
cblr-2946	762	2	investors	investor	NOUN
cblr-2946	762	3	to	to	PART
cblr-2946	762	4	make	make	VERB
cblr-2946	762	5	this	this	DET
cblr-2946	762	6	calculation	calculation	NOUN
cblr-2946	762	7	,	,	PUNCT
cblr-2946	762	8	the	the	DET
cblr-2946	762	9	goal	goal	NOUN
cblr-2946	762	10	must	must	AUX
cblr-2946	762	11	be	be	AUX
cblr-2946	762	12	complete	complete	ADJ
cblr-2946	762	13	transparency	transparency	NOUN
cblr-2946	762	14	;	;	PUNCT
cblr-2946	762	15	as	as	SCONJ
cblr-2946	762	16	chairman	chairman	PROPN
cblr-2946	762	17	cox	cox	PROPN
cblr-2946	762	18	said	say	VERB
cblr-2946	762	19	,	,	PUNCT
cblr-2946	762	20	"	"	PUNCT
cblr-2946	762	21	[	[	X
cblr-2946	762	22	w]e	w]e	NOUN
cblr-2946	762	23	want	want	VERB
cblr-2946	762	24	investors	investor	NOUN
cblr-2946	762	25	to	to	PART
cblr-2946	762	26	understand	understand	VERB
cblr-2946	762	27	what	what	PRON
cblr-2946	762	28	they	they	PRON
cblr-2946	762	29	're	be	AUX
cblr-2946	762	30	looking	look	VERB
cblr-2946	762	31	at	at	ADP
cblr-2946	762	32	.	.	PUNCT
cblr-2946	763	1	"217	"217	PROPN
cblr-2946	763	2	c.	c.	PROPN
cblr-2946	764	1	why	why	SCONJ
cblr-2946	764	2	disclosure	disclosure	NOUN
cblr-2946	764	3	is	be	AUX
cblr-2946	764	4	insufficient	insufficient	ADJ
cblr-2946	764	5	for	for	ADP
cblr-2946	764	6	deterring	deter	VERB
cblr-2946	764	7	cras	cra	NOUN
cblr-2946	764	8	from	from	ADP
cblr-2946	764	9	compromising	compromise	VERB
cblr-2946	764	10	ratings	rating	NOUN
cblr-2946	764	11	while	while	SCONJ
cblr-2946	764	12	policymakers	policymaker	NOUN
cblr-2946	764	13	hope	hope	VERB
cblr-2946	764	14	that	that	SCONJ
cblr-2946	764	15	a	a	DET
cblr-2946	764	16	disclosure	disclosure	NOUN
cblr-2946	764	17	-	-	PUNCT
cblr-2946	764	18	based	base	VERB
cblr-2946	764	19	regulatory	regulatory	ADJ
cblr-2946	764	20	regime	regime	NOUN
cblr-2946	764	21	will	will	AUX
cblr-2946	764	22	increase	increase	VERB
cblr-2946	764	23	accountability	accountability	NOUN
cblr-2946	764	24	and	and	CCONJ
cblr-2946	764	25	incentivize	incentivize	VERB
cblr-2946	764	26	cras	cras	PROPN
cblr-2946	764	27	to	to	PART
cblr-2946	764	28	modify	modify	VERB
cblr-2946	764	29	undesirable	undesirable	ADJ
cblr-2946	764	30	behavior	behavior	NOUN
cblr-2946	764	31	,	,	PUNCT
cblr-2946	764	32	the	the	DET
cblr-2946	764	33	emphasis	emphasis	NOUN
cblr-2946	764	34	on	on	ADP
cblr-2946	764	35	disclosure	disclosure	NOUN
cblr-2946	764	36	places	place	VERB
cblr-2946	764	37	the	the	DET
cblr-2946	764	38	onus	onus	NOUN
cblr-2946	764	39	on	on	ADP
cblr-2946	764	40	investors	investor	NOUN
cblr-2946	764	41	to	to	PART
cblr-2946	764	42	hold	hold	VERB
cblr-2946	764	43	cras	cras	PROPN
cblr-2946	764	44	accountable.218	accountable.218	PROPN
cblr-2946	764	45	even	even	ADV
cblr-2946	764	46	if	if	SCONJ
cblr-2946	764	47	cras	cras	X
cblr-2946	764	48	are	be	AUX
cblr-2946	764	49	fully	fully	ADV
cblr-2946	764	50	and	and	CCONJ
cblr-2946	764	51	fairly	fairly	ADV
cblr-2946	764	52	making	make	VERB
cblr-2946	764	53	mandatory	mandatory	ADJ
cblr-2946	764	54	disclosures	disclosure	NOUN
cblr-2946	764	55	on	on	ADP
cblr-2946	764	56	the	the	DET
cblr-2946	764	57	issuer	issuer	NOUN
cblr-2946	764	58	pays	pay	VERB
cblr-2946	764	59	conflict	conflict	NOUN
cblr-2946	764	60	,	,	PUNCT
cblr-2946	764	61	investors	investor	NOUN
cblr-2946	764	62	must	must	AUX
cblr-2946	764	63	adequately	adequately	ADV
cblr-2946	764	64	perceive	perceive	VERB
cblr-2946	764	65	and	and	CCONJ
cblr-2946	764	66	evaluate	evaluate	VERB
cblr-2946	764	67	that	that	DET
cblr-2946	764	68	information	information	NOUN
cblr-2946	764	69	and	and	CCONJ
cblr-2946	764	70	must	must	AUX
cblr-2946	764	71	penalize	penalize	VERB
cblr-2946	764	72	cras	cras	PROPN
cblr-2946	764	73	via	via	ADP
cblr-2946	764	74	the	the	DET
cblr-2946	764	75	market	market	NOUN
cblr-2946	764	76	mechanism	mechanism	NOUN
cblr-2946	764	77	if	if	SCONJ
cblr-2946	764	78	disclosure	disclosure	NOUN
cblr-2946	764	79	is	be	AUX
cblr-2946	764	80	to	to	PART
cblr-2946	764	81	adequately	adequately	ADV
cblr-2946	764	82	deter	deter	VERB
cblr-2946	764	83	the	the	DET
cblr-2946	764	84	agencies	agency	NOUN
cblr-2946	764	85	from	from	ADP
cblr-2946	764	86	reaping	reap	VERB
cblr-2946	764	87	the	the	DET
cblr-2946	764	88	gains	gain	NOUN
cblr-2946	764	89	of	of	ADP
cblr-2946	764	90	compromised	compromise	VERB
cblr-2946	764	91	ratings	rating	NOUN
cblr-2946	764	92	.	.	PUNCT
cblr-2946	765	1	this	this	DET
cblr-2946	765	2	section	section	NOUN
cblr-2946	765	3	explores	explore	VERB
cblr-2946	765	4	some	some	DET
cblr-2946	765	5	possible	possible	ADJ
cblr-2946	765	6	reasons	reason	NOUN
cblr-2946	765	7	why	why	SCONJ
cblr-2946	765	8	investors	investor	NOUN
cblr-2946	765	9	may	may	AUX
cblr-2946	765	10	not	not	PART
cblr-2946	765	11	adequately	adequately	ADV
cblr-2946	765	12	perceive	perceive	VERB
cblr-2946	765	13	and	and	CCONJ
cblr-2946	765	14	evaluate	evaluate	VERB
cblr-2946	765	15	the	the	DET
cblr-2946	765	16	risks	risk	NOUN
cblr-2946	765	17	posed	pose	VERB
cblr-2946	765	18	by	by	ADP
cblr-2946	765	19	the	the	DET
cblr-2946	765	20	issuer	issuer	NOUN
cblr-2946	765	21	pays	pay	VERB
cblr-2946	765	22	conflict	conflict	NOUN
cblr-2946	765	23	in	in	ADP
cblr-2946	765	24	rating	rate	VERB
cblr-2946	765	25	structured	structure	VERB
cblr-2946	765	26	finance	finance	NOUN
cblr-2946	765	27	products	product	NOUN
cblr-2946	765	28	and	and	CCONJ
cblr-2946	765	29	why	why	SCONJ
cblr-2946	765	30	they	they	PRON
cblr-2946	765	31	may	may	AUX
cblr-2946	765	32	not	not	PART
cblr-2946	765	33	convey	convey	VERB
cblr-2946	765	34	,	,	PUNCT
cblr-2946	765	35	through	through	ADP
cblr-2946	765	36	the	the	DET
cblr-2946	765	37	market	market	NOUN
cblr-2946	765	38	mechanism	mechanism	NOUN
cblr-2946	765	39	,	,	PUNCT
cblr-2946	765	40	costs	cost	NOUN
cblr-2946	765	41	on	on	ADP
cblr-2946	765	42	cras	cra	NOUN
cblr-2946	765	43	for	for	ADP
cblr-2946	765	44	compromising	compromise	VERB
cblr-2946	765	45	their	their	PRON
cblr-2946	765	46	ratings	rating	NOUN
cblr-2946	765	47	.	.	PUNCT
cblr-2946	766	1	216	216	NUM
cblr-2946	767	1	i	i	PRON
cblr-2946	767	2	d.	d.	PROPN
cblr-2946	767	3	217	217	NUM
cblr-2946	767	4	scannell	scannell	PROPN
cblr-2946	767	5	&	&	CCONJ
cblr-2946	767	6	lucchetti	lucchetti	PROPN
cblr-2946	767	7	,	,	PUNCT
cblr-2946	767	8	supra	supra	PROPN
cblr-2946	767	9	note	note	NOUN
cblr-2946	767	10	192	192	NUM
cblr-2946	767	11	.	.	PUNCT
cblr-2946	768	1	211	211	NUM
cblr-2946	768	2	i	i	PRON
cblr-2946	768	3	d.	d.	PROPN
cblr-2946	768	4	(	(	PUNCT
cblr-2946	768	5	"	"	PUNCT
cblr-2946	768	6	the	the	DET
cblr-2946	768	7	bulk	bulk	NOUN
cblr-2946	768	8	of	of	ADP
cblr-2946	768	9	the	the	DET
cblr-2946	768	10	agency	agency	NOUN
cblr-2946	768	11	's	's	PART
cblr-2946	768	12	proposals	proposal	NOUN
cblr-2946	768	13	will	will	AUX
cblr-2946	768	14	focus	focus	VERB
cblr-2946	768	15	on	on	ADP
cblr-2946	768	16	disclosure	disclosure	NOUN
cblr-2946	768	17	aimed	aim	VERB
cblr-2946	768	18	at	at	ADP
cblr-2946	768	19	holding	hold	VERB
cblr-2946	768	20	the	the	DET
cblr-2946	768	21	bond	bond	NOUN
cblr-2946	768	22	-	-	PUNCT
cblr-2946	768	23	rating	rate	VERB
cblr-2946	768	24	firms	firm	NOUN
cblr-2946	768	25	more	more	ADV
cblr-2946	768	26	accountable	accountable	ADJ
cblr-2946	768	27	and	and	CCONJ
cblr-2946	768	28	encouraging	encourage	VERB
cblr-2946	768	29	them	they	PRON
cblr-2946	768	30	to	to	PART
cblr-2946	768	31	change	change	VERB
cblr-2946	768	32	their	their	PRON
cblr-2946	768	33	behavior	behavior	NOUN
cblr-2946	768	34	.	.	PUNCT
cblr-2946	769	1	"	"	PUNCT
cblr-2946	769	2	)	)	PUNCT
cblr-2946	769	3	.	.	PUNCT
cblr-2946	770	1	columbia	columbia	PROPN
cblr-2946	770	2	business	business	PROPN
cblr-2946	770	3	law	law	PROPN
cblr-2946	770	4	review	review	NOUN
cblr-2946	770	5	1	1	NUM
cblr-2946	770	6	.	.	PUNCT
cblr-2946	770	7	failure	failure	NOUN
cblr-2946	770	8	to	to	AUX
cblr-2946	770	9	perceive	perceive	VERB
cblr-2946	770	10	or	or	CCONJ
cblr-2946	770	11	anticipate	anticipate	VERB
cblr-2946	770	12	relevant	relevant	ADJ
cblr-2946	770	13	differences	difference	NOUN
cblr-2946	770	14	between	between	ADP
cblr-2946	770	15	structured	structured	ADJ
cblr-2946	770	16	finance	finance	NOUN
cblr-2946	770	17	and	and	CCONJ
cblr-2946	770	18	traditional	traditional	ADJ
cblr-2946	770	19	products	product	NOUN
cblr-2946	770	20	investors	investor	NOUN
cblr-2946	770	21	may	may	AUX
cblr-2946	770	22	have	have	AUX
cblr-2946	770	23	failed	fail	VERB
cblr-2946	770	24	to	to	PART
cblr-2946	770	25	adequately	adequately	ADV
cblr-2946	770	26	discount	discount	VERB
cblr-2946	770	27	ratings	rating	NOUN
cblr-2946	770	28	on	on	ADP
cblr-2946	770	29	structured	structured	ADJ
cblr-2946	770	30	finance	finance	NOUN
cblr-2946	770	31	products	product	NOUN
cblr-2946	770	32	issued	issue	VERB
cblr-2946	770	33	by	by	ADP
cblr-2946	770	34	cras	cra	NOUN
cblr-2946	770	35	because	because	SCONJ
cblr-2946	770	36	they	they	PRON
cblr-2946	770	37	did	do	AUX
cblr-2946	770	38	not	not	PART
cblr-2946	770	39	fully	fully	ADV
cblr-2946	770	40	appreciate	appreciate	VERB
cblr-2946	770	41	some	some	PRON
cblr-2946	770	42	of	of	ADP
cblr-2946	770	43	the	the	DET
cblr-2946	770	44	relevant	relevant	ADJ
cblr-2946	770	45	differences	difference	NOUN
cblr-2946	770	46	between	between	ADP
cblr-2946	770	47	ratings	rating	NOUN
cblr-2946	770	48	on	on	ADP
cblr-2946	770	49	these	these	DET
cblr-2946	770	50	products	product	NOUN
cblr-2946	770	51	as	as	ADP
cblr-2946	770	52	compared	compare	VERB
cblr-2946	770	53	to	to	ADP
cblr-2946	770	54	traditional	traditional	ADJ
cblr-2946	770	55	products	product	NOUN
cblr-2946	770	56	.	.	PUNCT
cblr-2946	771	1	for	for	ADP
cblr-2946	771	2	example	example	NOUN
cblr-2946	771	3	,	,	PUNCT
cblr-2946	771	4	even	even	ADV
cblr-2946	771	5	if	if	SCONJ
cblr-2946	771	6	cras	cras	PROPN
cblr-2946	771	7	fully	fully	ADV
cblr-2946	771	8	disclosed	disclose	VERB
cblr-2946	771	9	the	the	DET
cblr-2946	771	10	level	level	NOUN
cblr-2946	771	11	of	of	ADP
cblr-2946	771	12	interaction	interaction	NOUN
cblr-2946	771	13	that	that	PRON
cblr-2946	771	14	goes	go	VERB
cblr-2946	771	15	on	on	ADP
cblr-2946	771	16	between	between	ADP
cblr-2946	771	17	the	the	DET
cblr-2946	771	18	cra	cra	PROPN
cblr-2946	771	19	and	and	CCONJ
cblr-2946	771	20	an	an	DET
cblr-2946	771	21	arranger	arranger	NOUN
cblr-2946	771	22	when	when	SCONJ
cblr-2946	771	23	rating	rate	VERB
cblr-2946	771	24	a	a	DET
cblr-2946	771	25	structured	structured	ADJ
cblr-2946	771	26	product	product	NOUN
cblr-2946	771	27	,	,	PUNCT
cblr-2946	771	28	investors	investor	NOUN
cblr-2946	771	29	may	may	AUX
cblr-2946	771	30	not	not	PART
cblr-2946	771	31	have	have	AUX
cblr-2946	771	32	fully	fully	ADV
cblr-2946	771	33	appreciated	appreciate	VERB
cblr-2946	771	34	that	that	SCONJ
cblr-2946	771	35	this	this	DET
cblr-2946	771	36	practice	practice	NOUN
cblr-2946	771	37	could	could	AUX
cblr-2946	771	38	result	result	VERB
cblr-2946	771	39	in	in	ADP
cblr-2946	771	40	and	and	CCONJ
cblr-2946	771	41	allow	allow	VERB
cblr-2946	771	42	for	for	ADP
cblr-2946	771	43	ratings	rating	NOUN
cblr-2946	771	44	shopping	shop	VERB
cblr-2946	771	45	by	by	ADP
cblr-2946	771	46	arrangers.219	arrangers.219	NOUN
cblr-2946	771	47	some	some	DET
cblr-2946	771	48	commentators	commentator	NOUN
cblr-2946	771	49	have	have	AUX
cblr-2946	771	50	noted	note	VERB
cblr-2946	771	51	that	that	SCONJ
cblr-2946	771	52	an	an	DET
cblr-2946	771	53	interactive	interactive	ADJ
cblr-2946	771	54	process	process	NOUN
cblr-2946	771	55	is	be	AUX
cblr-2946	771	56	not	not	PART
cblr-2946	771	57	necessarily	necessarily	ADV
cblr-2946	771	58	inherently	inherently	ADV
cblr-2946	771	59	problematic.22	problematic.22	VERB
cblr-2946	771	60	°	°	NOUN
cblr-2946	771	61	in	in	ADP
cblr-2946	771	62	addition	addition	NOUN
cblr-2946	771	63	,	,	PUNCT
cblr-2946	771	64	arrangers	arranger	NOUN
cblr-2946	771	65	can	can	AUX
cblr-2946	771	66	move	move	VERB
cblr-2946	771	67	business	business	NOUN
cblr-2946	771	68	from	from	ADP
cblr-2946	771	69	one	one	NUM
cblr-2946	771	70	rating	rating	NOUN
cblr-2946	771	71	agency	agency	NOUN
cblr-2946	771	72	to	to	ADP
cblr-2946	771	73	another	another	PRON
cblr-2946	771	74	without	without	ADP
cblr-2946	771	75	attracting	attract	VERB
cblr-2946	771	76	much	much	ADJ
cblr-2946	771	77	,	,	PUNCT
cblr-2946	771	78	if	if	SCONJ
cblr-2946	771	79	any	any	PRON
cblr-2946	771	80	,	,	PUNCT
cblr-2946	771	81	attention.221	attention.221	NOUN
cblr-2946	771	82	since	since	SCONJ
cblr-2946	771	83	the	the	DET
cblr-2946	771	84	practice	practice	NOUN
cblr-2946	771	85	may	may	AUX
cblr-2946	771	86	appear	appear	VERB
cblr-2946	771	87	innocuous	innocuous	ADJ
cblr-2946	771	88	and	and	CCONJ
cblr-2946	771	89	the	the	DET
cblr-2946	771	90	detrimental	detrimental	ADJ
cblr-2946	771	91	result	result	NOUN
cblr-2946	771	92	of	of	ADP
cblr-2946	771	93	ratings	rating	NOUN
cblr-2946	771	94	shopping	shopping	NOUN
cblr-2946	771	95	may	may	AUX
cblr-2946	771	96	not	not	PART
cblr-2946	771	97	be	be	AUX
cblr-2946	771	98	visible	visible	ADJ
cblr-2946	771	99	to	to	ADP
cblr-2946	771	100	investors	investor	NOUN
cblr-2946	771	101	,	,	PUNCT
cblr-2946	771	102	full	full	ADJ
cblr-2946	771	103	disclosure	disclosure	NOUN
cblr-2946	771	104	of	of	ADP
cblr-2946	771	105	the	the	DET
cblr-2946	771	106	ratings	rating	NOUN
cblr-2946	771	107	process	process	NOUN
cblr-2946	771	108	itself	itself	PRON
cblr-2946	771	109	may	may	AUX
cblr-2946	771	110	not	not	PART
cblr-2946	771	111	alert	alert	VERB
cblr-2946	771	112	them	they	PRON
cblr-2946	771	113	to	to	ADP
cblr-2946	771	114	the	the	DET
cblr-2946	771	115	risk	risk	NOUN
cblr-2946	771	116	that	that	SCONJ
cblr-2946	771	117	the	the	DET
cblr-2946	771	118	process	process	NOUN
cblr-2946	771	119	can	can	AUX
cblr-2946	771	120	exacerbate	exacerbate	VERB
cblr-2946	771	121	the	the	DET
cblr-2946	771	122	issuer	issuer	NOUN
cblr-2946	771	123	pays	pay	VERB
cblr-2946	771	124	conflict	conflict	NOUN
cblr-2946	771	125	.	.	PUNCT
cblr-2946	772	1	the	the	DET
cblr-2946	772	2	failure	failure	NOUN
cblr-2946	772	3	to	to	PART
cblr-2946	772	4	perceive	perceive	VERB
cblr-2946	772	5	these	these	DET
cblr-2946	772	6	differences	difference	NOUN
cblr-2946	772	7	between	between	ADP
cblr-2946	772	8	rating	rating	NOUN
cblr-2946	772	9	structured	structure	VERB
cblr-2946	772	10	products	product	NOUN
cblr-2946	772	11	and	and	CCONJ
cblr-2946	772	12	traditional	traditional	ADJ
cblr-2946	772	13	products	product	NOUN
cblr-2946	772	14	may	may	AUX
cblr-2946	772	15	have	have	AUX
cblr-2946	772	16	been	be	AUX
cblr-2946	772	17	exacerbated	exacerbate	VERB
cblr-2946	772	18	by	by	ADP
cblr-2946	772	19	the	the	DET
cblr-2946	772	20	cras	cras	PROPN
cblr-2946	772	21	'	'	PART
cblr-2946	772	22	claims	claim	NOUN
cblr-2946	772	23	that	that	SCONJ
cblr-2946	772	24	structured	structure	VERB
cblr-2946	772	25	and	and	CCONJ
cblr-2946	772	26	corporate	corporate	ADJ
cblr-2946	772	27	securities	security	NOUN
cblr-2946	772	28	are	be	AUX
cblr-2946	772	29	essentially	essentially	ADV
cblr-2946	772	30	rated	rate	VERB
cblr-2946	772	31	on	on	ADP
cblr-2946	772	32	the	the	DET
cblr-2946	772	33	same	same	ADJ
cblr-2946	772	34	scale	scale	NOUN
cblr-2946	772	35	.	.	PUNCT
cblr-2946	773	1	2	2	NUM
cblr-2946	773	2	if	if	SCONJ
cblr-2946	773	3	investors	investor	NOUN
cblr-2946	773	4	can	can	AUX
cblr-2946	773	5	not	not	PART
cblr-2946	773	6	adequately	adequately	ADV
cblr-2946	773	7	perceive	perceive	VERB
cblr-2946	773	8	differences	difference	NOUN
cblr-2946	773	9	in	in	ADP
cblr-2946	773	10	the	the	DET
cblr-2946	773	11	ratings	rating	NOUN
cblr-2946	773	12	processes	process	NOUN
cblr-2946	773	13	that	that	PRON
cblr-2946	773	14	exacerbate	exacerbate	VERB
cblr-2946	773	15	the	the	DET
cblr-2946	773	16	issuer	issuer	NOUN
cblr-2946	773	17	pays	pay	VERB
cblr-2946	773	18	conflict	conflict	NOUN
cblr-2946	773	19	,	,	PUNCT
cblr-2946	773	20	they	they	PRON
cblr-2946	773	21	may	may	AUX
cblr-2946	773	22	not	not	PART
cblr-2946	773	23	adequately	adequately	ADV
cblr-2946	773	24	appreciate	appreciate	VERB
cblr-2946	773	25	the	the	DET
cblr-2946	773	26	amount	amount	NOUN
cblr-2946	773	27	of	of	ADP
cblr-2946	773	28	219	219	NUM
cblr-2946	773	29	see	see	NOUN
cblr-2946	773	30	infra	infra	NOUN
cblr-2946	773	31	part	part	NOUN
cblr-2946	773	32	iii.c.3	iii.c.3	NOUN
cblr-2946	773	33	;	;	PUNCT
cblr-2946	773	34	lucchetti	lucchetti	PROPN
cblr-2946	773	35	,	,	PUNCT
cblr-2946	773	36	supra	supra	PROPN
cblr-2946	773	37	note	note	VERB
cblr-2946	773	38	148	148	NUM
cblr-2946	773	39	(	(	PUNCT
cblr-2946	773	40	"	"	PUNCT
cblr-2946	773	41	issuers	issuer	NOUN
cblr-2946	773	42	often	often	ADV
cblr-2946	773	43	work	work	VERB
cblr-2946	773	44	with	with	ADP
cblr-2946	773	45	the	the	DET
cblr-2946	773	46	rating	rating	NOUN
cblr-2946	773	47	firms	firm	NOUN
cblr-2946	773	48	to	to	PART
cblr-2946	773	49	restructure	restructure	VERB
cblr-2946	773	50	the	the	DET
cblr-2946	773	51	securities	security	NOUN
cblr-2946	773	52	that	that	PRON
cblr-2946	773	53	are	be	AUX
cblr-2946	773	54	deemed	deem	VERB
cblr-2946	773	55	high	high	ADJ
cblr-2946	773	56	-	-	PUNCT
cblr-2946	773	57	risk	risk	NOUN
cblr-2946	773	58	,	,	PUNCT
cblr-2946	773	59	or	or	CCONJ
cblr-2946	773	60	even	even	ADV
cblr-2946	773	61	attempt	attempt	VERB
cblr-2946	773	62	to	to	PART
cblr-2946	773	63	get	get	VERB
cblr-2946	773	64	another	another	DET
cblr-2946	773	65	firm	firm	NOUN
cblr-2946	773	66	to	to	PART
cblr-2946	773	67	rate	rate	VERB
cblr-2946	773	68	the	the	DET
cblr-2946	773	69	bonds	bond	NOUN
cblr-2946	773	70	.	.	PUNCT
cblr-2946	774	1	"	"	PUNCT
cblr-2946	774	2	)	)	PUNCT
cblr-2946	774	3	.	.	PUNCT
cblr-2946	775	1	220	220	NUM
cblr-2946	775	2	see	see	VERB
cblr-2946	775	3	hunt	hunt	NOUN
cblr-2946	775	4	,	,	PUNCT
cblr-2946	775	5	supra	supra	PROPN
cblr-2946	775	6	note	note	NOUN
cblr-2946	775	7	3	3	NUM
cblr-2946	775	8	,	,	PUNCT
cblr-2946	775	9	at	at	ADP
cblr-2946	775	10	140	140	NUM
cblr-2946	775	11	n.100	n.100	NOUN
cblr-2946	775	12	(	(	PUNCT
cblr-2946	775	13	"	"	PUNCT
cblr-2946	775	14	in	in	ADP
cblr-2946	775	15	principle	principle	NOUN
cblr-2946	775	16	,	,	PUNCT
cblr-2946	775	17	arrangers	arranger	NOUN
cblr-2946	775	18	ought	ought	AUX
cblr-2946	775	19	to	to	PART
cblr-2946	775	20	be	be	AUX
cblr-2946	775	21	able	able	ADJ
cblr-2946	775	22	to	to	PART
cblr-2946	775	23	understand	understand	VERB
cblr-2946	775	24	the	the	DET
cblr-2946	775	25	methodologies	methodology	NOUN
cblr-2946	775	26	in	in	ADP
cblr-2946	775	27	determining	determine	VERB
cblr-2946	775	28	how	how	SCONJ
cblr-2946	775	29	to	to	PART
cblr-2946	775	30	structure	structure	VERB
cblr-2946	775	31	their	their	PRON
cblr-2946	775	32	offerings	offering	NOUN
cblr-2946	775	33	.	.	PUNCT
cblr-2946	776	1	concerns	concern	NOUN
cblr-2946	776	2	about	about	ADP
cblr-2946	776	3	the	the	DET
cblr-2946	776	4	fact	fact	NOUN
cblr-2946	776	5	that	that	SCONJ
cblr-2946	776	6	agencies	agency	NOUN
cblr-2946	776	7	and	and	CCONJ
cblr-2946	776	8	originators	originator	NOUN
cblr-2946	776	9	engage	engage	VERB
cblr-2946	776	10	in	in	ADP
cblr-2946	776	11	a	a	DET
cblr-2946	776	12	dialogue	dialogue	NOUN
cblr-2946	776	13	that	that	PRON
cblr-2946	776	14	allows	allow	VERB
cblr-2946	776	15	the	the	DET
cblr-2946	776	16	originator	originator	NOUN
cblr-2946	776	17	to	to	PART
cblr-2946	776	18	optimize	optimize	VERB
cblr-2946	776	19	the	the	DET
cblr-2946	776	20	offering	offering	NOUN
cblr-2946	776	21	with	with	ADP
cblr-2946	776	22	knowledge	knowledge	NOUN
cblr-2946	776	23	of	of	ADP
cblr-2946	776	24	the	the	DET
cblr-2946	776	25	rating	rating	NOUN
cblr-2946	776	26	outcomes	outcome	NOUN
cblr-2946	776	27	of	of	ADP
cblr-2946	776	28	various	various	ADJ
cblr-2946	776	29	structures	structure	NOUN
cblr-2946	776	30	...	...	PUNCT
cblr-2946	776	31	seem	seem	VERB
cblr-2946	776	32	misplaced	misplaced	ADJ
cblr-2946	776	33	unless	unless	SCONJ
cblr-2946	776	34	coupled	couple	VERB
cblr-2946	776	35	with	with	ADP
cblr-2946	776	36	some	some	DET
cblr-2946	776	37	specific	specific	ADJ
cblr-2946	776	38	argument	argument	NOUN
cblr-2946	776	39	that	that	SCONJ
cblr-2946	776	40	other	other	ADJ
cblr-2946	776	41	market	market	NOUN
cblr-2946	776	42	defects	defect	NOUN
cblr-2946	776	43	make	make	VERB
cblr-2946	776	44	the	the	DET
cblr-2946	776	45	practice	practice	NOUN
cblr-2946	776	46	undesirable	undesirable	ADJ
cblr-2946	776	47	.	.	PUNCT
cblr-2946	776	48	"	"	PUNCT
cblr-2946	776	49	)	)	PUNCT
cblr-2946	776	50	.	.	PUNCT
cblr-2946	777	1	221	221	NUM
cblr-2946	777	2	coffee	coffee	NOUN
cblr-2946	777	3	,	,	PUNCT
cblr-2946	777	4	mortgage	mortgage	NOUN
cblr-2946	777	5	meltdown	meltdown	NOUN
cblr-2946	777	6	,	,	PUNCT
cblr-2946	777	7	supra	supra	PROPN
cblr-2946	777	8	note	note	NOUN
cblr-2946	777	9	9	9	NUM
cblr-2946	777	10	.	.	NOUN
cblr-2946	777	11	222	222	NUM
cblr-2946	777	12	see	see	VERB
cblr-2946	777	13	supra	supra	PROPN
cblr-2946	777	14	part	part	NOUN
cblr-2946	777	15	ii.a	ii.a	PROPN
cblr-2946	777	16	.	.	PUNCT
cblr-2946	778	1	[	[	X
cblr-2946	778	2	vol	vol	NOUN
cblr-2946	778	3	.	.	PUNCT
cblr-2946	778	4	2009	2009	NUM
cblr-2946	778	5	no	no	NOUN
cblr-2946	778	6	.	.	PUNCT
cblr-2946	779	1	2:605	2:605	NUM
cblr-2946	779	2	]	]	X
cblr-2946	779	3	credit	credit	NOUN
cblr-2946	779	4	rating	rating	NOUN
cblr-2946	779	5	agencies	agency	NOUN
cblr-2946	779	6	and	and	CCONJ
cblr-2946	779	7	the	the	DET
cblr-2946	779	8	credit	credit	NOUN
cblr-2946	779	9	crisis	crisis	NOUN
cblr-2946	779	10	655	655	NUM
cblr-2946	779	11	risk	risk	NOUN
cblr-2946	779	12	resulting	result	VERB
cblr-2946	779	13	from	from	ADP
cblr-2946	779	14	the	the	DET
cblr-2946	779	15	conflict	conflict	NOUN
cblr-2946	779	16	that	that	PRON
cblr-2946	779	17	is	be	AUX
cblr-2946	779	18	inherent	inherent	ADJ
cblr-2946	779	19	in	in	ADP
cblr-2946	779	20	the	the	DET
cblr-2946	779	21	rating	rating	NOUN
cblr-2946	779	22	.	.	PUNCT
cblr-2946	780	1	to	to	ADP
cblr-2946	780	2	the	the	DET
cblr-2946	780	3	extent	extent	NOUN
cblr-2946	780	4	investors	investor	NOUN
cblr-2946	780	5	can	can	AUX
cblr-2946	780	6	use	use	VERB
cblr-2946	780	7	a	a	DET
cblr-2946	780	8	market	market	NOUN
cblr-2946	780	9	mechanism	mechanism	NOUN
cblr-2946	780	10	to	to	PART
cblr-2946	780	11	penalize	penalize	VERB
cblr-2946	780	12	cras	cra	NOUN
cblr-2946	780	13	,	,	PUNCT
cblr-2946	780	14	they	they	PRON
cblr-2946	780	15	will	will	AUX
cblr-2946	780	16	underutilize	underutilize	VERB
cblr-2946	780	17	it	it	PRON
cblr-2946	780	18	if	if	SCONJ
cblr-2946	780	19	they	they	PRON
cblr-2946	780	20	do	do	AUX
cblr-2946	780	21	not	not	PART
cblr-2946	780	22	perceive	perceive	VERB
cblr-2946	780	23	the	the	DET
cblr-2946	780	24	extent	extent	NOUN
cblr-2946	780	25	to	to	PART
cblr-2946	780	26	which	which	PRON
cblr-2946	780	27	ratings	rating	NOUN
cblr-2946	780	28	have	have	AUX
cblr-2946	780	29	been	be	AUX
cblr-2946	780	30	compromised	compromise	VERB
cblr-2946	780	31	.	.	PUNCT
cblr-2946	781	1	2	2	X
cblr-2946	781	2	.	.	X
cblr-2946	781	3	failure	failure	NOUN
cblr-2946	781	4	to	to	PART
cblr-2946	781	5	understand	understand	VERB
cblr-2946	781	6	the	the	DET
cblr-2946	781	7	rated	rate	VERB
cblr-2946	781	8	instruments	instrument	NOUN
cblr-2946	781	9	themselves	themselves	PRON
cblr-2946	781	10	for	for	ADP
cblr-2946	781	11	an	an	DET
cblr-2946	781	12	investor	investor	NOUN
cblr-2946	781	13	to	to	PART
cblr-2946	781	14	adequately	adequately	ADV
cblr-2946	781	15	discount	discount	VERB
cblr-2946	781	16	the	the	DET
cblr-2946	781	17	value	value	NOUN
cblr-2946	781	18	of	of	ADP
cblr-2946	781	19	a	a	DET
cblr-2946	781	20	rating	rating	NOUN
cblr-2946	781	21	based	base	VERB
cblr-2946	781	22	on	on	ADP
cblr-2946	781	23	risks	risk	NOUN
cblr-2946	781	24	posed	pose	VERB
cblr-2946	781	25	by	by	ADP
cblr-2946	781	26	conflicts	conflict	NOUN
cblr-2946	781	27	,	,	PUNCT
cblr-2946	781	28	investors	investor	NOUN
cblr-2946	781	29	must	must	AUX
cblr-2946	781	30	also	also	ADV
cblr-2946	781	31	make	make	VERB
cblr-2946	781	32	an	an	DET
cblr-2946	781	33	assessment	assessment	NOUN
cblr-2946	781	34	of	of	ADP
cblr-2946	781	35	the	the	DET
cblr-2946	781	36	rating	rating	NOUN
cblr-2946	781	37	's	's	PART
cblr-2946	781	38	informational	informational	ADJ
cblr-2946	781	39	value	value	NOUN
cblr-2946	781	40	before	before	ADP
cblr-2946	781	41	taking	take	VERB
cblr-2946	781	42	the	the	DET
cblr-2946	781	43	conflict	conflict	NOUN
cblr-2946	781	44	into	into	ADP
cblr-2946	781	45	account	account	NOUN
cblr-2946	781	46	.	.	PUNCT
cblr-2946	782	1	to	to	PART
cblr-2946	782	2	do	do	VERB
cblr-2946	782	3	this	this	PRON
cblr-2946	782	4	,	,	PUNCT
cblr-2946	782	5	an	an	DET
cblr-2946	782	6	investor	investor	NOUN
cblr-2946	782	7	must	must	AUX
cblr-2946	782	8	understand	understand	VERB
cblr-2946	782	9	the	the	DET
cblr-2946	782	10	transaction	transaction	NOUN
cblr-2946	782	11	that	that	PRON
cblr-2946	782	12	the	the	DET
cblr-2946	782	13	agency	agency	NOUN
cblr-2946	782	14	is	be	AUX
cblr-2946	782	15	rating	rate	VERB
cblr-2946	782	16	--	--	PUNCT
cblr-2946	782	17	even	even	ADV
cblr-2946	782	18	if	if	SCONJ
cblr-2946	782	19	the	the	DET
cblr-2946	782	20	cra	cra	PROPN
cblr-2946	782	21	discloses	disclose	VERB
cblr-2946	782	22	its	its	PRON
cblr-2946	782	23	ratings	rating	NOUN
cblr-2946	782	24	methodologies	methodology	NOUN
cblr-2946	782	25	and	and	CCONJ
cblr-2946	782	26	procedures	procedure	NOUN
cblr-2946	782	27	in	in	ADP
cblr-2946	782	28	painstaking	painstaking	ADJ
cblr-2946	782	29	detail	detail	NOUN
cblr-2946	782	30	,	,	PUNCT
cblr-2946	782	31	this	this	DET
cblr-2946	782	32	information	information	NOUN
cblr-2946	782	33	is	be	AUX
cblr-2946	782	34	meaningless	meaningless	ADJ
cblr-2946	782	35	to	to	ADP
cblr-2946	782	36	someone	someone	PRON
cblr-2946	782	37	who	who	PRON
cblr-2946	782	38	does	do	AUX
cblr-2946	782	39	not	not	PART
cblr-2946	782	40	understand	understand	VERB
cblr-2946	782	41	the	the	DET
cblr-2946	782	42	transaction	transaction	NOUN
cblr-2946	782	43	itself	itself	PRON
cblr-2946	782	44	.	.	PUNCT
cblr-2946	783	1	but	but	CCONJ
cblr-2946	783	2	structured	structure	VERB
cblr-2946	783	3	transactions	transaction	NOUN
cblr-2946	783	4	are	be	AUX
cblr-2946	783	5	far	far	ADV
cblr-2946	783	6	more	more	ADV
cblr-2946	783	7	complex	complex	ADJ
cblr-2946	783	8	than	than	ADP
cblr-2946	783	9	traditional	traditional	ADJ
cblr-2946	783	10	corporate	corporate	ADJ
cblr-2946	783	11	securities	security	NOUN
cblr-2946	783	12	,	,	PUNCT
cblr-2946	783	13	and	and	CCONJ
cblr-2946	783	14	structured	structure	VERB
cblr-2946	783	15	finance	finance	NOUN
cblr-2946	783	16	products	product	NOUN
cblr-2946	783	17	have	have	AUX
cblr-2946	783	18	become	become	VERB
cblr-2946	783	19	even	even	ADV
cblr-2946	783	20	more	more	ADV
cblr-2946	783	21	complex	complex	ADJ
cblr-2946	783	22	over	over	ADP
cblr-2946	783	23	time	time	NOUN
cblr-2946	783	24	.	.	PUNCT
cblr-2946	784	1	223	223	NUM
cblr-2946	785	1	therefore	therefore	ADV
cblr-2946	785	2	,	,	PUNCT
cblr-2946	785	3	perhaps	perhaps	ADV
cblr-2946	785	4	part	part	NOUN
cblr-2946	785	5	of	of	ADP
cblr-2946	785	6	the	the	DET
cblr-2946	785	7	problem	problem	NOUN
cblr-2946	785	8	lies	lie	VERB
cblr-2946	785	9	in	in	ADP
cblr-2946	785	10	investors	investor	NOUN
cblr-2946	785	11	'	'	PART
cblr-2946	785	12	ability	ability	NOUN
cblr-2946	785	13	to	to	PART
cblr-2946	785	14	understand	understand	VERB
cblr-2946	785	15	the	the	DET
cblr-2946	785	16	underlying	underlie	VERB
cblr-2946	785	17	transactions	transaction	NOUN
cblr-2946	785	18	,	,	PUNCT
cblr-2946	785	19	rather	rather	ADV
cblr-2946	785	20	than	than	ADP
cblr-2946	785	21	wholly	wholly	ADV
cblr-2946	785	22	in	in	ADP
cblr-2946	785	23	their	their	PRON
cblr-2946	785	24	failure	failure	NOUN
cblr-2946	785	25	to	to	PART
cblr-2946	785	26	appreciate	appreciate	VERB
cblr-2946	785	27	the	the	DET
cblr-2946	785	28	full	full	ADJ
cblr-2946	785	29	risk	risk	NOUN
cblr-2946	785	30	of	of	ADP
cblr-2946	785	31	the	the	DET
cblr-2946	785	32	issuer	issuer	NOUN
cblr-2946	785	33	pays	pay	VERB
cblr-2946	785	34	conflict	conflict	NOUN
cblr-2946	785	35	.	.	PUNCT
cblr-2946	786	1	224	224	NUM
cblr-2946	786	2	indeed	indeed	ADV
cblr-2946	786	3	,	,	PUNCT
cblr-2946	786	4	one	one	NUM
cblr-2946	786	5	scholar	scholar	NOUN
cblr-2946	786	6	has	have	AUX
cblr-2946	786	7	noted	note	VERB
cblr-2946	786	8	223	223	NUM
cblr-2946	786	9	coffee	coffee	NOUN
cblr-2946	786	10	,	,	PUNCT
cblr-2946	786	11	supra	supra	PROPN
cblr-2946	786	12	note	note	NOUN
cblr-2946	786	13	57	57	NUM
cblr-2946	786	14	(	(	PUNCT
cblr-2946	786	15	"	"	PUNCT
cblr-2946	786	16	[	[	X
cblr-2946	786	17	rlating	rlate	VERB
cblr-2946	786	18	structured	structure	VERB
cblr-2946	786	19	-	-	PUNCT
cblr-2946	786	20	finance	finance	NOUN
cblr-2946	786	21	products	product	NOUN
cblr-2946	786	22	is	be	AUX
cblr-2946	786	23	far	far	ADV
cblr-2946	786	24	more	more	ADV
cblr-2946	786	25	difficult	difficult	ADJ
cblr-2946	786	26	than	than	ADP
cblr-2946	786	27	rating	rate	VERB
cblr-2946	786	28	the	the	DET
cblr-2946	786	29	bonds	bond	NOUN
cblr-2946	786	30	of	of	ADP
cblr-2946	786	31	public	public	ADJ
cblr-2946	786	32	corporations	corporation	NOUN
cblr-2946	786	33	.	.	PUNCT
cblr-2946	786	34	"	"	PUNCT
cblr-2946	786	35	)	)	PUNCT
cblr-2946	786	36	;	;	PUNCT
cblr-2946	786	37	sec	sec	PROPN
cblr-2946	786	38	july	july	PROPN
cblr-2946	786	39	2008	2008	NUM
cblr-2946	786	40	report	report	NOUN
cblr-2946	786	41	,	,	PUNCT
cblr-2946	786	42	supra	supra	PROPN
cblr-2946	786	43	note	note	NOUN
cblr-2946	786	44	47	47	NUM
cblr-2946	786	45	,	,	PUNCT
cblr-2946	786	46	at	at	ADP
cblr-2946	786	47	11	11	NUM
cblr-2946	786	48	(	(	PUNCT
cblr-2946	786	49	noting	note	VERB
cblr-2946	786	50	the	the	DET
cblr-2946	786	51	increasing	increase	VERB
cblr-2946	786	52	complexity	complexity	NOUN
cblr-2946	786	53	of	of	ADP
cblr-2946	786	54	structured	structured	ADJ
cblr-2946	786	55	products	product	NOUN
cblr-2946	786	56	)	)	PUNCT
cblr-2946	786	57	.	.	PUNCT
cblr-2946	787	1	224	224	NUM
cblr-2946	787	2	this	this	PRON
cblr-2946	787	3	seems	seem	VERB
cblr-2946	787	4	even	even	ADV
cblr-2946	787	5	more	more	ADV
cblr-2946	787	6	plausible	plausible	ADJ
cblr-2946	787	7	since	since	SCONJ
cblr-2946	787	8	some	some	DET
cblr-2946	787	9	commentators	commentator	NOUN
cblr-2946	787	10	have	have	AUX
cblr-2946	787	11	noted	note	VERB
cblr-2946	787	12	that	that	SCONJ
cblr-2946	787	13	the	the	DET
cblr-2946	787	14	cras	cras	X
cblr-2946	787	15	themselves	themselves	PRON
cblr-2946	787	16	likely	likely	ADV
cblr-2946	787	17	did	do	AUX
cblr-2946	787	18	not	not	PART
cblr-2946	787	19	have	have	VERB
cblr-2946	787	20	enough	enough	ADJ
cblr-2946	787	21	information	information	NOUN
cblr-2946	787	22	to	to	PART
cblr-2946	787	23	fully	fully	ADV
cblr-2946	787	24	appreciate	appreciate	VERB
cblr-2946	787	25	the	the	DET
cblr-2946	787	26	risks	risk	NOUN
cblr-2946	787	27	inherent	inherent	ADJ
cblr-2946	787	28	in	in	ADP
cblr-2946	787	29	the	the	DET
cblr-2946	787	30	transactions	transaction	NOUN
cblr-2946	787	31	they	they	PRON
cblr-2946	787	32	were	be	AUX
cblr-2946	787	33	rating	rate	VERB
cblr-2946	787	34	.	.	PUNCT
cblr-2946	788	1	for	for	ADP
cblr-2946	788	2	example	example	NOUN
cblr-2946	788	3	,	,	PUNCT
cblr-2946	788	4	sometimes	sometimes	ADV
cblr-2946	788	5	cras	cras	PROPN
cblr-2946	788	6	did	do	AUX
cblr-2946	788	7	not	not	PART
cblr-2946	788	8	have	have	VERB
cblr-2946	788	9	information	information	NOUN
cblr-2946	788	10	on	on	ADP
cblr-2946	788	11	the	the	DET
cblr-2946	788	12	collateral	collateral	ADJ
cblr-2946	788	13	underlying	underlie	VERB
cblr-2946	788	14	cdos	cdo	NOUN
cblr-2946	788	15	.	.	PUNCT
cblr-2946	789	1	see	see	VERB
cblr-2946	789	2	credit	credit	NOUN
cblr-2946	789	3	rating	rating	NOUN
cblr-2946	789	4	agencies	agency	NOUN
cblr-2946	789	5	and	and	CCONJ
cblr-2946	789	6	the	the	DET
cblr-2946	789	7	financial	financial	ADJ
cblr-2946	789	8	crisis	crisis	NOUN
cblr-2946	789	9	:	:	PUNCT
cblr-2946	789	10	hearing	hear	VERB
cblr-2946	789	11	before	before	ADP
cblr-2946	789	12	the	the	DET
cblr-2946	789	13	h.	h.	PROPN
cblr-2946	789	14	comm	comm	NOUN
cblr-2946	789	15	.	.	PUNCT
cblr-2946	790	1	on	on	ADP
cblr-2946	790	2	oversight	oversight	NOUN
cblr-2946	790	3	and	and	CCONJ
cblr-2946	790	4	gov't	gov't	NOUN
cblr-2946	790	5	reform	reform	NOUN
cblr-2946	790	6	,	,	PUNCT
cblr-2946	790	7	110th	110th	ADJ
cblr-2946	790	8	cong	cong	NOUN
cblr-2946	790	9	.	.	PUNCT
cblr-2946	791	1	(	(	PUNCT
cblr-2946	791	2	2008	2008	NUM
cblr-2946	791	3	)	)	PUNCT
cblr-2946	791	4	(	(	PUNCT
cblr-2946	791	5	opening	open	VERB
cblr-2946	791	6	statement	statement	NOUN
cblr-2946	791	7	of	of	ADP
cblr-2946	791	8	rep	rep	PROPN
cblr-2946	791	9	.	.	PROPN
cblr-2946	791	10	henry	henry	PROPN
cblr-2946	791	11	a.	a.	PROPN
cblr-2946	791	12	waxman	waxman	PROPN
cblr-2946	791	13	,	,	PUNCT
cblr-2946	791	14	chairman	chairman	NOUN
cblr-2946	791	15	)	)	PUNCT
cblr-2946	791	16	(	(	PUNCT
cblr-2946	791	17	reporting	report	VERB
cblr-2946	791	18	that	that	SCONJ
cblr-2946	791	19	one	one	NUM
cblr-2946	791	20	former	former	ADJ
cblr-2946	791	21	s&p	s&p	PROPN
cblr-2946	791	22	analyst	analyst	NOUN
cblr-2946	791	23	was	be	AUX
cblr-2946	791	24	told	tell	VERB
cblr-2946	791	25	that	that	SCONJ
cblr-2946	791	26	a	a	DET
cblr-2946	791	27	request	request	NOUN
cblr-2946	791	28	for	for	ADP
cblr-2946	791	29	loan	loan	NOUN
cblr-2946	791	30	level	level	NOUN
cblr-2946	791	31	information	information	NOUN
cblr-2946	791	32	when	when	SCONJ
cblr-2946	791	33	rating	rate	VERB
cblr-2946	791	34	a	a	DET
cblr-2946	791	35	cdo	cdo	NOUN
cblr-2946	791	36	was	be	AUX
cblr-2946	791	37	"	"	PUNCT
cblr-2946	791	38	totally	totally	ADV
cblr-2946	791	39	unreasonable	unreasonable	ADJ
cblr-2946	791	40	"	"	PUNCT
cblr-2946	791	41	)	)	PUNCT
cblr-2946	791	42	;	;	PUNCT
cblr-2946	791	43	sec	sec	PROPN
cblr-2946	791	44	july	july	PROPN
cblr-2946	791	45	2008	2008	NUM
cblr-2946	791	46	report	report	NOUN
cblr-2946	791	47	,	,	PUNCT
cblr-2946	791	48	supra	supra	PROPN
cblr-2946	791	49	note	note	NOUN
cblr-2946	791	50	47	47	NUM
cblr-2946	791	51	,	,	PUNCT
cblr-2946	791	52	at	at	ADP
cblr-2946	791	53	36	36	NUM
cblr-2946	791	54	(	(	PUNCT
cblr-2946	791	55	describing	describe	VERB
cblr-2946	791	56	how	how	SCONJ
cblr-2946	791	57	cras	cras	PROPN
cblr-2946	791	58	relied	rely	VERB
cblr-2946	791	59	on	on	ADP
cblr-2946	791	60	credit	credit	NOUN
cblr-2946	791	61	ratings	rating	NOUN
cblr-2946	791	62	on	on	ADP
cblr-2946	791	63	the	the	DET
cblr-2946	791	64	rmbs	rmb	NOUN
cblr-2946	791	65	in	in	ADP
cblr-2946	791	66	the	the	DET
cblr-2946	791	67	asset	asset	NOUN
cblr-2946	791	68	pool	pool	NOUN
cblr-2946	791	69	)	)	PUNCT
cblr-2946	791	70	;	;	PUNCT
cblr-2946	791	71	bethel	bethel	PROPN
cblr-2946	791	72	et	et	PROPN
cblr-2946	791	73	al	al	PROPN
cblr-2946	791	74	.	.	PROPN
cblr-2946	791	75	,	,	PUNCT
cblr-2946	791	76	supra	supra	PROPN
cblr-2946	791	77	note	note	NOUN
cblr-2946	791	78	2	2	NUM
cblr-2946	791	79	,	,	PUNCT
cblr-2946	791	80	at	at	ADP
cblr-2946	791	81	25	25	NUM
cblr-2946	791	82	(	(	PUNCT
cblr-2946	791	83	noting	note	VERB
cblr-2946	791	84	how	how	SCONJ
cblr-2946	791	85	reliance	reliance	NOUN
cblr-2946	791	86	on	on	ADP
cblr-2946	791	87	data	datum	NOUN
cblr-2946	791	88	regarding	regard	VERB
cblr-2946	791	89	performance	performance	NOUN
cblr-2946	791	90	of	of	ADP
cblr-2946	791	91	subprime	subprime	ADJ
cblr-2946	791	92	loans	loan	NOUN
cblr-2946	791	93	between	between	ADP
cblr-2946	791	94	2001	2001	NUM
cblr-2946	791	95	-	-	SYM
cblr-2946	791	96	2005	2005	NUM
cblr-2946	791	97	,	,	PUNCT
cblr-2946	791	98	given	give	VERB
cblr-2946	791	99	strong	strong	ADJ
cblr-2946	791	100	performance	performance	NOUN
cblr-2946	791	101	during	during	ADP
cblr-2946	791	102	that	that	DET
cblr-2946	791	103	time	time	NOUN
cblr-2946	791	104	,	,	PUNCT
cblr-2946	791	105	could	could	AUX
cblr-2946	791	106	have	have	AUX
cblr-2946	791	107	resulted	result	VERB
cblr-2946	791	108	in	in	ADP
cblr-2946	791	109	ratings	rating	NOUN
cblr-2946	791	110	being	be	AUX
cblr-2946	791	111	too	too	ADV
cblr-2946	791	112	high	high	ADJ
cblr-2946	791	113	when	when	SCONJ
cblr-2946	791	114	rating	rating	NOUN
cblr-2946	791	115	later	later	ADV
cblr-2946	791	116	vintages	vintage	NOUN
cblr-2946	791	117	)	)	PUNCT
cblr-2946	791	118	.	.	PUNCT
cblr-2946	792	1	columbia	columbia	PROPN
cblr-2946	792	2	business	business	PROPN
cblr-2946	792	3	law	law	PROPN
cblr-2946	792	4	review	review	VERB
cblr-2946	792	5	that	that	SCONJ
cblr-2946	792	6	"	"	PUNCT
cblr-2946	792	7	most	most	ADJ
cblr-2946	792	8	investors	investor	NOUN
cblr-2946	792	9	do	do	AUX
cblr-2946	792	10	not	not	PART
cblr-2946	792	11	have	have	VERB
cblr-2946	792	12	the	the	DET
cblr-2946	792	13	ability	ability	NOUN
cblr-2946	792	14	to	to	PART
cblr-2946	792	15	evaluate	evaluate	VERB
cblr-2946	792	16	structured	structured	ADJ
cblr-2946	792	17	transactions	transaction	NOUN
cblr-2946	792	18	.	.	PUNCT
cblr-2946	793	1	"22	"22	PROPN
cblr-2946	793	2	if	if	SCONJ
cblr-2946	793	3	we	we	PRON
cblr-2946	793	4	were	be	AUX
cblr-2946	793	5	dealing	deal	VERB
cblr-2946	793	6	with	with	ADP
cblr-2946	793	7	actively	actively	ADV
cblr-2946	793	8	traded	trade	VERB
cblr-2946	793	9	equity	equity	NOUN
cblr-2946	793	10	securities	security	NOUN
cblr-2946	793	11	,	,	PUNCT
cblr-2946	793	12	the	the	DET
cblr-2946	793	13	efficient	efficient	ADJ
cblr-2946	793	14	market	market	NOUN
cblr-2946	793	15	hypothesis	hypothesis	NOUN
cblr-2946	793	16	would	would	AUX
cblr-2946	793	17	correct	correct	VERB
cblr-2946	793	18	for	for	ADP
cblr-2946	793	19	this	this	DET
cblr-2946	793	20	problem.226	problem.226	NOUN
cblr-2946	793	21	under	under	ADP
cblr-2946	793	22	that	that	DET
cblr-2946	793	23	hypothesis	hypothesis	NOUN
cblr-2946	793	24	,	,	PUNCT
cblr-2946	793	25	not	not	PART
cblr-2946	793	26	all	all	DET
cblr-2946	793	27	investors	investor	NOUN
cblr-2946	793	28	would	would	AUX
cblr-2946	793	29	need	need	VERB
cblr-2946	793	30	to	to	PART
cblr-2946	793	31	comprehend	comprehend	VERB
cblr-2946	793	32	the	the	DET
cblr-2946	793	33	underlying	underlie	VERB
cblr-2946	793	34	transaction	transaction	NOUN
cblr-2946	793	35	because	because	SCONJ
cblr-2946	793	36	the	the	DET
cblr-2946	793	37	price	price	NOUN
cblr-2946	793	38	of	of	ADP
cblr-2946	793	39	the	the	DET
cblr-2946	793	40	security	security	NOUN
cblr-2946	793	41	would	would	AUX
cblr-2946	793	42	reflect	reflect	VERB
cblr-2946	793	43	the	the	DET
cblr-2946	793	44	most	most	ADV
cblr-2946	793	45	sophisticated	sophisticated	ADJ
cblr-2946	793	46	investors	investor	NOUN
cblr-2946	793	47	'	'	PART
cblr-2946	793	48	understanding	understanding	NOUN
cblr-2946	793	49	of	of	ADP
cblr-2946	793	50	the	the	DET
cblr-2946	793	51	deal	deal	NOUN
cblr-2946	793	52	as	as	ADV
cblr-2946	793	53	well	well	ADV
cblr-2946	793	54	as	as	ADP
cblr-2946	793	55	their	their	PRON
cblr-2946	793	56	evaluation	evaluation	NOUN
cblr-2946	793	57	as	as	ADP
cblr-2946	793	58	to	to	ADP
cblr-2946	793	59	whether	whether	SCONJ
cblr-2946	793	60	the	the	DET
cblr-2946	793	61	security	security	NOUN
cblr-2946	793	62	's	's	PART
cblr-2946	793	63	rating	rating	NOUN
cblr-2946	793	64	was	be	AUX
cblr-2946	793	65	compromised	compromise	VERB
cblr-2946	793	66	by	by	ADP
cblr-2946	793	67	conflicts	conflict	NOUN
cblr-2946	793	68	.	.	PUNCT
cblr-2946	794	1	however	however	ADV
cblr-2946	794	2	,	,	PUNCT
cblr-2946	794	3	although	although	SCONJ
cblr-2946	794	4	ultimately	ultimately	ADV
cblr-2946	794	5	an	an	DET
cblr-2946	794	6	empirical	empirical	ADJ
cblr-2946	794	7	question	question	NOUN
cblr-2946	794	8	,	,	PUNCT
cblr-2946	794	9	the	the	DET
cblr-2946	794	10	efficient	efficient	ADJ
cblr-2946	794	11	markets	market	NOUN
cblr-2946	794	12	hypothesis	hypothesis	NOUN
cblr-2946	794	13	likely	likely	ADV
cblr-2946	794	14	does	do	AUX
cblr-2946	794	15	not	not	PART
cblr-2946	794	16	hold	hold	VERB
cblr-2946	794	17	in	in	ADP
cblr-2946	794	18	markets	market	NOUN
cblr-2946	794	19	for	for	ADP
cblr-2946	794	20	rmbs	rmb	NOUN
cblr-2946	794	21	and	and	CCONJ
cblr-2946	794	22	cdos	cdo	NOUN
cblr-2946	794	23	.	.	PUNCT
cblr-2946	795	1	public	public	ADJ
cblr-2946	795	2	and	and	CCONJ
cblr-2946	795	3	private	private	ADJ
cblr-2946	795	4	debt	debt	NOUN
cblr-2946	795	5	markets	market	NOUN
cblr-2946	795	6	are	be	AUX
cblr-2946	795	7	often	often	ADV
cblr-2946	795	8	not	not	PART
cblr-2946	795	9	efficient	efficient	ADJ
cblr-2946	795	10	like	like	ADP
cblr-2946	795	11	markets	market	NOUN
cblr-2946	795	12	for	for	ADP
cblr-2946	795	13	equity	equity	NOUN
cblr-2946	795	14	securities	security	NOUN
cblr-2946	795	15	.	.	PUNCT
cblr-2946	796	1	27	27	NUM
cblr-2946	796	2	true	true	ADJ
cblr-2946	796	3	,	,	PUNCT
cblr-2946	796	4	purchasers	purchaser	NOUN
cblr-2946	796	5	of	of	ADP
cblr-2946	796	6	these	these	DET
cblr-2946	796	7	securities	security	NOUN
cblr-2946	796	8	tend	tend	VERB
cblr-2946	796	9	to	to	PART
cblr-2946	796	10	be	be	AUX
cblr-2946	796	11	among	among	ADP
cblr-2946	796	12	more	more	ADV
cblr-2946	796	13	sophisticated	sophisticated	ADJ
cblr-2946	796	14	investors	investor	NOUN
cblr-2946	796	15	,	,	PUNCT
cblr-2946	796	16	such	such	ADJ
cblr-2946	796	17	as	as	ADP
cblr-2946	796	18	hedge	hedge	NOUN
cblr-2946	796	19	funds	fund	NOUN
cblr-2946	796	20	,	,	PUNCT
cblr-2946	796	21	banks	bank	NOUN
cblr-2946	796	22	,	,	PUNCT
cblr-2946	796	23	pension	pension	NOUN
cblr-2946	796	24	funds	fund	NOUN
cblr-2946	796	25	,	,	PUNCT
cblr-2946	796	26	corporations	corporation	NOUN
cblr-2946	796	27	,	,	PUNCT
cblr-2946	796	28	mutual	mutual	ADJ
cblr-2946	796	29	funds	fund	NOUN
cblr-2946	796	30	,	,	PUNCT
cblr-2946	796	31	and	and	CCONJ
cblr-2946	796	32	life	life	NOUN
cblr-2946	796	33	insurers.22	insurers.22	NOUN
cblr-2946	796	34	'	'	PUNCT
cblr-2946	796	35	that	that	SCONJ
cblr-2946	796	36	being	be	AUX
cblr-2946	796	37	said	say	VERB
cblr-2946	796	38	,	,	PUNCT
cblr-2946	796	39	it	it	PRON
cblr-2946	796	40	seems	seem	VERB
cblr-2946	796	41	likely	likely	ADV
cblr-2946	796	42	given	give	VERB
cblr-2946	796	43	the	the	DET
cblr-2946	796	44	growth	growth	NOUN
cblr-2946	796	45	225	225	NUM
cblr-2946	796	46	schwarcz	schwarcz	NOUN
cblr-2946	796	47	,	,	PUNCT
cblr-2946	796	48	supra	supra	PROPN
cblr-2946	796	49	note	note	NOUN
cblr-2946	796	50	213	213	NUM
cblr-2946	796	51	,	,	PUNCT
cblr-2946	796	52	at	at	ADP
cblr-2946	796	53	12	12	NUM
cblr-2946	796	54	.	.	PUNCT
cblr-2946	797	1	226	226	NUM
cblr-2946	797	2	see	see	VERB
cblr-2946	797	3	supra	supra	PROPN
cblr-2946	797	4	part	part	PROPN
cblr-2946	797	5	iv.b	iv.b	PROPN
cblr-2946	797	6	.	.	PROPN
cblr-2946	798	1	227	227	NUM
cblr-2946	798	2	john	john	PROPN
cblr-2946	798	3	c.	c.	PROPN
cblr-2946	798	4	coffee	coffee	PROPN
cblr-2946	798	5	,	,	PUNCT
cblr-2946	798	6	jr	jr	PROPN
cblr-2946	798	7	.	.	PROPN
cblr-2946	798	8	,	,	PUNCT
cblr-2946	798	9	the	the	DET
cblr-2946	798	10	securitization	securitization	NOUN
cblr-2946	798	11	bubble	bubble	NOUN
cblr-2946	798	12	,	,	PUNCT
cblr-2946	798	13	n.y.l.j	n.y.l.j	PROPN
cblr-2946	798	14	.	.	PROPN
cblr-2946	798	15	,	,	PUNCT
cblr-2946	798	16	mar	mar	PROPN
cblr-2946	798	17	.	.	PROPN
cblr-2946	798	18	17	17	NUM
cblr-2946	798	19	,	,	PUNCT
cblr-2946	798	20	2008	2008	NUM
cblr-2946	798	21	(	(	PUNCT
cblr-2946	798	22	"	"	PUNCT
cblr-2946	798	23	debt	debt	NOUN
cblr-2946	798	24	markets	market	NOUN
cblr-2946	798	25	are	be	AUX
cblr-2946	798	26	seldom	seldom	ADV
cblr-2946	798	27	efficient	efficient	ADJ
cblr-2946	798	28	in	in	ADP
cblr-2946	798	29	the	the	DET
cblr-2946	798	30	way	way	NOUN
cblr-2946	798	31	that	that	PRON
cblr-2946	798	32	equity	equity	NOUN
cblr-2946	798	33	securities	security	NOUN
cblr-2946	798	34	markets	market	NOUN
cblr-2946	798	35	are	be	AUX
cblr-2946	798	36	,	,	PUNCT
cblr-2946	798	37	and	and	CCONJ
cblr-2946	798	38	the	the	DET
cblr-2946	798	39	'	'	PUNCT
cblr-2946	798	40	fraud	fraud	NOUN
cblr-2946	798	41	on	on	ADP
cblr-2946	798	42	the	the	DET
cblr-2946	798	43	market	market	NOUN
cblr-2946	798	44	'	'	PART
cblr-2946	798	45	doctrine	doctrine	NOUN
cblr-2946	798	46	will	will	AUX
cblr-2946	798	47	likely	likely	ADV
cblr-2946	798	48	be	be	AUX
cblr-2946	798	49	inapplicable	inapplicable	ADJ
cblr-2946	798	50	.	.	PUNCT
cblr-2946	798	51	"	"	PUNCT
cblr-2946	798	52	)	)	PUNCT
cblr-2946	798	53	;	;	PUNCT
cblr-2946	798	54	schwarcz	schwarcz	NOUN
cblr-2946	798	55	,	,	PUNCT
cblr-2946	798	56	supra	supra	PROPN
cblr-2946	798	57	note	note	NOUN
cblr-2946	798	58	213	213	NUM
cblr-2946	798	59	,	,	PUNCT
cblr-2946	798	60	at	at	ADP
cblr-2946	798	61	19	19	NUM
cblr-2946	798	62	(	(	PUNCT
cblr-2946	798	63	"	"	PUNCT
cblr-2946	798	64	furthermore	furthermore	ADV
cblr-2946	798	65	,	,	PUNCT
cblr-2946	798	66	the	the	DET
cblr-2946	798	67	efficient	efficient	ADJ
cblr-2946	798	68	market	market	NOUN
cblr-2946	798	69	hypothesis	hypothesis	NOUN
cblr-2946	798	70	might	might	AUX
cblr-2946	798	71	not	not	PART
cblr-2946	798	72	even	even	ADV
cblr-2946	798	73	apply	apply	VERB
cblr-2946	798	74	to	to	ADP
cblr-2946	798	75	public	public	ADJ
cblr-2946	798	76	or	or	CCONJ
cblr-2946	798	77	private	private	ADJ
cblr-2946	798	78	bond	bond	NOUN
cblr-2946	798	79	markets	market	NOUN
cblr-2946	798	80	,	,	PUNCT
cblr-2946	798	81	yet	yet	CCONJ
cblr-2946	798	82	investors	investor	NOUN
cblr-2946	798	83	in	in	ADP
cblr-2946	798	84	those	those	DET
cblr-2946	798	85	markets	market	NOUN
cblr-2946	798	86	suffer	suffer	VERB
cblr-2946	798	87	from	from	ADP
cblr-2946	798	88	the	the	DET
cblr-2946	798	89	same	same	ADJ
cblr-2946	798	90	information	information	NOUN
cblr-2946	798	91	asymmetry	asymmetry	NOUN
cblr-2946	798	92	discussed	discuss	VERB
cblr-2946	798	93	in	in	ADP
cblr-2946	798	94	this	this	DET
cblr-2946	798	95	article	article	NOUN
cblr-2946	798	96	.	.	PUNCT
cblr-2946	798	97	"	"	PUNCT
cblr-2946	798	98	)	)	PUNCT
cblr-2946	798	99	;	;	PUNCT
cblr-2946	798	100	morey	morey	PROPN
cblr-2946	798	101	w.	w.	PROPN
cblr-2946	798	102	mcdaniel	mcdaniel	PROPN
cblr-2946	798	103	,	,	PUNCT
cblr-2946	798	104	bondholders	bondholder	NOUN
cblr-2946	798	105	and	and	CCONJ
cblr-2946	798	106	stockholders	stockholder	NOUN
cblr-2946	798	107	,	,	PUNCT
cblr-2946	798	108	13	13	NUM
cblr-2946	798	109	j.	j.	PROPN
cblr-2946	798	110	corp	corp	PROPN
cblr-2946	798	111	.	.	PROPN
cblr-2946	798	112	l.	l.	PROPN
cblr-2946	798	113	205	205	NUM
cblr-2946	798	114	,	,	PUNCT
cblr-2946	798	115	242	242	NUM
cblr-2946	798	116	(	(	PUNCT
cblr-2946	798	117	1988	1988	NUM
cblr-2946	798	118	)	)	PUNCT
cblr-2946	798	119	(	(	PUNCT
cblr-2946	798	120	"	"	PUNCT
cblr-2946	798	121	there	there	PRON
cblr-2946	798	122	is	be	VERB
cblr-2946	798	123	evidence	evidence	NOUN
cblr-2946	798	124	that	that	SCONJ
cblr-2946	798	125	the	the	DET
cblr-2946	798	126	market	market	NOUN
cblr-2946	798	127	for	for	ADP
cblr-2946	798	128	corporate	corporate	ADJ
cblr-2946	798	129	bonds	bond	NOUN
cblr-2946	798	130	is	be	AUX
cblr-2946	798	131	not	not	PART
cblr-2946	798	132	very	very	ADV
cblr-2946	798	133	efficient	efficient	ADJ
cblr-2946	798	134	.	.	PUNCT
cblr-2946	799	1	for	for	ADP
cblr-2946	799	2	many	many	ADJ
cblr-2946	799	3	bond	bond	NOUN
cblr-2946	799	4	issues	issue	NOUN
cblr-2946	799	5	,	,	PUNCT
cblr-2946	799	6	it	it	PRON
cblr-2946	799	7	is	be	AUX
cblr-2946	799	8	not	not	PART
cblr-2946	799	9	unusual	unusual	ADJ
cblr-2946	799	10	to	to	PART
cblr-2946	799	11	find	find	VERB
cblr-2946	799	12	infrequent	infrequent	ADJ
cblr-2946	799	13	trading	trading	NOUN
cblr-2946	799	14	activity	activity	NOUN
cblr-2946	799	15	and	and	CCONJ
cblr-2946	799	16	large	large	ADJ
cblr-2946	799	17	spreads	spread	NOUN
cblr-2946	799	18	between	between	ADP
cblr-2946	799	19	bid	bid	NOUN
cblr-2946	799	20	and	and	CCONJ
cblr-2946	799	21	asked	ask	VERB
cblr-2946	799	22	prices	price	NOUN
cblr-2946	799	23	.	.	PUNCT
cblr-2946	799	24	"	"	PUNCT
cblr-2946	800	1	(	(	PUNCT
cblr-2946	800	2	citations	citation	NOUN
cblr-2946	800	3	omitted	omit	VERB
cblr-2946	800	4	)	)	PUNCT
cblr-2946	800	5	)	)	PUNCT
cblr-2946	800	6	;	;	PUNCT
cblr-2946	800	7	yedidia	yedidia	PROPN
cblr-2946	800	8	z.	z.	PROPN
cblr-2946	800	9	stern	stern	PROPN
cblr-2946	800	10	,	,	PUNCT
cblr-2946	800	11	a	a	DET
cblr-2946	800	12	general	general	ADJ
cblr-2946	800	13	model	model	NOUN
cblr-2946	800	14	for	for	ADP
cblr-2946	800	15	corporate	corporate	ADJ
cblr-2946	800	16	acquisition	acquisition	NOUN
cblr-2946	800	17	law	law	NOUN
cblr-2946	800	18	,	,	PUNCT
cblr-2946	800	19	26	26	NUM
cblr-2946	800	20	j.	j.	PROPN
cblr-2946	800	21	corp	corp	PROPN
cblr-2946	800	22	.	.	PROPN
cblr-2946	800	23	l.	l.	PROPN
cblr-2946	800	24	675	675	NUM
cblr-2946	800	25	,	,	PUNCT
cblr-2946	800	26	709	709	NUM
cblr-2946	800	27	(	(	PUNCT
cblr-2946	800	28	2001	2001	NUM
cblr-2946	800	29	)	)	PUNCT
cblr-2946	800	30	(	(	PUNCT
cblr-2946	800	31	"	"	PUNCT
cblr-2946	800	32	[	[	X
cblr-2946	800	33	sltudies	sltudie	NOUN
cblr-2946	800	34	show	show	VERB
cblr-2946	800	35	that	that	SCONJ
cblr-2946	800	36	the	the	DET
cblr-2946	800	37	bond	bond	NOUN
cblr-2946	800	38	market	market	NOUN
cblr-2946	800	39	is	be	AUX
cblr-2946	800	40	not	not	PART
cblr-2946	800	41	efficient	efficient	ADJ
cblr-2946	800	42	;	;	PUNCT
cblr-2946	800	43	and	and	CCONJ
cblr-2946	800	44	therefore	therefore	ADV
cblr-2946	800	45	,	,	PUNCT
cblr-2946	800	46	one	one	PRON
cblr-2946	800	47	can	can	AUX
cblr-2946	800	48	not	not	PART
cblr-2946	800	49	expect	expect	VERB
cblr-2946	800	50	the	the	DET
cblr-2946	800	51	market	market	NOUN
cblr-2946	800	52	prices	price	NOUN
cblr-2946	800	53	to	to	PART
cblr-2946	800	54	compensate	compensate	VERB
cblr-2946	800	55	bondholders	bondholder	NOUN
cblr-2946	800	56	for	for	ADP
cblr-2946	800	57	the	the	DET
cblr-2946	800	58	risks	risk	NOUN
cblr-2946	800	59	to	to	PART
cblr-2946	800	60	which	which	PRON
cblr-2946	800	61	they	they	PRON
cblr-2946	800	62	are	be	AUX
cblr-2946	800	63	exposed	expose	VERB
cblr-2946	800	64	.	.	PUNCT
cblr-2946	800	65	"	"	PUNCT
cblr-2946	800	66	)	)	PUNCT
cblr-2946	800	67	;	;	PUNCT
cblr-2946	800	68	see	see	VERB
cblr-2946	800	69	also	also	ADV
cblr-2946	800	70	schwarcz	schwarcz	VERB
cblr-2946	800	71	,	,	PUNCT
cblr-2946	800	72	supra	supra	PROPN
cblr-2946	800	73	note	note	NOUN
cblr-2946	800	74	213	213	NUM
cblr-2946	800	75	,	,	PUNCT
cblr-2946	800	76	at	at	ADP
cblr-2946	800	77	18	18	NUM
cblr-2946	800	78	(	(	PUNCT
cblr-2946	800	79	noting	note	VERB
cblr-2946	800	80	that	that	SCONJ
cblr-2946	800	81	complexity	complexity	NOUN
cblr-2946	800	82	can	can	AUX
cblr-2946	800	83	undermine	undermine	VERB
cblr-2946	800	84	the	the	DET
cblr-2946	800	85	efficient	efficient	ADJ
cblr-2946	800	86	markets	market	NOUN
cblr-2946	800	87	hypothesis	hypothesis	NOUN
cblr-2946	800	88	because	because	SCONJ
cblr-2946	800	89	"	"	PUNCT
cblr-2946	800	90	fewer	few	ADJ
cblr-2946	800	91	than	than	ADP
cblr-2946	800	92	the	the	DET
cblr-2946	800	93	necessary	necessary	ADJ
cblr-2946	800	94	critical	critical	ADJ
cblr-2946	800	95	mass	mass	NOUN
cblr-2946	800	96	of	of	ADP
cblr-2946	800	97	investors	investor	NOUN
cblr-2946	800	98	understands	understand	VERB
cblr-2946	800	99	the	the	DET
cblr-2946	800	100	disclosure	disclosure	NOUN
cblr-2946	800	101	"	"	PUNCT
cblr-2946	800	102	)	)	PUNCT
cblr-2946	800	103	.	.	PUNCT
cblr-2946	801	1	22	22	NUM
cblr-2946	801	2	bethel	bethel	PROPN
cblr-2946	801	3	et	et	PROPN
cblr-2946	801	4	al	al	PROPN
cblr-2946	801	5	.	.	PROPN
cblr-2946	801	6	,	,	PUNCT
cblr-2946	801	7	supra	supra	PROPN
cblr-2946	801	8	note	note	NOUN
cblr-2946	801	9	2	2	NUM
cblr-2946	801	10	,	,	PUNCT
cblr-2946	801	11	at	at	ADP
cblr-2946	801	12	14	14	NUM
cblr-2946	801	13	(	(	PUNCT
cblr-2946	801	14	listing	list	VERB
cblr-2946	801	15	the	the	DET
cblr-2946	801	16	types	type	NOUN
cblr-2946	801	17	of	of	ADP
cblr-2946	801	18	investors	investor	NOUN
cblr-2946	801	19	who	who	PRON
cblr-2946	801	20	typically	typically	ADV
cblr-2946	801	21	purchase	purchase	VERB
cblr-2946	801	22	rmbs	rmb	NOUN
cblr-2946	801	23	and	and	CCONJ
cblr-2946	801	24	cdos	cdo	NOUN
cblr-2946	801	25	)	)	PUNCT
cblr-2946	801	26	.	.	PUNCT
cblr-2946	802	1	see	see	VERB
cblr-2946	802	2	,	,	PUNCT
cblr-2946	802	3	e.g.	e.g.	ADV
cblr-2946	802	4	,	,	PUNCT
cblr-2946	802	5	schwarcz	schwarcz	NOUN
cblr-2946	802	6	,	,	PUNCT
cblr-2946	802	7	supra	supra	PROPN
cblr-2946	802	8	note	note	NOUN
cblr-2946	802	9	213	213	NUM
cblr-2946	802	10	,	,	PUNCT
cblr-2946	802	11	at	at	ADP
cblr-2946	802	12	4	4	NUM
cblr-2946	802	13	-	-	SYM
cblr-2946	802	14	6	6	NUM
cblr-2946	802	15	&	&	CCONJ
cblr-2946	802	16	n.36	n.36	PROPN
cblr-2946	802	17	(	(	PUNCT
cblr-2946	802	18	"	"	PUNCT
cblr-2946	802	19	disclosure	disclosure	NOUN
cblr-2946	802	20	of	of	ADP
cblr-2946	802	21	a	a	DET
cblr-2946	802	22	complex	complex	ADJ
cblr-2946	802	23	and	and	CCONJ
cblr-2946	802	24	convoluted	convoluted	ADJ
cblr-2946	802	25	structure	structure	NOUN
cblr-2946	802	26	to	to	ADP
cblr-2946	802	27	investors	investor	NOUN
cblr-2946	802	28	of	of	ADP
cblr-2946	802	29	the	the	DET
cblr-2946	802	30	originator	originator	NOUN
cblr-2946	802	31	-	-	PUNCT
cblr-2946	802	32	the	the	DET
cblr-2946	802	33	audience	audience	NOUN
cblr-2946	802	34	on	on	ADP
cblr-2946	802	35	which	which	PRON
cblr-2946	802	36	this	this	DET
cblr-2946	802	37	article	article	NOUN
cblr-2946	802	38	primarily	primarily	ADV
cblr-2946	802	39	[	[	X
cblr-2946	802	40	vol	vol	NOUN
cblr-2946	802	41	.	.	PUNCT
cblr-2946	802	42	2009	2009	NUM
cblr-2946	802	43	no	no	NOUN
cblr-2946	802	44	.	.	PUNCT
cblr-2946	803	1	2:605	2:605	NUM
cblr-2946	803	2	]	]	X
cblr-2946	803	3	credit	credit	NOUN
cblr-2946	803	4	rating	rating	NOUN
cblr-2946	803	5	agencies	agency	NOUN
cblr-2946	803	6	and	and	CCONJ
cblr-2946	803	7	the	the	DET
cblr-2946	803	8	credit	credit	NOUN
cblr-2946	803	9	crisis	crisis	NOUN
cblr-2946	803	10	657	657	NUM
cblr-2946	803	11	in	in	ADP
cblr-2946	803	12	issuances	issuance	NOUN
cblr-2946	803	13	of	of	ADP
cblr-2946	803	14	these	these	DET
cblr-2946	803	15	complex	complex	ADJ
cblr-2946	803	16	securities	security	NOUN
cblr-2946	803	17	over	over	ADP
cblr-2946	803	18	recent	recent	ADJ
cblr-2946	803	19	years	year	NOUN
cblr-2946	803	20	that	that	SCONJ
cblr-2946	803	21	at	at	ADV
cblr-2946	803	22	least	least	ADJ
cblr-2946	803	23	some	some	PRON
cblr-2946	803	24	purchasers	purchaser	NOUN
cblr-2946	803	25	were	be	AUX
cblr-2946	803	26	not	not	PART
cblr-2946	803	27	among	among	ADP
cblr-2946	803	28	the	the	DET
cblr-2946	803	29	most	most	ADV
cblr-2946	803	30	sophisticated	sophisticated	ADJ
cblr-2946	803	31	investors	investor	NOUN
cblr-2946	803	32	.	.	PUNCT
cblr-2946	804	1	if	if	SCONJ
cblr-2946	804	2	these	these	DET
cblr-2946	804	3	investors	investor	NOUN
cblr-2946	804	4	did	do	AUX
cblr-2946	804	5	not	not	PART
cblr-2946	804	6	understand	understand	VERB
cblr-2946	804	7	the	the	DET
cblr-2946	804	8	transactions	transaction	NOUN
cblr-2946	804	9	,	,	PUNCT
cblr-2946	804	10	they	they	PRON
cblr-2946	804	11	may	may	AUX
cblr-2946	804	12	have	have	AUX
cblr-2946	804	13	underestimated	underestimate	VERB
cblr-2946	804	14	the	the	DET
cblr-2946	804	15	risk	risk	NOUN
cblr-2946	804	16	that	that	SCONJ
cblr-2946	804	17	conflicts	conflict	NOUN
cblr-2946	804	18	compromised	compromise	VERB
cblr-2946	804	19	the	the	DET
cblr-2946	804	20	ratings	rating	NOUN
cblr-2946	804	21	.	.	PUNCT
cblr-2946	805	1	3	3	X
cblr-2946	805	2	.	.	X
cblr-2946	805	3	failure	failure	NOUN
cblr-2946	805	4	to	to	PART
cblr-2946	805	5	question	question	VERB
cblr-2946	805	6	the	the	DET
cblr-2946	805	7	accuracy	accuracy	NOUN
cblr-2946	805	8	of	of	ADP
cblr-2946	805	9	ratings	rating	NOUN
cblr-2946	805	10	another	another	DET
cblr-2946	805	11	reason	reason	NOUN
cblr-2946	805	12	why	why	SCONJ
cblr-2946	805	13	investors	investor	NOUN
cblr-2946	805	14	may	may	AUX
cblr-2946	805	15	have	have	AUX
cblr-2946	805	16	failed	fail	VERB
cblr-2946	805	17	to	to	PART
cblr-2946	805	18	discount	discount	VERB
cblr-2946	805	19	the	the	DET
cblr-2946	805	20	value	value	NOUN
cblr-2946	805	21	of	of	ADP
cblr-2946	805	22	ratings	rating	NOUN
cblr-2946	805	23	despite	despite	SCONJ
cblr-2946	805	24	the	the	DET
cblr-2946	805	25	disclosure	disclosure	NOUN
cblr-2946	805	26	of	of	ADP
cblr-2946	805	27	conflicts	conflict	NOUN
cblr-2946	805	28	is	be	AUX
cblr-2946	805	29	that	that	SCONJ
cblr-2946	805	30	investors	investor	NOUN
cblr-2946	805	31	failed	fail	VERB
cblr-2946	805	32	to	to	PART
cblr-2946	805	33	scrutinize	scrutinize	VERB
cblr-2946	805	34	the	the	DET
cblr-2946	805	35	informational	informational	ADJ
cblr-2946	805	36	value	value	NOUN
cblr-2946	805	37	of	of	ADP
cblr-2946	805	38	ratings	rating	NOUN
cblr-2946	805	39	,	,	PUNCT
cblr-2946	805	40	period	period	NOUN
cblr-2946	805	41	.	.	PUNCT
cblr-2946	806	1	at	at	ADV
cblr-2946	806	2	least	least	ADV
cblr-2946	806	3	one	one	NUM
cblr-2946	806	4	scholar	scholar	NOUN
cblr-2946	806	5	has	have	AUX
cblr-2946	806	6	noted	note	VERB
cblr-2946	806	7	that	that	SCONJ
cblr-2946	806	8	it	it	PRON
cblr-2946	806	9	is	be	AUX
cblr-2946	806	10	not	not	PART
cblr-2946	806	11	clear	clear	ADJ
cblr-2946	806	12	whether	whether	SCONJ
cblr-2946	806	13	some	some	DET
cblr-2946	806	14	investors	investor	NOUN
cblr-2946	806	15	do	do	VERB
cblr-2946	806	16	anything	anything	PRON
cblr-2946	806	17	besides	besides	SCONJ
cblr-2946	806	18	rely	rely	VERB
cblr-2946	806	19	on	on	ADP
cblr-2946	806	20	the	the	DET
cblr-2946	806	21	rating	rating	NOUN
cblr-2946	806	22	as	as	ADP
cblr-2946	806	23	a	a	DET
cblr-2946	806	24	simple	simple	ADJ
cblr-2946	806	25	heuristic.229	heuristic.229	NOUN
cblr-2946	806	26	thus	thus	ADV
cblr-2946	806	27	,	,	PUNCT
cblr-2946	806	28	investors	investor	NOUN
cblr-2946	806	29	may	may	AUX
cblr-2946	806	30	not	not	PART
cblr-2946	806	31	be	be	AUX
cblr-2946	806	32	exploiting	exploit	VERB
cblr-2946	806	33	the	the	DET
cblr-2946	806	34	disclosure	disclosure	NOUN
cblr-2946	806	35	available	available	ADJ
cblr-2946	806	36	to	to	ADP
cblr-2946	806	37	them	they	PRON
cblr-2946	806	38	to	to	PART
cblr-2946	806	39	conduct	conduct	VERB
cblr-2946	806	40	their	their	PRON
cblr-2946	806	41	own	own	ADJ
cblr-2946	806	42	analytic	analytic	ADJ
cblr-2946	806	43	assessments	assessment	NOUN
cblr-2946	806	44	regarding	regard	VERB
cblr-2946	806	45	the	the	DET
cblr-2946	806	46	risk	risk	NOUN
cblr-2946	806	47	of	of	ADP
cblr-2946	806	48	the	the	DET
cblr-2946	806	49	rated	rate	VERB
cblr-2946	806	50	securities	security	NOUN
cblr-2946	806	51	and	and	CCONJ
cblr-2946	806	52	checking	check	VERB
cblr-2946	806	53	those	those	DET
cblr-2946	806	54	assessments	assessment	NOUN
cblr-2946	806	55	against	against	ADP
cblr-2946	806	56	the	the	DET
cblr-2946	806	57	assigned	assign	VERB
cblr-2946	806	58	rating	rating	NOUN
cblr-2946	806	59	.	.	PUNCT
cblr-2946	807	1	if	if	SCONJ
cblr-2946	807	2	investors	investor	NOUN
cblr-2946	807	3	are	be	AUX
cblr-2946	807	4	failing	fail	VERB
cblr-2946	807	5	to	to	PART
cblr-2946	807	6	scrutinize	scrutinize	VERB
cblr-2946	807	7	the	the	DET
cblr-2946	807	8	value	value	NOUN
cblr-2946	807	9	of	of	ADP
cblr-2946	807	10	a	a	DET
cblr-2946	807	11	rating	rating	NOUN
cblr-2946	807	12	via	via	ADP
cblr-2946	807	13	an	an	DET
cblr-2946	807	14	independent	independent	ADJ
cblr-2946	807	15	assessment	assessment	NOUN
cblr-2946	807	16	,	,	PUNCT
cblr-2946	807	17	the	the	DET
cblr-2946	807	18	use	use	NOUN
cblr-2946	807	19	by	by	ADP
cblr-2946	807	20	the	the	DET
cblr-2946	807	21	cras	cra	NOUN
cblr-2946	807	22	of	of	ADP
cblr-2946	807	23	the	the	DET
cblr-2946	807	24	same	same	ADJ
cblr-2946	807	25	ratings	rating	NOUN
cblr-2946	807	26	scale	scale	NOUN
cblr-2946	807	27	for	for	ADP
cblr-2946	807	28	structured	structured	ADJ
cblr-2946	807	29	and	and	CCONJ
cblr-2946	807	30	traditional	traditional	ADJ
cblr-2946	807	31	products	product	NOUN
cblr-2946	807	32	could	could	AUX
cblr-2946	807	33	have	have	AUX
cblr-2946	807	34	exacerbated	exacerbate	VERB
cblr-2946	807	35	the	the	DET
cblr-2946	807	36	problem	problem	NOUN
cblr-2946	807	37	,	,	PUNCT
cblr-2946	807	38	since	since	SCONJ
cblr-2946	807	39	a	a	DET
cblr-2946	807	40	structured	structured	ADJ
cblr-2946	807	41	product	product	NOUN
cblr-2946	807	42	with	with	ADP
cblr-2946	807	43	an	an	DET
cblr-2946	807	44	equivalent	equivalent	ADJ
cblr-2946	807	45	rating	rating	NOUN
cblr-2946	807	46	to	to	ADP
cblr-2946	807	47	a	a	DET
cblr-2946	807	48	corporate	corporate	ADJ
cblr-2946	807	49	security	security	NOUN
cblr-2946	807	50	often	often	ADV
cblr-2946	807	51	paid	pay	VERB
cblr-2946	807	52	a	a	DET
cblr-2946	807	53	higher	high	ADJ
cblr-2946	807	54	yield.y0	yield.y0	NOUN
cblr-2946	807	55	investors	investor	NOUN
cblr-2946	807	56	may	may	AUX
cblr-2946	807	57	have	have	AUX
cblr-2946	807	58	simply	simply	ADV
cblr-2946	807	59	preferred	prefer	VERB
cblr-2946	807	60	to	to	PART
cblr-2946	807	61	buy	buy	VERB
cblr-2946	807	62	the	the	DET
cblr-2946	807	63	security	security	NOUN
cblr-2946	807	64	that	that	PRON
cblr-2946	807	65	provided	provide	VERB
cblr-2946	807	66	the	the	DET
cblr-2946	807	67	highest	high	ADJ
cblr-2946	807	68	rate	rate	NOUN
cblr-2946	807	69	of	of	ADP
cblr-2946	807	70	return	return	NOUN
cblr-2946	807	71	within	within	ADP
cblr-2946	807	72	a	a	DET
cblr-2946	807	73	particular	particular	ADJ
cblr-2946	807	74	rating	rating	NOUN
cblr-2946	807	75	class	class	NOUN
cblr-2946	807	76	.	.	PUNCT
cblr-2946	808	1	focuses	focus	VERB
cblr-2946	808	2	-	-	PUNCT
cblr-2946	808	3	may	may	AUX
cblr-2946	808	4	well	well	ADV
cblr-2946	808	5	be	be	AUX
cblr-2946	808	6	either	either	CCONJ
cblr-2946	808	7	too	too	ADV
cblr-2946	808	8	detailed	detailed	ADJ
cblr-2946	808	9	for	for	ADP
cblr-2946	808	10	many	many	ADJ
cblr-2946	808	11	of	of	ADP
cblr-2946	808	12	those	those	DET
cblr-2946	808	13	investors	investor	NOUN
cblr-2946	808	14	,	,	PUNCT
cblr-2946	808	15	even	even	ADV
cblr-2946	808	16	institutional	institutional	ADJ
cblr-2946	808	17	investors	investor	NOUN
cblr-2946	808	18	,	,	PUNCT
cblr-2946	808	19	to	to	PART
cblr-2946	808	20	understand	understand	VERB
cblr-2946	808	21	and	and	CCONJ
cblr-2946	808	22	assimilate	assimilate	VERB
cblr-2946	808	23	,	,	PUNCT
cblr-2946	808	24	or	or	CCONJ
cblr-2946	808	25	too	too	ADV
cblr-2946	808	26	superficial	superficial	ADJ
cblr-2946	808	27	to	to	PART
cblr-2946	808	28	allow	allow	VERB
cblr-2946	808	29	investors	investor	NOUN
cblr-2946	808	30	to	to	PART
cblr-2946	808	31	fully	fully	ADV
cblr-2946	808	32	assess	assess	VERB
cblr-2946	808	33	the	the	DET
cblr-2946	808	34	transaction	transaction	NOUN
cblr-2946	808	35	and	and	CCONJ
cblr-2946	808	36	its	its	PRON
cblr-2946	808	37	ramifications	ramification	NOUN
cblr-2946	808	38	....	....	PUNCT
cblr-2946	809	1	those	those	DET
cblr-2946	809	2	investors	investor	NOUN
cblr-2946	809	3	are	be	AUX
cblr-2946	809	4	,	,	PUNCT
cblr-2946	809	5	of	of	ADP
cblr-2946	809	6	course	course	NOUN
cblr-2946	809	7	,	,	PUNCT
cblr-2946	809	8	the	the	DET
cblr-2946	809	9	originator	originator	NOUN
cblr-2946	809	10	's	's	PART
cblr-2946	809	11	shareholders	shareholder	NOUN
cblr-2946	809	12	and	and	CCONJ
cblr-2946	809	13	bondholders	bondholder	NOUN
cblr-2946	809	14	....	....	PUNCT
cblr-2946	810	1	they	they	PRON
cblr-2946	810	2	should	should	AUX
cblr-2946	810	3	be	be	AUX
cblr-2946	810	4	distinguished	distinguish	VERB
cblr-2946	810	5	from	from	ADP
cblr-2946	810	6	the	the	DET
cblr-2946	810	7	very	very	ADV
cblr-2946	810	8	narrow	narrow	ADJ
cblr-2946	810	9	and	and	CCONJ
cblr-2946	810	10	highly	highly	ADV
cblr-2946	810	11	specialized	specialized	ADJ
cblr-2946	810	12	class	class	NOUN
cblr-2946	810	13	of	of	ADP
cblr-2946	810	14	sophisticated	sophisticated	ADJ
cblr-2946	810	15	investors	investor	NOUN
cblr-2946	810	16	in	in	ADP
cblr-2946	810	17	securities	security	NOUN
cblr-2946	810	18	issued	issue	VERB
cblr-2946	810	19	by	by	ADP
cblr-2946	810	20	the	the	DET
cblr-2946	810	21	spes	spe	NOUN
cblr-2946	810	22	that	that	PRON
cblr-2946	810	23	are	be	AUX
cblr-2946	810	24	parties	party	NOUN
cblr-2946	810	25	to	to	ADP
cblr-2946	810	26	the	the	DET
cblr-2946	810	27	originators	originator	NOUN
cblr-2946	810	28	structured	structure	VERB
cblr-2946	810	29	transactions	transaction	NOUN
cblr-2946	810	30	.	.	PUNCT
cblr-2946	811	1	"	"	PUNCT
cblr-2946	811	2	)	)	PUNCT
cblr-2946	811	3	.	.	PUNCT
cblr-2946	812	1	22	22	NUM
cblr-2946	812	2	"	"	PUNCT
cblr-2946	812	3	see	see	VERB
cblr-2946	812	4	steven	steven	PROPN
cblr-2946	812	5	l.	l.	PROPN
cblr-2946	812	6	schwarcz	schwarcz	PROPN
cblr-2946	812	7	,	,	PUNCT
cblr-2946	812	8	complexity	complexity	NOUN
cblr-2946	812	9	as	as	ADP
cblr-2946	812	10	a	a	DET
cblr-2946	812	11	catalyst	catalyst	NOUN
cblr-2946	812	12	of	of	ADP
cblr-2946	812	13	market	market	NOUN
cblr-2946	812	14	failure	failure	NOUN
cblr-2946	812	15	13	13	NUM
cblr-2946	812	16	(	(	PUNCT
cblr-2946	812	17	duke	duke	PROPN
cblr-2946	812	18	law	law	PROPN
cblr-2946	812	19	sch	sch	PROPN
cblr-2946	812	20	.	.	PUNCT
cblr-2946	813	1	pub	pub	NOUN
cblr-2946	813	2	.	.	PUNCT
cblr-2946	814	1	law	law	NOUN
cblr-2946	814	2	&	&	CCONJ
cblr-2946	814	3	legal	legal	ADJ
cblr-2946	814	4	theory	theory	NOUN
cblr-2946	814	5	paper	paper	NOUN
cblr-2946	814	6	,	,	PUNCT
cblr-2946	814	7	paper	paper	NOUN
cblr-2946	814	8	no	no	NOUN
cblr-2946	814	9	.	.	PROPN
cblr-2946	814	10	217	217	NUM
cblr-2946	814	11	,	,	PUNCT
cblr-2946	814	12	2009	2009	NUM
cblr-2946	814	13	)	)	PUNCT
cblr-2946	814	14	,	,	PUNCT
cblr-2946	814	15	available	available	ADJ
cblr-2946	814	16	at	at	ADP
cblr-2946	814	17	http://ssrn.com/abstract=1240863	http://ssrn.com/abstract=1240863	NOUN
cblr-2946	814	18	(	(	PUNCT
cblr-2946	814	19	discussing	discuss	VERB
cblr-2946	814	20	how	how	SCONJ
cblr-2946	814	21	investment	investment	NOUN
cblr-2946	814	22	analysts	analyst	NOUN
cblr-2946	814	23	may	may	AUX
cblr-2946	814	24	rely	rely	VERB
cblr-2946	814	25	on	on	ADP
cblr-2946	814	26	ratings	rating	NOUN
cblr-2946	814	27	as	as	ADP
cblr-2946	814	28	a	a	DET
cblr-2946	814	29	simple	simple	ADJ
cblr-2946	814	30	heuristic	heuristic	NOUN
cblr-2946	814	31	)	)	PUNCT
cblr-2946	814	32	.	.	PUNCT
cblr-2946	815	1	230	230	NUM
cblr-2946	815	2	see	see	VERB
cblr-2946	815	3	aaron	aaron	PROPN
cblr-2946	815	4	lucchetti	lucchetti	PROPN
cblr-2946	815	5	,	,	PUNCT
cblr-2946	815	6	kara	kara	PROPN
cblr-2946	815	7	scannell	scannell	PROPN
cblr-2946	815	8	&	&	CCONJ
cblr-2946	815	9	craig	craig	PROPN
cblr-2946	815	10	karmin	karmin	PROPN
cblr-2946	815	11	,	,	PUNCT
cblr-2946	815	12	sec	sec	PROPN
cblr-2946	815	13	aims	aim	VERB
cblr-2946	815	14	to	to	PART
cblr-2946	815	15	rein	rein	VERB
cblr-2946	815	16	in	in	ADP
cblr-2946	815	17	the	the	DET
cblr-2946	815	18	role	role	NOUN
cblr-2946	815	19	of	of	ADP
cblr-2946	815	20	ratings	rating	NOUN
cblr-2946	815	21	,	,	PUNCT
cblr-2946	815	22	wall	wall	PROPN
cblr-2946	815	23	st	st	PROPN
cblr-2946	815	24	.	.	PROPN
cblr-2946	815	25	j.	j.	PROPN
cblr-2946	815	26	,	,	PUNCT
cblr-2946	815	27	june	june	PROPN
cblr-2946	815	28	24	24	NUM
cblr-2946	815	29	,	,	PUNCT
cblr-2946	815	30	2008	2008	NUM
cblr-2946	815	31	,	,	PUNCT
cblr-2946	815	32	at	at	ADP
cblr-2946	815	33	cl	cl	NOUN
cblr-2946	815	34	;	;	PUNCT
cblr-2946	815	35	lahart	lahart	NOUN
cblr-2946	815	36	,	,	PUNCT
cblr-2946	815	37	supra	supra	PROPN
cblr-2946	815	38	note	note	PROPN
cblr-2946	815	39	35	35	NUM
cblr-2946	815	40	(	(	PUNCT
cblr-2946	815	41	noting	note	VERB
cblr-2946	815	42	that	that	SCONJ
cblr-2946	815	43	mbs	mb	NOUN
cblr-2946	815	44	and	and	CCONJ
cblr-2946	815	45	mortgage	mortgage	NOUN
cblr-2946	815	46	-	-	PUNCT
cblr-2946	815	47	backed	back	VERB
cblr-2946	815	48	cdos	cdo	NOUN
cblr-2946	815	49	were	be	AUX
cblr-2946	815	50	popular	popular	ADJ
cblr-2946	815	51	because	because	SCONJ
cblr-2946	815	52	they	they	PRON
cblr-2946	815	53	offered	offer	VERB
cblr-2946	815	54	higher	high	ADJ
cblr-2946	815	55	rates	rate	NOUN
cblr-2946	815	56	of	of	ADP
cblr-2946	815	57	return	return	NOUN
cblr-2946	815	58	than	than	ADP
cblr-2946	815	59	similarly	similarly	ADV
cblr-2946	815	60	rated	rate	VERB
cblr-2946	815	61	traditional	traditional	ADJ
cblr-2946	815	62	bonds	bond	NOUN
cblr-2946	815	63	)	)	PUNCT
cblr-2946	815	64	.	.	PUNCT
cblr-2946	816	1	4	4	X
cblr-2946	816	2	.	.	X
cblr-2946	816	3	ratings	rating	NOUN
cblr-2946	816	4	-	-	PUNCT
cblr-2946	816	5	based	base	VERB
cblr-2946	816	6	regulation	regulation	NOUN
cblr-2946	816	7	finally	finally	ADV
cblr-2946	816	8	,	,	PUNCT
cblr-2946	816	9	even	even	ADV
cblr-2946	816	10	if	if	SCONJ
cblr-2946	816	11	cras	cras	X
cblr-2946	816	12	fully	fully	ADV
cblr-2946	816	13	and	and	CCONJ
cblr-2946	816	14	fairly	fairly	ADV
cblr-2946	816	15	disclosed	disclose	VERB
cblr-2946	816	16	all	all	DET
cblr-2946	816	17	information	information	NOUN
cblr-2946	816	18	necessary	necessary	ADJ
cblr-2946	816	19	for	for	SCONJ
cblr-2946	816	20	investors	investor	NOUN
cblr-2946	816	21	to	to	PART
cblr-2946	816	22	adequately	adequately	ADV
cblr-2946	816	23	perceive	perceive	VERB
cblr-2946	816	24	how	how	SCONJ
cblr-2946	816	25	and	and	CCONJ
cblr-2946	816	26	to	to	ADP
cblr-2946	816	27	what	what	DET
cblr-2946	816	28	extent	extent	NOUN
cblr-2946	816	29	the	the	DET
cblr-2946	816	30	issuer	issuer	NOUN
cblr-2946	816	31	pays	pay	VERB
cblr-2946	816	32	conflict	conflict	NOUN
cblr-2946	816	33	impacted	impact	VERB
cblr-2946	816	34	the	the	DET
cblr-2946	816	35	agencies	agency	NOUN
cblr-2946	816	36	'	'	PART
cblr-2946	816	37	ratings	rating	NOUN
cblr-2946	816	38	,	,	PUNCT
cblr-2946	816	39	disclosure	disclosure	NOUN
cblr-2946	816	40	can	can	AUX
cblr-2946	816	41	only	only	ADV
cblr-2946	816	42	deter	deter	VERB
cblr-2946	816	43	cras	cra	NOUN
cblr-2946	816	44	to	to	ADP
cblr-2946	816	45	the	the	DET
cblr-2946	816	46	extent	extent	NOUN
cblr-2946	816	47	investors	investor	NOUN
cblr-2946	816	48	can	can	AUX
cblr-2946	816	49	penalize	penalize	VERB
cblr-2946	816	50	them	they	PRON
cblr-2946	816	51	for	for	ADP
cblr-2946	816	52	producing	produce	VERB
cblr-2946	816	53	low	low	ADJ
cblr-2946	816	54	integrity	integrity	NOUN
cblr-2946	816	55	ratings	rating	NOUN
cblr-2946	816	56	.	.	PUNCT
cblr-2946	817	1	the	the	DET
cblr-2946	817	2	ability	ability	NOUN
cblr-2946	817	3	to	to	PART
cblr-2946	817	4	punish	punish	VERB
cblr-2946	817	5	cras	cras	PROPN
cblr-2946	817	6	in	in	ADP
cblr-2946	817	7	this	this	DET
cblr-2946	817	8	manner	manner	NOUN
cblr-2946	817	9	requires	require	VERB
cblr-2946	817	10	a	a	DET
cblr-2946	817	11	functioning	function	VERB
cblr-2946	817	12	market	market	NOUN
cblr-2946	817	13	mechanism	mechanism	NOUN
cblr-2946	817	14	,	,	PUNCT
cblr-2946	817	15	and	and	CCONJ
cblr-2946	817	16	the	the	DET
cblr-2946	817	17	prevalence	prevalence	NOUN
cblr-2946	817	18	of	of	ADP
cblr-2946	817	19	incorporating	incorporate	VERB
cblr-2946	817	20	credit	credit	NOUN
cblr-2946	817	21	ratings	rating	NOUN
cblr-2946	817	22	in	in	ADP
cblr-2946	817	23	regulatory	regulatory	ADJ
cblr-2946	817	24	frameworks	framework	NOUN
cblr-2946	817	25	may	may	AUX
cblr-2946	817	26	impair	impair	VERB
cblr-2946	817	27	this	this	DET
cblr-2946	817	28	market	market	NOUN
cblr-2946	817	29	mechanism.231	mechanism.231	PROPN
cblr-2946	817	30	unless	unless	SCONJ
cblr-2946	817	31	investors	investor	NOUN
cblr-2946	817	32	can	can	AUX
cblr-2946	817	33	force	force	VERB
cblr-2946	817	34	issuers	issuer	NOUN
cblr-2946	817	35	to	to	PART
cblr-2946	817	36	withdraw	withdraw	VERB
cblr-2946	817	37	business	business	NOUN
cblr-2946	817	38	from	from	ADP
cblr-2946	817	39	rating	rating	NOUN
cblr-2946	817	40	agencies	agency	NOUN
cblr-2946	817	41	that	that	PRON
cblr-2946	817	42	compromise	compromise	VERB
cblr-2946	817	43	their	their	PRON
cblr-2946	817	44	ratings	rating	NOUN
cblr-2946	817	45	,	,	PUNCT
cblr-2946	817	46	disclosure	disclosure	NOUN
cblr-2946	817	47	will	will	AUX
cblr-2946	817	48	not	not	PART
cblr-2946	817	49	produce	produce	VERB
cblr-2946	817	50	optimal	optimal	ADJ
cblr-2946	817	51	incentives	incentive	NOUN
cblr-2946	817	52	for	for	SCONJ
cblr-2946	817	53	cras	cras	PROPN
cblr-2946	817	54	to	to	PART
cblr-2946	817	55	maintain	maintain	VERB
cblr-2946	817	56	integrity	integrity	NOUN
cblr-2946	817	57	in	in	ADP
cblr-2946	817	58	their	their	PRON
cblr-2946	817	59	ratings	rating	NOUN
cblr-2946	817	60	processes	process	NOUN
cblr-2946	817	61	.	.	PUNCT
cblr-2946	818	1	v.	v.	ADP
cblr-2946	818	2	performance	performance	NOUN
cblr-2946	818	3	-	-	PUNCT
cblr-2946	818	4	based	base	VERB
cblr-2946	818	5	sanctions	sanction	NOUN
cblr-2946	818	6	as	as	ADP
cblr-2946	818	7	a	a	DET
cblr-2946	818	8	solution	solution	NOUN
cblr-2946	818	9	?	?	PUNCT
cblr-2946	819	1	if	if	SCONJ
cblr-2946	819	2	it	it	PRON
cblr-2946	819	3	is	be	AUX
cblr-2946	819	4	true	true	ADJ
cblr-2946	819	5	that	that	SCONJ
cblr-2946	819	6	the	the	DET
cblr-2946	819	7	current	current	ADJ
cblr-2946	819	8	regulatory	regulatory	ADJ
cblr-2946	819	9	focus	focus	NOUN
cblr-2946	819	10	on	on	ADP
cblr-2946	819	11	disclosure	disclosure	NOUN
cblr-2946	819	12	is	be	AUX
cblr-2946	819	13	unlikely	unlikely	ADJ
cblr-2946	819	14	to	to	PART
cblr-2946	819	15	convey	convey	VERB
cblr-2946	819	16	adequate	adequate	ADJ
cblr-2946	819	17	costs	cost	NOUN
cblr-2946	819	18	on	on	ADP
cblr-2946	819	19	cras	cras	X
cblr-2946	819	20	to	to	PART
cblr-2946	819	21	deter	deter	VERB
cblr-2946	819	22	them	they	PRON
cblr-2946	819	23	from	from	ADP
cblr-2946	819	24	inflating	inflate	VERB
cblr-2946	819	25	ratings	rating	NOUN
cblr-2946	819	26	on	on	ADP
cblr-2946	819	27	structured	structured	ADJ
cblr-2946	819	28	finance	finance	NOUN
cblr-2946	819	29	products	product	NOUN
cblr-2946	819	30	,	,	PUNCT
cblr-2946	819	31	what	what	PRON
cblr-2946	819	32	can	can	AUX
cblr-2946	819	33	regulators	regulator	NOUN
cblr-2946	819	34	do	do	VERB
cblr-2946	819	35	to	to	PART
cblr-2946	819	36	fix	fix	VERB
cblr-2946	819	37	this	this	DET
cblr-2946	819	38	problem	problem	NOUN
cblr-2946	819	39	?	?	PUNCT
cblr-2946	820	1	that	that	PRON
cblr-2946	820	2	is	be	AUX
cblr-2946	820	3	,	,	PUNCT
cblr-2946	820	4	what	what	DET
cblr-2946	820	5	regulatory	regulatory	ADJ
cblr-2946	820	6	mechanism	mechanism	NOUN
cblr-2946	820	7	could	could	AUX
cblr-2946	820	8	they	they	PRON
cblr-2946	820	9	adopt	adopt	VERB
cblr-2946	820	10	to	to	PART
cblr-2946	820	11	impose	impose	VERB
cblr-2946	820	12	costs	cost	NOUN
cblr-2946	820	13	on	on	ADP
cblr-2946	820	14	the	the	DET
cblr-2946	820	15	agencies	agency	NOUN
cblr-2946	820	16	that	that	PRON
cblr-2946	820	17	will	will	AUX
cblr-2946	820	18	,	,	PUNCT
cblr-2946	820	19	in	in	ADP
cblr-2946	820	20	a	a	DET
cblr-2946	820	21	sense	sense	NOUN
cblr-2946	820	22	,	,	PUNCT
cblr-2946	820	23	cancel	cancel	VERB
cblr-2946	820	24	out	out	ADP
cblr-2946	820	25	any	any	DET
cblr-2946	820	26	gains	gain	NOUN
cblr-2946	820	27	that	that	PRON
cblr-2946	820	28	result	result	VERB
cblr-2946	820	29	from	from	ADP
cblr-2946	820	30	compromising	compromise	VERB
cblr-2946	820	31	the	the	DET
cblr-2946	820	32	integrity	integrity	NOUN
cblr-2946	820	33	of	of	ADP
cblr-2946	820	34	their	their	PRON
cblr-2946	820	35	ratings	rating	NOUN
cblr-2946	820	36	process	process	NOUN
cblr-2946	820	37	?	?	PUNCT
cblr-2946	821	1	one	one	NUM
cblr-2946	821	2	possible	possible	ADJ
cblr-2946	821	3	solution	solution	NOUN
cblr-2946	821	4	is	be	AUX
cblr-2946	821	5	to	to	PART
cblr-2946	821	6	subject	subject	VERB
cblr-2946	821	7	cras	cra	NOUN
cblr-2946	821	8	to	to	ADP
cblr-2946	821	9	some	some	DET
cblr-2946	821	10	sort	sort	NOUN
cblr-2946	821	11	of	of	ADP
cblr-2946	821	12	sanction	sanction	NOUN
cblr-2946	821	13	if	if	SCONJ
cblr-2946	821	14	it	it	PRON
cblr-2946	821	15	is	be	AUX
cblr-2946	821	16	shown	show	VERB
cblr-2946	821	17	on	on	ADP
cblr-2946	821	18	an	an	DET
cblr-2946	821	19	ex	ex	X
cblr-2946	821	20	post	post	NOUN
cblr-2946	821	21	basis	basis	NOUN
cblr-2946	821	22	that	that	SCONJ
cblr-2946	821	23	an	an	DET
cblr-2946	821	24	agency	agency	NOUN
cblr-2946	821	25	's	's	PART
cblr-2946	821	26	ratings	rating	NOUN
cblr-2946	821	27	were	be	AUX
cblr-2946	821	28	too	too	ADV
cblr-2946	821	29	high	high	ADJ
cblr-2946	821	30	.	.	PUNCT
cblr-2946	822	1	this	this	DET
cblr-2946	822	2	note	note	NOUN
cblr-2946	822	3	refers	refer	VERB
cblr-2946	822	4	to	to	ADP
cblr-2946	822	5	these	these	DET
cblr-2946	822	6	types	type	NOUN
cblr-2946	822	7	of	of	ADP
cblr-2946	822	8	penalties	penalty	NOUN
cblr-2946	822	9	as	as	ADP
cblr-2946	822	10	performance	performance	NOUN
cblr-2946	822	11	-	-	PUNCT
cblr-2946	822	12	based	base	VERB
cblr-2946	822	13	sanctions	sanction	NOUN
cblr-2946	822	14	.	.	PUNCT
cblr-2946	823	1	indeed	indeed	ADV
cblr-2946	823	2	,	,	PUNCT
cblr-2946	823	3	two	two	NUM
cblr-2946	823	4	scholars	scholar	NOUN
cblr-2946	823	5	,	,	PUNCT
cblr-2946	823	6	professor	professor	NOUN
cblr-2946	823	7	john	john	PROPN
cblr-2946	823	8	coffee	coffee	PROPN
cblr-2946	823	9	and	and	CCONJ
cblr-2946	823	10	john	john	PROPN
cblr-2946	823	11	patrick	patrick	PROPN
cblr-2946	823	12	hunt	hunt	PROPN
cblr-2946	823	13	,	,	PUNCT
cblr-2946	823	14	have	have	AUX
cblr-2946	823	15	proposed	propose	VERB
cblr-2946	823	16	solutions	solution	NOUN
cblr-2946	823	17	since	since	SCONJ
cblr-2946	823	18	the	the	DET
cblr-2946	823	19	onset	onset	NOUN
cblr-2946	823	20	of	of	ADP
cblr-2946	823	21	the	the	DET
cblr-2946	823	22	credit	credit	NOUN
cblr-2946	823	23	crisis	crisis	NOUN
cblr-2946	823	24	that	that	PRON
cblr-2946	823	25	would	would	AUX
cblr-2946	823	26	impose	impose	VERB
cblr-2946	823	27	this	this	DET
cblr-2946	823	28	sort	sort	NOUN
cblr-2946	823	29	of	of	ADP
cblr-2946	823	30	penalty	penalty	NOUN
cblr-2946	823	31	on	on	ADP
cblr-2946	823	32	cras	cras	PROPN
cblr-2946	823	33	if	if	SCONJ
cblr-2946	823	34	their	their	PRON
cblr-2946	823	35	ratings	rating	NOUN
cblr-2946	823	36	21	21	NUM
cblr-2946	823	37	coffee	coffee	NOUN
cblr-2946	823	38	,	,	PUNCT
cblr-2946	823	39	supra	supra	PROPN
cblr-2946	823	40	note	note	NOUN
cblr-2946	823	41	2	2	NUM
cblr-2946	823	42	(	(	PUNCT
cblr-2946	823	43	"	"	PUNCT
cblr-2946	823	44	[	[	X
cblr-2946	823	45	blecause	blecause	NOUN
cblr-2946	823	46	the	the	DET
cblr-2946	823	47	ratings	rating	NOUN
cblr-2946	823	48	agency	agency	NOUN
cblr-2946	823	49	has	have	AUX
cblr-2946	823	50	a	a	DET
cblr-2946	823	51	de	de	X
cblr-2946	823	52	facto	facto	X
cblr-2946	823	53	licensing	licensing	NOUN
cblr-2946	823	54	power	power	NOUN
cblr-2946	823	55	,	,	PUNCT
cblr-2946	823	56	the	the	DET
cblr-2946	823	57	issuer	issuer	NOUN
cblr-2946	823	58	needs	need	VERB
cblr-2946	823	59	its	its	PRON
cblr-2946	823	60	rating	rating	NOUN
cblr-2946	823	61	even	even	ADV
cblr-2946	823	62	if	if	SCONJ
cblr-2946	823	63	the	the	DET
cblr-2946	823	64	market	market	NOUN
cblr-2946	823	65	distrusts	distrust	VERB
cblr-2946	823	66	the	the	DET
cblr-2946	823	67	rating	rating	NOUN
cblr-2946	823	68	's	's	PART
cblr-2946	823	69	informational	informational	ADJ
cblr-2946	823	70	value	value	NOUN
cblr-2946	823	71	.	.	PUNCT
cblr-2946	823	72	"	"	PUNCT
cblr-2946	823	73	)	)	PUNCT
cblr-2946	823	74	.	.	PUNCT
cblr-2946	824	1	see	see	VERB
cblr-2946	824	2	also	also	ADV
cblr-2946	824	3	supra	supra	VERB
cblr-2946	824	4	part	part	NOUN
cblr-2946	824	5	iii.a	iii.a	PROPN
cblr-2946	824	6	.	.	PROPN
cblr-2946	825	1	1	1	NUM
cblr-2946	825	2	.	.	X
cblr-2946	825	3	col	col	PROPN
cblr-2946	825	4	umbia	umbia	PROPN
cblr-2946	826	1	b	b	PROPN
cblr-2946	827	1	usiness	usiness	PROPN
cblr-2946	827	2	la	la	PROPN
cblr-2946	827	3	w	w	PROPN
cblr-2946	827	4	re	re	PROPN
cblr-2946	827	5	vie	vie	PROPN
cblr-2946	827	6	w	w	PROPN
cblr-2946	828	1	[	[	X
cblr-2946	828	2	vol	vol	NOUN
cblr-2946	828	3	.	.	PUNCT
cblr-2946	828	4	2009	2009	NUM
cblr-2946	828	5	no	no	NOUN
cblr-2946	828	6	.	.	PUNCT
cblr-2946	829	1	2:605	2:605	NUM
cblr-2946	829	2	]	]	X
cblr-2946	829	3	credit	credit	NOUN
cblr-2946	829	4	ra	ra	PROPN
cblr-2946	829	5	ting	ting	PROPN
cblr-2946	829	6	agencies	agency	NOUN
cblr-2946	829	7	and	and	CCONJ
cblr-2946	829	8	the	the	DET
cblr-2946	829	9	credit	credit	NOUN
cblr-2946	829	10	crisis	crisis	NOUN
cblr-2946	829	11	659	659	NUM
cblr-2946	829	12	were	be	AUX
cblr-2946	829	13	shown	show	VERB
cblr-2946	829	14	to	to	PART
cblr-2946	829	15	be	be	AUX
cblr-2946	829	16	of	of	ADP
cblr-2946	829	17	low	low	ADJ
cblr-2946	829	18	quality	quality	NOUN
cblr-2946	829	19	over	over	ADP
cblr-2946	829	20	time.232	time.232	NOUN
cblr-2946	829	21	the	the	DET
cblr-2946	829	22	remainder	remainder	NOUN
cblr-2946	829	23	of	of	ADP
cblr-2946	829	24	this	this	DET
cblr-2946	829	25	note	note	NOUN
cblr-2946	829	26	will	will	AUX
cblr-2946	829	27	review	review	VERB
cblr-2946	829	28	professor	professor	NOUN
cblr-2946	829	29	coffee	coffee	NOUN
cblr-2946	829	30	's	's	PART
cblr-2946	829	31	proposal	proposal	NOUN
cblr-2946	829	32	(	(	PUNCT
cblr-2946	829	33	the	the	DET
cblr-2946	829	34	"	"	PUNCT
cblr-2946	829	35	coffee	coffee	NOUN
cblr-2946	829	36	proposal	proposal	NOUN
cblr-2946	829	37	"	"	PUNCT
cblr-2946	829	38	)	)	PUNCT
cblr-2946	829	39	and	and	CCONJ
cblr-2946	829	40	mr	mr	PROPN
cblr-2946	829	41	.	.	PROPN
cblr-2946	829	42	hunt	hunt	PROPN
cblr-2946	829	43	's	's	PART
cblr-2946	829	44	proposal	proposal	NOUN
cblr-2946	829	45	(	(	PUNCT
cblr-2946	829	46	the	the	DET
cblr-2946	829	47	"	"	PUNCT
cblr-2946	829	48	hunt	hunt	NOUN
cblr-2946	829	49	proposal	proposal	NOUN
cblr-2946	829	50	"	"	PUNCT
cblr-2946	829	51	)	)	PUNCT
cblr-2946	829	52	to	to	PART
cblr-2946	829	53	explore	explore	VERB
cblr-2946	829	54	generally	generally	ADV
cblr-2946	829	55	the	the	DET
cblr-2946	829	56	desirability	desirability	NOUN
cblr-2946	829	57	of	of	ADP
cblr-2946	829	58	a	a	DET
cblr-2946	829	59	performance	performance	NOUN
cblr-2946	829	60	-	-	PUNCT
cblr-2946	829	61	based	base	VERB
cblr-2946	829	62	sanction	sanction	NOUN
cblr-2946	829	63	and	and	CCONJ
cblr-2946	829	64	whether	whether	SCONJ
cblr-2946	829	65	either	either	DET
cblr-2946	829	66	suggested	suggest	VERB
cblr-2946	829	67	solution	solution	NOUN
cblr-2946	829	68	might	might	AUX
cblr-2946	829	69	convey	convey	VERB
cblr-2946	829	70	an	an	DET
cblr-2946	829	71	appropriate	appropriate	ADJ
cblr-2946	829	72	cost	cost	NOUN
cblr-2946	829	73	on	on	ADP
cblr-2946	829	74	the	the	DET
cblr-2946	829	75	cras	cras	X
cblr-2946	829	76	for	for	ADP
cblr-2946	829	77	issuing	issue	VERB
cblr-2946	829	78	inflated	inflated	ADJ
cblr-2946	829	79	ratings	rating	NOUN
cblr-2946	829	80	.	.	PUNCT
cblr-2946	830	1	before	before	ADP
cblr-2946	830	2	reviewing	review	VERB
cblr-2946	830	3	these	these	DET
cblr-2946	830	4	proposals	proposal	NOUN
cblr-2946	830	5	,	,	PUNCT
cblr-2946	830	6	it	it	PRON
cblr-2946	830	7	is	be	AUX
cblr-2946	830	8	worth	worth	ADJ
cblr-2946	830	9	stopping	stop	VERB
cblr-2946	830	10	to	to	PART
cblr-2946	830	11	consider	consider	VERB
cblr-2946	830	12	whether	whether	SCONJ
cblr-2946	830	13	policymakers	policymaker	NOUN
cblr-2946	830	14	should	should	AUX
cblr-2946	830	15	make	make	VERB
cblr-2946	830	16	any	any	DET
cblr-2946	830	17	regulatory	regulatory	ADJ
cblr-2946	830	18	changes	change	NOUN
cblr-2946	830	19	to	to	PART
cblr-2946	830	20	(	(	PUNCT
cblr-2946	830	21	try	try	VERB
cblr-2946	830	22	to	to	PART
cblr-2946	830	23	)	)	PUNCT
cblr-2946	830	24	prevent	prevent	VERB
cblr-2946	830	25	cras	cra	NOUN
cblr-2946	830	26	from	from	ADP
cblr-2946	830	27	issuing	issue	VERB
cblr-2946	830	28	low	low	ADJ
cblr-2946	830	29	integrity	integrity	NOUN
cblr-2946	830	30	ratings	rating	NOUN
cblr-2946	830	31	in	in	ADP
cblr-2946	830	32	the	the	DET
cblr-2946	830	33	future	future	NOUN
cblr-2946	830	34	.	.	PUNCT
cblr-2946	831	1	the	the	DET
cblr-2946	831	2	question	question	NOUN
cblr-2946	831	3	is	be	AUX
cblr-2946	831	4	whether	whether	SCONJ
cblr-2946	831	5	what	what	PRON
cblr-2946	831	6	happened	happen	VERB
cblr-2946	831	7	with	with	ADP
cblr-2946	831	8	structured	structured	ADJ
cblr-2946	831	9	finance	finance	NOUN
cblr-2946	831	10	ratings	rating	NOUN
cblr-2946	831	11	during	during	ADP
cblr-2946	831	12	the	the	DET
cblr-2946	831	13	credit	credit	NOUN
cblr-2946	831	14	crisis	crisis	NOUN
cblr-2946	831	15	was	be	AUX
cblr-2946	831	16	a	a	DET
cblr-2946	831	17	relatively	relatively	ADV
cblr-2946	831	18	short	short	ADJ
cblr-2946	831	19	-	-	PUNCT
cblr-2946	831	20	term	term	NOUN
cblr-2946	831	21	problem	problem	NOUN
cblr-2946	831	22	that	that	PRON
cblr-2946	831	23	will	will	AUX
cblr-2946	831	24	essentially	essentially	ADV
cblr-2946	831	25	correct	correct	VERB
cblr-2946	831	26	itself	itself	PRON
cblr-2946	831	27	without	without	ADP
cblr-2946	831	28	government	government	NOUN
cblr-2946	831	29	intervention	intervention	NOUN
cblr-2946	831	30	.	.	PUNCT
cblr-2946	832	1	along	along	ADP
cblr-2946	832	2	these	these	DET
cblr-2946	832	3	lines	line	NOUN
cblr-2946	832	4	,	,	PUNCT
cblr-2946	832	5	the	the	DET
cblr-2946	832	6	problem	problem	NOUN
cblr-2946	832	7	will	will	AUX
cblr-2946	832	8	naturally	naturally	ADV
cblr-2946	832	9	abate	abate	VERB
cblr-2946	832	10	for	for	ADP
cblr-2946	832	11	at	at	ADP
cblr-2946	832	12	least	least	ADJ
cblr-2946	832	13	some	some	PRON
cblr-2946	832	14	period	period	NOUN
cblr-2946	832	15	since	since	SCONJ
cblr-2946	832	16	the	the	DET
cblr-2946	832	17	market	market	NOUN
cblr-2946	832	18	for	for	ADP
cblr-2946	832	19	structured	structured	ADJ
cblr-2946	832	20	products	product	NOUN
cblr-2946	832	21	has	have	AUX
cblr-2946	832	22	contracted	contract	VERB
cblr-2946	832	23	.	.	PUNCT
cblr-2946	833	1	3	3	NUM
cblr-2946	833	2	indeed	indeed	ADV
cblr-2946	833	3	,	,	PUNCT
cblr-2946	833	4	if	if	SCONJ
cblr-2946	833	5	the	the	DET
cblr-2946	833	6	market	market	NOUN
cblr-2946	833	7	bubble	bubble	NOUN
cblr-2946	833	8	explanation	explanation	NOUN
cblr-2946	833	9	is	be	AUX
cblr-2946	833	10	the	the	DET
cblr-2946	833	11	dominant	dominant	ADJ
cblr-2946	833	12	reason	reason	NOUN
cblr-2946	833	13	why	why	SCONJ
cblr-2946	833	14	cras	cras	PROPN
cblr-2946	833	15	failed	fail	VERB
cblr-2946	833	16	investors	investor	NOUN
cblr-2946	833	17	during	during	ADP
cblr-2946	833	18	this	this	DET
cblr-2946	833	19	structured	structured	ADJ
cblr-2946	833	20	finance	finance	NOUN
cblr-2946	833	21	boom	boom	NOUN
cblr-2946	833	22	,	,	PUNCT
cblr-2946	833	23	regulatory	regulatory	ADJ
cblr-2946	833	24	intervention	intervention	NOUN
cblr-2946	833	25	may	may	AUX
cblr-2946	833	26	be	be	AUX
cblr-2946	833	27	unnecessary	unnecessary	ADJ
cblr-2946	833	28	.	.	PUNCT
cblr-2946	834	1	34	34	NUM
cblr-2946	834	2	in	in	ADP
cblr-2946	834	3	addition	addition	NOUN
cblr-2946	834	4	,	,	PUNCT
cblr-2946	834	5	if	if	SCONJ
cblr-2946	834	6	cras	cras	PROPN
cblr-2946	834	7	fear	fear	VERB
cblr-2946	834	8	either	either	CCONJ
cblr-2946	834	9	market	market	NOUN
cblr-2946	834	10	or	or	CCONJ
cblr-2946	834	11	regulatory	regulatory	ADJ
cblr-2946	834	12	repercussions	repercussion	NOUN
cblr-2946	834	13	now	now	ADV
cblr-2946	834	14	that	that	SCONJ
cblr-2946	834	15	public	public	ADJ
cblr-2946	834	16	interest	interest	NOUN
cblr-2946	834	17	is	be	AUX
cblr-2946	834	18	focused	focus	VERB
cblr-2946	834	19	on	on	ADP
cblr-2946	834	20	them	they	PRON
cblr-2946	834	21	(	(	PUNCT
cblr-2946	834	22	and	and	CCONJ
cblr-2946	834	23	particularly	particularly	ADV
cblr-2946	834	24	focused	focus	VERB
cblr-2946	834	25	on	on	ADP
cblr-2946	834	26	the	the	DET
cblr-2946	834	27	conflicts	conflict	NOUN
cblr-2946	834	28	issue	issue	NOUN
cblr-2946	834	29	)	)	PUNCT
cblr-2946	834	30	,	,	PUNCT
cblr-2946	834	31	the	the	DET
cblr-2946	834	32	firms	firm	NOUN
cblr-2946	834	33	may	may	AUX
cblr-2946	834	34	correct	correct	VERB
cblr-2946	834	35	the	the	DET
cblr-2946	834	36	problem	problem	NOUN
cblr-2946	834	37	on	on	ADP
cblr-2946	834	38	their	their	PRON
cblr-2946	834	39	own.2	own.2	NOUN
cblr-2946	834	40	therefore	therefore	ADV
cblr-2946	834	41	,	,	PUNCT
cblr-2946	834	42	it	it	PRON
cblr-2946	834	43	232	232	NUM
cblr-2946	834	44	coffee	coffee	NOUN
cblr-2946	834	45	,	,	PUNCT
cblr-2946	834	46	supra	supra	PROPN
cblr-2946	834	47	note	note	NOUN
cblr-2946	834	48	2	2	NUM
cblr-2946	834	49	(	(	PUNCT
cblr-2946	834	50	outlining	outline	VERB
cblr-2946	834	51	proposal	proposal	NOUN
cblr-2946	834	52	)	)	PUNCT
cblr-2946	834	53	;	;	PUNCT
cblr-2946	834	54	coffee	coffee	NOUN
cblr-2946	834	55	,	,	PUNCT
cblr-2946	834	56	mortgage	mortgage	NOUN
cblr-2946	834	57	meltdown	meltdown	NOUN
cblr-2946	834	58	,	,	PUNCT
cblr-2946	834	59	supra	supra	PROPN
cblr-2946	834	60	note	note	NOUN
cblr-2946	834	61	9	9	NUM
cblr-2946	834	62	(	(	PUNCT
cblr-2946	834	63	outlining	outline	VERB
cblr-2946	834	64	proposal	proposal	NOUN
cblr-2946	834	65	)	)	PUNCT
cblr-2946	834	66	;	;	PUNCT
cblr-2946	834	67	hunt	hunt	NOUN
cblr-2946	834	68	,	,	PUNCT
cblr-2946	834	69	supra	supra	PROPN
cblr-2946	834	70	note	note	NOUN
cblr-2946	834	71	3	3	NUM
cblr-2946	834	72	,	,	PUNCT
cblr-2946	834	73	at	at	ADP
cblr-2946	834	74	182	182	NUM
cblr-2946	834	75	,	,	PUNCT
cblr-2946	834	76	200	200	NUM
cblr-2946	834	77	-	-	SYM
cblr-2946	834	78	09	09	NUM
cblr-2946	834	79	(	(	PUNCT
cblr-2946	834	80	outlining	outline	VERB
cblr-2946	834	81	proposal	proposal	NOUN
cblr-2946	834	82	and	and	CCONJ
cblr-2946	834	83	discussing	discuss	VERB
cblr-2946	834	84	implementation	implementation	NOUN
cblr-2946	834	85	)	)	PUNCT
cblr-2946	834	86	.	.	PUNCT
cblr-2946	835	1	233	233	NUM
cblr-2946	835	2	see	see	VERB
cblr-2946	835	3	aaron	aaron	PROPN
cblr-2946	835	4	lucchetti	lucchetti	PROPN
cblr-2946	835	5	&	&	CCONJ
cblr-2946	835	6	kara	kara	PROPN
cblr-2946	835	7	scannell	scannell	PROPN
cblr-2946	835	8	,	,	PUNCT
cblr-2946	835	9	moody	moody	PROPN
cblr-2946	835	10	's	's	PART
cblr-2946	835	11	,	,	PUNCT
cblr-2946	835	12	s&p	s&p	PROPN
cblr-2946	835	13	answer	answer	NOUN
cblr-2946	835	14	critics	critic	NOUN
cblr-2946	835	15	over	over	ADP
cblr-2946	835	16	bond	bond	NOUN
cblr-2946	835	17	calls	call	NOUN
cblr-2946	835	18	,	,	PUNCT
cblr-2946	835	19	wall	wall	PROPN
cblr-2946	835	20	st	st	PROPN
cblr-2946	835	21	.	.	PROPN
cblr-2946	835	22	j.	j.	PROPN
cblr-2946	835	23	,	,	PUNCT
cblr-2946	835	24	sept	sept	PROPN
cblr-2946	835	25	.	.	PROPN
cblr-2946	835	26	26	26	NUM
cblr-2946	835	27	,	,	PUNCT
cblr-2946	835	28	2007	2007	NUM
cblr-2946	835	29	,	,	PUNCT
cblr-2946	835	30	at	at	ADP
cblr-2946	835	31	c1	c1	PROPN
cblr-2946	835	32	(	(	PUNCT
cblr-2946	835	33	describing	describe	VERB
cblr-2946	835	34	how	how	SCONJ
cblr-2946	835	35	former	former	ADJ
cblr-2946	835	36	federal	federal	PROPN
cblr-2946	835	37	reserve	reserve	PROPN
cblr-2946	835	38	chairman	chairman	PROPN
cblr-2946	835	39	alan	alan	PROPN
cblr-2946	835	40	greenspan	greenspan	PROPN
cblr-2946	835	41	has	have	AUX
cblr-2946	835	42	said	say	VERB
cblr-2946	835	43	that	that	SCONJ
cblr-2946	835	44	more	more	ADJ
cblr-2946	835	45	regulations	regulation	NOUN
cblr-2946	835	46	for	for	ADP
cblr-2946	835	47	nrsros	nrsro	NOUN
cblr-2946	835	48	are	be	AUX
cblr-2946	835	49	unnecessary	unnecessary	ADJ
cblr-2946	835	50	because	because	SCONJ
cblr-2946	835	51	the	the	DET
cblr-2946	835	52	issuance	issuance	NOUN
cblr-2946	835	53	of	of	ADP
cblr-2946	835	54	structured	structured	ADJ
cblr-2946	835	55	finance	finance	NOUN
cblr-2946	835	56	products	product	NOUN
cblr-2946	835	57	will	will	AUX
cblr-2946	835	58	decline	decline	VERB
cblr-2946	835	59	due	due	ADJ
cblr-2946	835	60	to	to	ADP
cblr-2946	835	61	concerns	concern	NOUN
cblr-2946	835	62	over	over	ADP
cblr-2946	835	63	cras	cras	PROPN
cblr-2946	835	64	'	'	PART
cblr-2946	835	65	ability	ability	NOUN
cblr-2946	835	66	to	to	PART
cblr-2946	835	67	rate	rate	VERB
cblr-2946	835	68	the	the	DET
cblr-2946	835	69	products	product	NOUN
cblr-2946	835	70	)	)	PUNCT
cblr-2946	835	71	.	.	PUNCT
cblr-2946	836	1	21	21	NUM
cblr-2946	836	2	coffee	coffee	NOUN
cblr-2946	836	3	,	,	PUNCT
cblr-2946	836	4	gatekeeper	gatekeeper	NOUN
cblr-2946	836	5	failure	failure	NOUN
cblr-2946	836	6	,	,	PUNCT
cblr-2946	836	7	supra	supra	ADJ
cblr-2946	836	8	note	note	NOUN
cblr-2946	836	9	9	9	NUM
cblr-2946	836	10	,	,	PUNCT
cblr-2946	836	11	at	at	ADP
cblr-2946	836	12	330	330	NUM
cblr-2946	836	13	(	(	PUNCT
cblr-2946	836	14	noting	note	VERB
cblr-2946	836	15	that	that	SCONJ
cblr-2946	836	16	gatekeeper	gatekeeper	NOUN
cblr-2946	836	17	failure	failure	NOUN
cblr-2946	836	18	may	may	AUX
cblr-2946	836	19	be	be	AUX
cblr-2946	836	20	self	self	NOUN
cblr-2946	836	21	-	-	PUNCT
cblr-2946	836	22	correcting	correct	VERB
cblr-2946	836	23	if	if	SCONJ
cblr-2946	836	24	the	the	DET
cblr-2946	836	25	market	market	NOUN
cblr-2946	836	26	bubble	bubble	NOUN
cblr-2946	836	27	explanation	explanation	NOUN
cblr-2946	836	28	is	be	AUX
cblr-2946	836	29	the	the	DET
cblr-2946	836	30	dominant	dominant	ADJ
cblr-2946	836	31	reason	reason	NOUN
cblr-2946	836	32	for	for	ADP
cblr-2946	836	33	gatekeeper	gatekeeper	NOUN
cblr-2946	836	34	failure	failure	NOUN
cblr-2946	836	35	in	in	ADP
cblr-2946	836	36	a	a	DET
cblr-2946	836	37	particular	particular	ADJ
cblr-2946	836	38	context	context	NOUN
cblr-2946	836	39	)	)	PUNCT
cblr-2946	836	40	.	.	PUNCT
cblr-2946	837	1	see	see	VERB
cblr-2946	837	2	supra	supra	PROPN
cblr-2946	837	3	part	part	PROPN
cblr-2946	837	4	iii.c.4	iii.c.4	NOUN
cblr-2946	837	5	for	for	ADP
cblr-2946	837	6	an	an	DET
cblr-2946	837	7	overview	overview	NOUN
cblr-2946	837	8	of	of	ADP
cblr-2946	837	9	the	the	DET
cblr-2946	837	10	market	market	NOUN
cblr-2946	837	11	bubble	bubble	NOUN
cblr-2946	837	12	explanation	explanation	NOUN
cblr-2946	837	13	.	.	PUNCT
cblr-2946	838	1	235	235	NUM
cblr-2946	838	2	hunt	hunt	NOUN
cblr-2946	838	3	,	,	PUNCT
cblr-2946	838	4	supra	supra	PROPN
cblr-2946	838	5	note	note	NOUN
cblr-2946	838	6	3	3	NUM
cblr-2946	838	7	,	,	PUNCT
cblr-2946	838	8	at	at	ADP
cblr-2946	838	9	154	154	NUM
cblr-2946	838	10	(	(	PUNCT
cblr-2946	838	11	noting	note	VERB
cblr-2946	838	12	that	that	SCONJ
cblr-2946	838	13	there	there	PRON
cblr-2946	838	14	have	have	AUX
cblr-2946	838	15	been	be	AUX
cblr-2946	838	16	actions	action	NOUN
cblr-2946	838	17	in	in	ADP
cblr-2946	838	18	the	the	DET
cblr-2946	838	19	face	face	NOUN
cblr-2946	838	20	of	of	ADP
cblr-2946	838	21	regulatory	regulatory	ADJ
cblr-2946	838	22	pressure	pressure	NOUN
cblr-2946	838	23	to	to	PART
cblr-2946	838	24	address	address	VERB
cblr-2946	838	25	the	the	DET
cblr-2946	838	26	issuer	issuer	NOUN
cblr-2946	838	27	pays	pay	VERB
cblr-2946	838	28	conflict	conflict	NOUN
cblr-2946	838	29	)	)	PUNCT
cblr-2946	838	30	;	;	PUNCT
cblr-2946	838	31	sec	sec	PROPN
cblr-2946	838	32	july	july	PROPN
cblr-2946	838	33	2008	2008	NUM
cblr-2946	838	34	report	report	NOUN
cblr-2946	838	35	,	,	PUNCT
cblr-2946	838	36	supra	supra	PROPN
cblr-2946	838	37	note	note	NOUN
cblr-2946	838	38	47	47	NUM
cblr-2946	838	39	,	,	PUNCT
cblr-2946	838	40	at	at	ADP
cblr-2946	838	41	25	25	NUM
cblr-2946	838	42	(	(	PUNCT
cblr-2946	838	43	stating	state	VERB
cblr-2946	838	44	that	that	SCONJ
cblr-2946	838	45	the	the	DET
cblr-2946	838	46	big	big	ADJ
cblr-2946	838	47	three	three	NUM
cblr-2946	838	48	cras	cra	NOUN
cblr-2946	838	49	enhanced	enhance	VERB
cblr-2946	838	50	their	their	PRON
cblr-2946	838	51	procedures	procedure	NOUN
cblr-2946	838	52	for	for	ADP
cblr-2946	838	53	addressing	address	VERB
cblr-2946	838	54	conflicts	conflict	NOUN
cblr-2946	838	55	when	when	SCONJ
cblr-2946	838	56	they	they	PRON
cblr-2946	838	57	sought	seek	VERB
cblr-2946	838	58	nrsro	nrsro	VERB
cblr-2946	838	59	registration	registration	NOUN
cblr-2946	838	60	)	)	PUNCT
cblr-2946	838	61	.	.	PUNCT
cblr-2946	839	1	columbia	columbia	PROPN
cblr-2946	839	2	business	business	PROPN
cblr-2946	839	3	la	la	PROPN
cblr-2946	839	4	w	w	PROPN
cblr-2946	839	5	review	review	NOUN
cblr-2946	839	6	may	may	AUX
cblr-2946	839	7	be	be	AUX
cblr-2946	839	8	premature	premature	ADJ
cblr-2946	839	9	to	to	PART
cblr-2946	839	10	reinvent	reinvent	VERB
cblr-2946	839	11	the	the	DET
cblr-2946	839	12	regulatory	regulatory	ADJ
cblr-2946	839	13	wheel	wheel	NOUN
cblr-2946	839	14	when	when	SCONJ
cblr-2946	839	15	cras	cras	PROPN
cblr-2946	839	16	have	have	AUX
cblr-2946	839	17	generally	generally	ADV
cblr-2946	839	18	produced	produce	VERB
cblr-2946	839	19	fairly	fairly	ADV
cblr-2946	839	20	accurate	accurate	ADJ
cblr-2946	839	21	ratings	rating	NOUN
cblr-2946	839	22	over	over	ADP
cblr-2946	839	23	the	the	DET
cblr-2946	839	24	years	year	NOUN
cblr-2946	839	25	and	and	CCONJ
cblr-2946	839	26	have	have	AUX
cblr-2946	839	27	appeared	appear	VERB
cblr-2946	839	28	,	,	PUNCT
cblr-2946	839	29	at	at	ADP
cblr-2946	839	30	least	least	ADJ
cblr-2946	839	31	until	until	ADP
cblr-2946	839	32	now	now	ADV
cblr-2946	839	33	,	,	PUNCT
cblr-2946	839	34	to	to	PART
cblr-2946	839	35	withstand	withstand	VERB
cblr-2946	839	36	the	the	DET
cblr-2946	839	37	pressure	pressure	NOUN
cblr-2946	839	38	of	of	ADP
cblr-2946	839	39	the	the	DET
cblr-2946	839	40	issuer	issuer	NOUN
cblr-2946	839	41	pays	pay	VERB
cblr-2946	839	42	conflict	conflict	NOUN
cblr-2946	839	43	:	:	PUNCT
cblr-2946	839	44	23	23	NUM
cblr-2946	839	45	regulatory	regulatory	ADJ
cblr-2946	839	46	action	action	NOUN
cblr-2946	839	47	may	may	AUX
cblr-2946	839	48	still	still	ADV
cblr-2946	839	49	be	be	AUX
cblr-2946	839	50	preferable	preferable	ADJ
cblr-2946	839	51	,	,	PUNCT
cblr-2946	839	52	however	however	ADV
cblr-2946	839	53	,	,	PUNCT
cblr-2946	839	54	for	for	ADP
cblr-2946	839	55	two	two	NUM
cblr-2946	839	56	reasons	reason	NOUN
cblr-2946	839	57	.	.	PUNCT
cblr-2946	840	1	first	first	ADV
cblr-2946	840	2	,	,	PUNCT
cblr-2946	840	3	securitization	securitization	NOUN
cblr-2946	840	4	is	be	AUX
cblr-2946	840	5	a	a	DET
cblr-2946	840	6	beneficial	beneficial	ADJ
cblr-2946	840	7	financial	financial	ADJ
cblr-2946	840	8	tool	tool	NOUN
cblr-2946	840	9	when	when	SCONJ
cblr-2946	840	10	it	it	PRON
cblr-2946	840	11	is	be	AUX
cblr-2946	840	12	not	not	PART
cblr-2946	840	13	abused	abuse	VERB
cblr-2946	840	14	.	.	PUNCT
cblr-2946	841	1	regulatory	regulatory	ADJ
cblr-2946	841	2	action	action	NOUN
cblr-2946	841	3	may	may	AUX
cblr-2946	841	4	be	be	AUX
cblr-2946	841	5	necessary	necessary	ADJ
cblr-2946	841	6	to	to	PART
cblr-2946	841	7	restore	restore	VERB
cblr-2946	841	8	investor	investor	NOUN
cblr-2946	841	9	confidence	confidence	NOUN
cblr-2946	841	10	in	in	ADP
cblr-2946	841	11	structured	structured	ADJ
cblr-2946	841	12	finance	finance	NOUN
cblr-2946	841	13	if	if	SCONJ
cblr-2946	841	14	ratings	rating	NOUN
cblr-2946	841	15	remain	remain	VERB
cblr-2946	841	16	practically	practically	ADV
cblr-2946	841	17	necessary	necessary	ADJ
cblr-2946	841	18	for	for	SCONJ
cblr-2946	841	19	these	these	DET
cblr-2946	841	20	products	product	NOUN
cblr-2946	841	21	to	to	PART
cblr-2946	841	22	be	be	AUX
cblr-2946	841	23	marketable	marketable	ADJ
cblr-2946	841	24	.	.	PUNCT
cblr-2946	842	1	second	second	ADJ
cblr-2946	842	2	,	,	PUNCT
cblr-2946	842	3	as	as	ADV
cblr-2946	842	4	long	long	ADV
cblr-2946	842	5	as	as	SCONJ
cblr-2946	842	6	players	player	NOUN
cblr-2946	842	7	in	in	ADP
cblr-2946	842	8	the	the	DET
cblr-2946	842	9	capital	capital	NOUN
cblr-2946	842	10	markets	market	NOUN
cblr-2946	842	11	innovate	innovate	VERB
cblr-2946	842	12	,	,	PUNCT
cblr-2946	842	13	there	there	PRON
cblr-2946	842	14	remains	remain	VERB
cblr-2946	842	15	a	a	DET
cblr-2946	842	16	risk	risk	NOUN
cblr-2946	842	17	that	that	SCONJ
cblr-2946	842	18	the	the	DET
cblr-2946	842	19	next	next	ADJ
cblr-2946	842	20	new	new	ADJ
cblr-2946	842	21	security	security	NOUN
cblr-2946	842	22	that	that	PRON
cblr-2946	842	23	comes	come	VERB
cblr-2946	842	24	along	along	ADV
cblr-2946	842	25	will	will	AUX
cblr-2946	842	26	create	create	VERB
cblr-2946	842	27	similar	similar	ADJ
cblr-2946	842	28	risks	risk	NOUN
cblr-2946	842	29	,	,	PUNCT
cblr-2946	842	30	especially	especially	ADV
cblr-2946	842	31	since	since	SCONJ
cblr-2946	842	32	cras	cras	X
cblr-2946	842	33	will	will	AUX
cblr-2946	842	34	likely	likely	ADV
cblr-2946	842	35	compete	compete	VERB
cblr-2946	842	36	intensely	intensely	ADV
cblr-2946	842	37	to	to	PART
cblr-2946	842	38	capture	capture	VERB
cblr-2946	842	39	the	the	DET
cblr-2946	842	40	market	market	NOUN
cblr-2946	842	41	for	for	ADP
cblr-2946	842	42	rating	rate	VERB
cblr-2946	842	43	any	any	DET
cblr-2946	842	44	new	new	ADJ
cblr-2946	842	45	products	product	NOUN
cblr-2946	842	46	.	.	PUNCT
cblr-2946	843	1	a.	a.	NOUN
cblr-2946	843	2	an	an	DET
cblr-2946	843	3	overview	overview	NOUN
cblr-2946	843	4	of	of	ADP
cblr-2946	843	5	two	two	NUM
cblr-2946	843	6	proposals	proposal	NOUN
cblr-2946	843	7	1	1	NUM
cblr-2946	843	8	.	.	PUNCT
cblr-2946	844	1	the	the	DET
cblr-2946	844	2	coffee	coffee	NOUN
cblr-2946	844	3	proposal	proposal	NOUN
cblr-2946	844	4	professor	professor	NOUN
cblr-2946	844	5	coffee	coffee	NOUN
cblr-2946	844	6	has	have	AUX
cblr-2946	844	7	suggested	suggest	VERB
cblr-2946	844	8	that	that	SCONJ
cblr-2946	844	9	the	the	DET
cblr-2946	844	10	sec	sec	PROPN
cblr-2946	844	11	tie	tie	NOUN
cblr-2946	844	12	nrsrostatus	nrsrostatus	NOUN
cblr-2946	844	13	to	to	ADP
cblr-2946	844	14	the	the	DET
cblr-2946	844	15	default	default	NOUN
cblr-2946	844	16	rates	rate	NOUN
cblr-2946	844	17	experienced	experience	VERB
cblr-2946	844	18	by	by	ADP
cblr-2946	844	19	an	an	DET
cblr-2946	844	20	agency	agency	NOUN
cblr-2946	844	21	's	's	PART
cblr-2946	844	22	credit	credit	NOUN
cblr-2946	844	23	ratings.237	ratings.237	NOUN
cblr-2946	844	24	according	accord	VERB
cblr-2946	844	25	to	to	ADP
cblr-2946	844	26	professor	professor	NOUN
cblr-2946	844	27	coffee	coffee	NOUN
cblr-2946	844	28	,	,	PUNCT
cblr-2946	844	29	the	the	DET
cblr-2946	844	30	sec	sec	PROPN
cblr-2946	844	31	could	could	AUX
cblr-2946	844	32	establish	establish	VERB
cblr-2946	844	33	a	a	DET
cblr-2946	844	34	maximum	maximum	ADJ
cblr-2946	844	35	default	default	NOUN
cblr-2946	844	36	rate	rate	NOUN
cblr-2946	844	37	for	for	ADP
cblr-2946	844	38	each	each	DET
cblr-2946	844	39	letter	letter	NOUN
cblr-2946	844	40	grade	grade	NOUN
cblr-2946	844	41	and	and	CCONJ
cblr-2946	844	42	suspend	suspend	VERB
cblr-2946	844	43	the	the	DET
cblr-2946	844	44	nrsro	nrsro	ADJ
cblr-2946	844	45	status	status	NOUN
cblr-2946	844	46	of	of	ADP
cblr-2946	844	47	an	an	DET
cblr-2946	844	48	agency	agency	NOUN
cblr-2946	844	49	whose	whose	DET
cblr-2946	844	50	five	five	NUM
cblr-2946	844	51	-	-	PUNCT
cblr-2946	844	52	year	year	NOUN
cblr-2946	844	53	default	default	NOUN
cblr-2946	844	54	rate	rate	NOUN
cblr-2946	844	55	exceeded	exceed	VERB
cblr-2946	844	56	that	that	DET
cblr-2946	844	57	maximum	maximum	NOUN
cblr-2946	844	58	.	.	PUNCT
cblr-2946	845	1	238	238	NUM
cblr-2946	846	1	the	the	DET
cblr-2946	846	2	agency	agency	NOUN
cblr-2946	846	3	's	's	PART
cblr-2946	846	4	nrsro	nrsro	ADJ
cblr-2946	846	5	-	-	PUNCT
cblr-2946	846	6	status	status	NOUN
cblr-2946	846	7	would	would	AUX
cblr-2946	846	8	be	be	AUX
cblr-2946	846	9	suspended	suspend	VERB
cblr-2946	846	10	until	until	SCONJ
cblr-2946	846	11	its	its	PRON
cblr-2946	846	12	five	five	NUM
cblr-2946	846	13	-	-	PUNCT
cblr-2946	846	14	year	year	NOUN
cblr-2946	846	15	default	default	NOUN
cblr-2946	846	16	rate	rate	NOUN
cblr-2946	846	17	returned	return	VERB
cblr-2946	846	18	below	below	ADP
cblr-2946	846	19	the	the	DET
cblr-2946	846	20	established	establish	VERB
cblr-2946	846	21	parameter	parameter	NOUN
cblr-2946	846	22	.	.	PUNCT
cblr-2946	847	1	"9	"9	PROPN
cblr-2946	847	2	while	while	SCONJ
cblr-2946	847	3	it	it	PRON
cblr-2946	847	4	would	would	AUX
cblr-2946	847	5	not	not	PART
cblr-2946	847	6	be	be	AUX
cblr-2946	847	7	necessary	necessary	ADJ
cblr-2946	847	8	,	,	PUNCT
cblr-2946	847	9	the	the	DET
cblr-2946	847	10	sec	sec	PROPN
cblr-2946	847	11	could	could	AUX
cblr-2946	847	12	limit	limit	VERB
cblr-2946	847	13	the	the	DET
cblr-2946	847	14	sanction	sanction	NOUN
cblr-2946	847	15	imposed	impose	VERB
cblr-2946	847	16	on	on	ADP
cblr-2946	847	17	a	a	DET
cblr-2946	847	18	cra	cra	PROPN
cblr-2946	847	19	to	to	ADP
cblr-2946	847	20	a	a	DET
cblr-2946	847	21	particular	particular	ADJ
cblr-2946	847	22	asset	asset	NOUN
cblr-2946	847	23	class	class	NOUN
cblr-2946	847	24	and	and	CCONJ
cblr-2946	847	25	a	a	DET
cblr-2946	847	26	particular	particular	ADJ
cblr-2946	847	27	rating.24	rating.24	NOUN
cblr-2946	847	28	°	°	NOUN
cblr-2946	847	29	for	for	ADP
cblr-2946	847	30	example	example	NOUN
cblr-2946	847	31	,	,	PUNCT
cblr-2946	847	32	the	the	DET
cblr-2946	847	33	sec	sec	PROPN
cblr-2946	847	34	could	could	AUX
cblr-2946	847	35	determine	determine	VERB
cblr-2946	847	36	that	that	SCONJ
cblr-2946	847	37	an	an	DET
cblr-2946	847	38	nrsro	nrsro	NOUN
cblr-2946	847	39	must	must	AUX
cblr-2946	847	40	maintain	maintain	VERB
cblr-2946	847	41	a	a	DET
cblr-2946	847	42	five	five	NUM
cblr-2946	847	43	-	-	PUNCT
cblr-2946	847	44	year	year	NOUN
cblr-2946	847	45	default	default	NOUN
cblr-2946	847	46	rate	rate	NOUN
cblr-2946	847	47	below	below	ADP
cblr-2946	847	48	5	5	NUM
cblr-2946	847	49	%	%	NOUN
cblr-2946	847	50	for	for	ADP
cblr-2946	847	51	all	all	DET
cblr-2946	847	52	asset	asset	NOUN
cblr-2946	847	53	-	-	PUNCT
cblr-2946	847	54	backed	back	VERB
cblr-2946	847	55	securities	security	NOUN
cblr-2946	847	56	rated	rate	VERB
cblr-2946	847	57	bbb	bbb	PROPN
cblr-2946	847	58	;	;	PUNCT
cblr-2946	847	59	if	if	SCONJ
cblr-2946	847	60	a	a	DET
cblr-2946	847	61	cra	cra	PROPN
cblr-2946	847	62	's	's	PART
cblr-2946	847	63	five	five	NUM
cblr-2946	847	64	-	-	PUNCT
cblr-2946	847	65	year	year	NOUN
cblr-2946	847	66	default	default	NOUN
cblr-2946	847	67	rate	rate	NOUN
cblr-2946	847	68	on	on	ADP
cblr-2946	847	69	asset	asset	NOUN
cblr-2946	847	70	-	-	PUNCT
cblr-2946	847	71	backed	back	VERB
cblr-2946	847	72	securities	security	NOUN
cblr-2946	847	73	rated	rate	VERB
cblr-2946	847	74	bbb	bbb	PROPN
cblr-2946	847	75	exceeded	exceed	VERB
cblr-2946	847	76	236	236	NUM
cblr-2946	847	77	see	see	NOUN
cblr-2946	847	78	supra	supra	PROPN
cblr-2946	847	79	part	part	NOUN
cblr-2946	847	80	iii.b	iii.b	PROPN
cblr-2946	847	81	.	.	NOUN
cblr-2946	847	82	237	237	NUM
cblr-2946	847	83	coffee	coffee	NOUN
cblr-2946	847	84	,	,	PUNCT
cblr-2946	847	85	supra	supra	PROPN
cblr-2946	847	86	note	note	NOUN
cblr-2946	847	87	2	2	NUM
cblr-2946	847	88	;	;	PUNCT
cblr-2946	847	89	coffee	coffee	NOUN
cblr-2946	847	90	,	,	PUNCT
cblr-2946	847	91	mortgage	mortgage	NOUN
cblr-2946	847	92	meltdown	meltdown	NOUN
cblr-2946	847	93	,	,	PUNCT
cblr-2946	847	94	supra	supra	PROPN
cblr-2946	847	95	note	note	NOUN
cblr-2946	847	96	9	9	NUM
cblr-2946	847	97	.	.	PUNCT
cblr-2946	847	98	"	"	PUNCT
cblr-2946	848	1	coffee	coffee	NOUN
cblr-2946	848	2	,	,	PUNCT
cblr-2946	848	3	mortgage	mortgage	NOUN
cblr-2946	848	4	meltdown	meltdown	NOUN
cblr-2946	848	5	,	,	PUNCT
cblr-2946	848	6	supra	supra	PROPN
cblr-2946	848	7	note	note	NOUN
cblr-2946	848	8	9	9	NUM
cblr-2946	848	9	.	.	X
cblr-2946	848	10	239	239	NUM
cblr-2946	849	1	i	i	NOUN
cblr-2946	849	2	d.	d.	NOUN
cblr-2946	849	3	240	240	NUM
cblr-2946	849	4	coffee	coffee	NOUN
cblr-2946	849	5	,	,	PUNCT
cblr-2946	849	6	supra	supra	PROPN
cblr-2946	849	7	note	note	NOUN
cblr-2946	849	8	2	2	NUM
cblr-2946	849	9	.	.	PUNCT
cblr-2946	850	1	[	[	X
cblr-2946	850	2	vol	vol	NOUN
cblr-2946	850	3	.	.	PUNCT
cblr-2946	850	4	2009	2009	NUM
cblr-2946	850	5	no	no	NOUN
cblr-2946	850	6	.	.	PUNCT
cblr-2946	851	1	2:605	2:605	NUM
cblr-2946	851	2	]	]	X
cblr-2946	851	3	credit	credit	NOUN
cblr-2946	851	4	rating	rating	NOUN
cblr-2946	851	5	agencies	agency	NOUN
cblr-2946	851	6	and	and	CCONJ
cblr-2946	851	7	the	the	DET
cblr-2946	851	8	credit	credit	NOUN
cblr-2946	851	9	crisis	crisis	NOUN
cblr-2946	851	10	661	661	NUM
cblr-2946	851	11	this	this	DET
cblr-2946	851	12	limit	limit	NOUN
cblr-2946	851	13	,	,	PUNCT
cblr-2946	851	14	the	the	DET
cblr-2946	851	15	cra	cra	PROPN
cblr-2946	851	16	's	's	PART
cblr-2946	851	17	bbb	bbb	NOUN
cblr-2946	851	18	rating	rating	NOUN
cblr-2946	851	19	on	on	ADP
cblr-2946	851	20	this	this	DET
cblr-2946	851	21	class	class	NOUN
cblr-2946	851	22	of	of	ADP
cblr-2946	851	23	assets	asset	NOUN
cblr-2946	851	24	would	would	AUX
cblr-2946	851	25	no	no	ADV
cblr-2946	851	26	longer	long	ADV
cblr-2946	851	27	be	be	AUX
cblr-2946	851	28	recognized	recognize	VERB
cblr-2946	851	29	by	by	ADP
cblr-2946	851	30	the	the	DET
cblr-2946	851	31	sec	sec	PROPN
cblr-2946	851	32	until	until	SCONJ
cblr-2946	851	33	the	the	DET
cblr-2946	851	34	agency	agency	NOUN
cblr-2946	851	35	's	's	PART
cblr-2946	851	36	fiveyear	fiveyear	NOUN
cblr-2946	851	37	default	default	NOUN
cblr-2946	851	38	rate	rate	NOUN
cblr-2946	851	39	declined	decline	VERB
cblr-2946	851	40	below	below	ADP
cblr-2946	851	41	5%.241	5%.241	NUM
cblr-2946	851	42	professor	professor	NOUN
cblr-2946	851	43	coffee	coffee	NOUN
cblr-2946	851	44	recommended	recommend	VERB
cblr-2946	851	45	this	this	DET
cblr-2946	851	46	proposal	proposal	NOUN
cblr-2946	851	47	specifically	specifically	ADV
cblr-2946	851	48	in	in	ADP
cblr-2946	851	49	light	light	NOUN
cblr-2946	851	50	of	of	ADP
cblr-2946	851	51	the	the	DET
cblr-2946	851	52	issuer	issuer	NOUN
cblr-2946	851	53	pays	pay	VERB
cblr-2946	851	54	conflict	conflict	NOUN
cblr-2946	851	55	problem	problem	NOUN
cblr-2946	851	56	.	.	PUNCT
cblr-2946	852	1	the	the	DET
cblr-2946	852	2	idea	idea	NOUN
cblr-2946	852	3	is	be	AUX
cblr-2946	852	4	that	that	SCONJ
cblr-2946	852	5	the	the	DET
cblr-2946	852	6	threat	threat	NOUN
cblr-2946	852	7	of	of	ADP
cblr-2946	852	8	losing	lose	VERB
cblr-2946	852	9	nrsro	nrsro	ADJ
cblr-2946	852	10	status	status	NOUN
cblr-2946	852	11	would	would	AUX
cblr-2946	852	12	"	"	PUNCT
cblr-2946	852	13	make	make	VERB
cblr-2946	852	14	ratings	rating	NOUN
cblr-2946	852	15	agencies	agency	NOUN
cblr-2946	852	16	more	more	ADV
cblr-2946	852	17	conservative	conservative	ADJ
cblr-2946	852	18	...	...	PUNCT
cblr-2946	852	19	and	and	CCONJ
cblr-2946	852	20	thus	thus	ADV
cblr-2946	852	21	create	create	VERB
cblr-2946	852	22	a	a	DET
cblr-2946	852	23	countervailing	countervail	VERB
cblr-2946	852	24	pressure	pressure	NOUN
cblr-2946	852	25	to	to	ADP
cblr-2946	852	26	the	the	DET
cblr-2946	852	27	current	current	ADJ
cblr-2946	852	28	incentives	incentive	NOUN
cblr-2946	852	29	that	that	PRON
cblr-2946	852	30	produce	produce	VERB
cblr-2946	852	31	grade	grade	NOUN
cblr-2946	852	32	inflation	inflation	NOUN
cblr-2946	852	33	.	.	PUNCT
cblr-2946	853	1	"42	"42	NOUN
cblr-2946	854	1	2	2	X
cblr-2946	854	2	.	.	PUNCT
cblr-2946	854	3	the	the	DET
cblr-2946	854	4	hunt	hunt	NOUN
cblr-2946	854	5	proposal	proposal	NOUN
cblr-2946	854	6	while	while	SCONJ
cblr-2946	854	7	his	his	PRON
cblr-2946	854	8	proposal	proposal	NOUN
cblr-2946	854	9	is	be	AUX
cblr-2946	854	10	intended	intend	VERB
cblr-2946	854	11	to	to	PART
cblr-2946	854	12	address	address	VERB
cblr-2946	854	13	the	the	DET
cblr-2946	854	14	problem	problem	NOUN
cblr-2946	854	15	of	of	ADP
cblr-2946	854	16	low	low	ADJ
cblr-2946	854	17	-	-	PUNCT
cblr-2946	854	18	quality	quality	NOUN
cblr-2946	854	19	ratings	rating	NOUN
cblr-2946	854	20	in	in	ADP
cblr-2946	854	21	general	general	ADJ
cblr-2946	854	22	and	and	CCONJ
cblr-2946	854	23	not	not	PART
cblr-2946	854	24	merely	merely	ADV
cblr-2946	854	25	the	the	DET
cblr-2946	854	26	issuer	issuer	NOUN
cblr-2946	854	27	pays	pay	VERB
cblr-2946	854	28	conflict	conflict	NOUN
cblr-2946	854	29	,	,	PUNCT
cblr-2946	854	30	mr	mr	PROPN
cblr-2946	854	31	.	.	PROPN
cblr-2946	854	32	hunt	hunt	PROPN
cblr-2946	854	33	advocates	advocate	NOUN
cblr-2946	854	34	for	for	ADP
cblr-2946	854	35	requiring	require	VERB
cblr-2946	854	36	a	a	DET
cblr-2946	854	37	cra	cra	PROPN
cblr-2946	854	38	to	to	PART
cblr-2946	854	39	disgorge	disgorge	VERB
cblr-2946	854	40	profits	profit	NOUN
cblr-2946	854	41	received	receive	VERB
cblr-2946	854	42	from	from	ADP
cblr-2946	854	43	issuing	issue	VERB
cblr-2946	854	44	ratings	rating	NOUN
cblr-2946	854	45	on	on	ADP
cblr-2946	854	46	new	new	ADJ
cblr-2946	854	47	products	product	NOUN
cblr-2946	854	48	that	that	PRON
cblr-2946	854	49	fall	fall	VERB
cblr-2946	854	50	below	below	ADP
cblr-2946	854	51	a	a	DET
cblr-2946	854	52	predetermined	predetermine	VERB
cblr-2946	854	53	quality	quality	NOUN
cblr-2946	854	54	level	level	NOUN
cblr-2946	854	55	unless	unless	SCONJ
cblr-2946	854	56	the	the	DET
cblr-2946	854	57	cra	cra	PROPN
cblr-2946	854	58	reveals	reveal	VERB
cblr-2946	854	59	in	in	ADP
cblr-2946	854	60	advance	advance	NOUN
cblr-2946	854	61	that	that	SCONJ
cblr-2946	854	62	the	the	DET
cblr-2946	854	63	ratings	rating	NOUN
cblr-2946	854	64	are	be	AUX
cblr-2946	854	65	of	of	ADP
cblr-2946	854	66	low	low	ADJ
cblr-2946	854	67	quality.24	quality.24	NOUN
cblr-2946	854	68	3	3	NUM
cblr-2946	854	69	mr	mr	PROPN
cblr-2946	854	70	.	.	PROPN
cblr-2946	854	71	hunt	hunt	PROPN
cblr-2946	854	72	explains	explain	VERB
cblr-2946	854	73	that	that	SCONJ
cblr-2946	854	74	the	the	DET
cblr-2946	854	75	proposal	proposal	NOUN
cblr-2946	854	76	could	could	AUX
cblr-2946	854	77	be	be	AUX
cblr-2946	854	78	implemented	implement	VERB
cblr-2946	854	79	in	in	ADP
cblr-2946	854	80	a	a	DET
cblr-2946	854	81	number	number	NOUN
cblr-2946	854	82	of	of	ADP
cblr-2946	854	83	ways	way	NOUN
cblr-2946	854	84	,	,	PUNCT
cblr-2946	854	85	including	include	VERB
cblr-2946	854	86	through	through	ADP
cblr-2946	854	87	private	private	ADJ
cblr-2946	854	88	liability	liability	NOUN
cblr-2946	854	89	,	,	PUNCT
cblr-2946	854	90	an	an	DET
cblr-2946	854	91	administrative	administrative	ADJ
cblr-2946	854	92	system	system	NOUN
cblr-2946	854	93	under	under	ADP
cblr-2946	854	94	the	the	DET
cblr-2946	854	95	sec	sec	PROPN
cblr-2946	854	96	,	,	PUNCT
cblr-2946	854	97	or	or	CCONJ
cblr-2946	854	98	private	private	ADJ
cblr-2946	854	99	"	"	PUNCT
cblr-2946	854	100	'	'	PUNCT
cblr-2946	854	101	"	"	PUNCT
cblr-2946	854	102	the	the	DET
cblr-2946	854	103	rating	rating	NOUN
cblr-2946	854	104	agency	agency	NOUN
cblr-2946	854	105	could	could	AUX
cblr-2946	854	106	continue	continue	VERB
cblr-2946	854	107	to	to	PART
cblr-2946	854	108	issue	issue	VERB
cblr-2946	854	109	ratings	rating	NOUN
cblr-2946	854	110	during	during	ADP
cblr-2946	854	111	this	this	DET
cblr-2946	854	112	interim	interim	NOUN
cblr-2946	854	113	,	,	PUNCT
cblr-2946	854	114	but	but	CCONJ
cblr-2946	854	115	they	they	PRON
cblr-2946	854	116	would	would	AUX
cblr-2946	854	117	be	be	AUX
cblr-2946	854	118	useful	useful	ADJ
cblr-2946	854	119	only	only	ADV
cblr-2946	854	120	for	for	ADP
cblr-2946	854	121	their	their	PRON
cblr-2946	854	122	informative	informative	ADJ
cblr-2946	854	123	value	value	NOUN
cblr-2946	854	124	,	,	PUNCT
cblr-2946	854	125	not	not	PART
cblr-2946	854	126	their	their	PRON
cblr-2946	854	127	legal	legal	ADJ
cblr-2946	854	128	impact	impact	NOUN
cblr-2946	854	129	.	.	PUNCT
cblr-2946	854	130	"	"	PUNCT
cblr-2946	855	1	coffee	coffee	NOUN
cblr-2946	855	2	,	,	PUNCT
cblr-2946	855	3	mortgage	mortgage	NOUN
cblr-2946	855	4	meltdown	meltdown	NOUN
cblr-2946	855	5	,	,	PUNCT
cblr-2946	855	6	supra	supra	PROPN
cblr-2946	855	7	note	note	NOUN
cblr-2946	855	8	9	9	NUM
cblr-2946	855	9	.	.	NOUN
cblr-2946	855	10	242	242	NUM
cblr-2946	855	11	coffee	coffee	NOUN
cblr-2946	855	12	,	,	PUNCT
cblr-2946	855	13	supra	supra	PROPN
cblr-2946	855	14	note	note	NOUN
cblr-2946	855	15	2	2	NUM
cblr-2946	855	16	.	.	PUNCT
cblr-2946	856	1	the	the	DET
cblr-2946	856	2	idea	idea	NOUN
cblr-2946	856	3	of	of	ADP
cblr-2946	856	4	tying	tie	VERB
cblr-2946	856	5	nrsro	nrsro	ADJ
cblr-2946	856	6	status	status	NOUN
cblr-2946	856	7	to	to	ADP
cblr-2946	856	8	ratings	rating	NOUN
cblr-2946	856	9	performance	performance	NOUN
cblr-2946	856	10	is	be	AUX
cblr-2946	856	11	not	not	PART
cblr-2946	856	12	an	an	DET
cblr-2946	856	13	entirely	entirely	ADV
cblr-2946	856	14	new	new	ADJ
cblr-2946	856	15	idea	idea	NOUN
cblr-2946	856	16	.	.	PUNCT
cblr-2946	857	1	after	after	SCONJ
cblr-2946	857	2	the	the	DET
cblr-2946	857	3	enron	enron	PROPN
cblr-2946	857	4	debacle	debacle	PROPN
cblr-2946	857	5	,	,	PUNCT
cblr-2946	857	6	two	two	NUM
cblr-2946	857	7	commentators	commentator	NOUN
cblr-2946	857	8	,	,	PUNCT
cblr-2946	857	9	fidelity	fidelity	NOUN
cblr-2946	857	10	and	and	CCONJ
cblr-2946	857	11	the	the	DET
cblr-2946	857	12	investment	investment	NOUN
cblr-2946	857	13	company	company	NOUN
cblr-2946	857	14	institute	institute	PROPN
cblr-2946	857	15	,	,	PUNCT
cblr-2946	857	16	suggested	suggest	VERB
cblr-2946	857	17	implementing	implement	VERB
cblr-2946	857	18	a	a	DET
cblr-2946	857	19	process	process	NOUN
cblr-2946	857	20	analogous	analogous	ADJ
cblr-2946	857	21	to	to	ADP
cblr-2946	857	22	that	that	PRON
cblr-2946	857	23	used	use	VERB
cblr-2946	857	24	for	for	ADP
cblr-2946	857	25	broadcast	broadcast	NOUN
cblr-2946	857	26	licenses	license	NOUN
cblr-2946	857	27	.	.	PUNCT
cblr-2946	858	1	essentially	essentially	ADV
cblr-2946	858	2	,	,	PUNCT
cblr-2946	858	3	the	the	DET
cblr-2946	858	4	sec	sec	PROPN
cblr-2946	858	5	would	would	AUX
cblr-2946	858	6	hold	hold	VERB
cblr-2946	858	7	public	public	ADJ
cblr-2946	858	8	hearings	hearing	NOUN
cblr-2946	858	9	where	where	SCONJ
cblr-2946	858	10	parties	party	NOUN
cblr-2946	858	11	could	could	AUX
cblr-2946	858	12	comment	comment	VERB
cblr-2946	858	13	on	on	ADP
cblr-2946	858	14	an	an	DET
cblr-2946	858	15	agency	agency	NOUN
cblr-2946	858	16	's	's	PART
cblr-2946	858	17	performance	performance	NOUN
cblr-2946	858	18	,	,	PUNCT
cblr-2946	858	19	and	and	CCONJ
cblr-2946	858	20	the	the	DET
cblr-2946	858	21	sec	sec	PROPN
cblr-2946	858	22	would	would	AUX
cblr-2946	858	23	take	take	VERB
cblr-2946	858	24	these	these	DET
cblr-2946	858	25	comments	comment	NOUN
cblr-2946	858	26	into	into	ADP
cblr-2946	858	27	consideration	consideration	NOUN
cblr-2946	858	28	when	when	SCONJ
cblr-2946	858	29	deciding	decide	VERB
cblr-2946	858	30	whether	whether	SCONJ
cblr-2946	858	31	to	to	PART
cblr-2946	858	32	renew	renew	VERB
cblr-2946	858	33	a	a	DET
cblr-2946	858	34	cra	cra	PROPN
cblr-2946	858	35	's	's	PART
cblr-2946	858	36	nrsro	nrsro	ADJ
cblr-2946	858	37	-	-	PUNCT
cblr-2946	858	38	status	status	NOUN
cblr-2946	858	39	.	.	PUNCT
cblr-2946	859	1	this	this	DET
cblr-2946	859	2	idea	idea	NOUN
cblr-2946	859	3	was	be	AUX
cblr-2946	859	4	suggested	suggest	VERB
cblr-2946	859	5	prior	prior	ADV
cblr-2946	859	6	to	to	ADP
cblr-2946	859	7	the	the	DET
cblr-2946	859	8	adoption	adoption	NOUN
cblr-2946	859	9	of	of	ADP
cblr-2946	859	10	the	the	DET
cblr-2946	859	11	credit	credit	NOUN
cblr-2946	859	12	rating	rating	NOUN
cblr-2946	859	13	agency	agency	NOUN
cblr-2946	859	14	reform	reform	PROPN
cblr-2946	859	15	act	act	NOUN
cblr-2946	859	16	of	of	ADP
cblr-2946	859	17	2006	2006	NUM
cblr-2946	859	18	.	.	PUNCT
cblr-2946	860	1	see	see	VERB
cblr-2946	860	2	hill	hill	PROPN
cblr-2946	860	3	,	,	PUNCT
cblr-2946	860	4	supra	supra	PROPN
cblr-2946	860	5	note	note	PROPN
cblr-2946	860	6	7	7	NUM
cblr-2946	860	7	,	,	PUNCT
cblr-2946	860	8	at	at	ADP
cblr-2946	860	9	88	88	NUM
cblr-2946	860	10	(	(	PUNCT
cblr-2946	860	11	citations	citation	NOUN
cblr-2946	860	12	omitted	omit	VERB
cblr-2946	860	13	)	)	PUNCT
cblr-2946	860	14	.	.	PUNCT
cblr-2946	861	1	24	24	NUM
cblr-2946	861	2	3	3	NUM
cblr-2946	861	3	hunt	hunt	NOUN
cblr-2946	861	4	,	,	PUNCT
cblr-2946	861	5	supra	supra	PROPN
cblr-2946	861	6	note	note	NOUN
cblr-2946	861	7	3	3	NUM
cblr-2946	861	8	,	,	PUNCT
cblr-2946	861	9	at	at	ADP
cblr-2946	861	10	181	181	NUM
cblr-2946	861	11	.	.	PUNCT
cblr-2946	862	1	in	in	ADP
cblr-2946	862	2	his	his	PRON
cblr-2946	862	3	article	article	NOUN
cblr-2946	862	4	,	,	PUNCT
cblr-2946	862	5	mr	mr	PROPN
cblr-2946	862	6	.	.	PROPN
cblr-2946	862	7	hunt	hunt	PROPN
cblr-2946	862	8	argues	argue	VERB
cblr-2946	862	9	that	that	SCONJ
cblr-2946	862	10	reform	reform	NOUN
cblr-2946	862	11	efforts	effort	NOUN
cblr-2946	862	12	consistent	consistent	ADJ
cblr-2946	862	13	with	with	ADP
cblr-2946	862	14	the	the	DET
cblr-2946	862	15	reputational	reputational	ADJ
cblr-2946	862	16	capital	capital	NOUN
cblr-2946	862	17	model	model	NOUN
cblr-2946	862	18	of	of	ADP
cblr-2946	862	19	ratings	rating	NOUN
cblr-2946	862	20	agencies	agency	NOUN
cblr-2946	862	21	are	be	AUX
cblr-2946	862	22	incomplete	incomplete	ADJ
cblr-2946	862	23	because	because	SCONJ
cblr-2946	862	24	a	a	DET
cblr-2946	862	25	well	well	ADV
cblr-2946	862	26	-	-	PUNCT
cblr-2946	862	27	functioning	function	VERB
cblr-2946	862	28	reputation	reputation	NOUN
cblr-2946	862	29	mechanism	mechanism	NOUN
cblr-2946	862	30	will	will	AUX
cblr-2946	862	31	still	still	ADV
cblr-2946	862	32	not	not	PART
cblr-2946	862	33	guarantee	guarantee	VERB
cblr-2946	862	34	high	high	ADJ
cblr-2946	862	35	-	-	PUNCT
cblr-2946	862	36	quality	quality	NOUN
cblr-2946	862	37	ratings	rating	NOUN
cblr-2946	862	38	of	of	ADP
cblr-2946	862	39	new	new	ADJ
cblr-2946	862	40	products	product	NOUN
cblr-2946	862	41	.	.	PUNCT
cblr-2946	863	1	when	when	SCONJ
cblr-2946	863	2	rating	rating	NOUN
cblr-2946	863	3	novel	novel	NOUN
cblr-2946	863	4	products	product	NOUN
cblr-2946	863	5	,	,	PUNCT
cblr-2946	863	6	rating	rating	NOUN
cblr-2946	863	7	agencies	agency	NOUN
cblr-2946	863	8	have	have	VERB
cblr-2946	863	9	no	no	DET
cblr-2946	863	10	reputation	reputation	NOUN
cblr-2946	863	11	for	for	ADP
cblr-2946	863	12	rating	rate	VERB
cblr-2946	863	13	the	the	DET
cblr-2946	863	14	product	product	NOUN
cblr-2946	863	15	.	.	PUNCT
cblr-2946	864	1	while	while	SCONJ
cblr-2946	864	2	low	low	ADJ
cblr-2946	864	3	-	-	PUNCT
cblr-2946	864	4	quality	quality	NOUN
cblr-2946	864	5	ratings	rating	NOUN
cblr-2946	864	6	on	on	ADP
cblr-2946	864	7	new	new	ADJ
cblr-2946	864	8	products	product	NOUN
cblr-2946	864	9	could	could	AUX
cblr-2946	864	10	harm	harm	VERB
cblr-2946	864	11	the	the	DET
cblr-2946	864	12	reputation	reputation	NOUN
cblr-2946	864	13	of	of	ADP
cblr-2946	864	14	the	the	DET
cblr-2946	864	15	agency	agency	NOUN
cblr-2946	864	16	for	for	ADP
cblr-2946	864	17	rating	rate	VERB
cblr-2946	864	18	other	other	ADJ
cblr-2946	864	19	products	product	NOUN
cblr-2946	864	20	,	,	PUNCT
cblr-2946	864	21	ratings	rating	NOUN
cblr-2946	864	22	agencies	agency	NOUN
cblr-2946	864	23	will	will	AUX
cblr-2946	864	24	still	still	ADV
cblr-2946	864	25	rate	rate	VERB
cblr-2946	864	26	the	the	DET
cblr-2946	864	27	novel	novel	ADJ
cblr-2946	864	28	product	product	NOUN
cblr-2946	864	29	if	if	SCONJ
cblr-2946	864	30	the	the	DET
cblr-2946	864	31	volume	volume	NOUN
cblr-2946	864	32	of	of	ADP
cblr-2946	864	33	that	that	DET
cblr-2946	864	34	product	product	NOUN
cblr-2946	864	35	is	be	AUX
cblr-2946	864	36	high	high	ADJ
cblr-2946	864	37	enough	enough	ADV
cblr-2946	864	38	.	.	PUNCT
cblr-2946	865	1	see	see	VERB
cblr-2946	865	2	i	i	PROPN
cblr-2946	865	3	d.	d.	PROPN
cblr-2946	865	4	columbia	columbia	PROPN
cblr-2946	865	5	business	business	PROPN
cblr-2946	865	6	law	law	PROPN
cblr-2946	865	7	review	review	NOUN
cblr-2946	865	8	contracting	contracting	NOUN
cblr-2946	865	9	.	.	PUNCT
cblr-2946	866	1	244	244	NUM
cblr-2946	866	2	he	he	PRON
cblr-2946	866	3	also	also	ADV
cblr-2946	866	4	provides	provide	VERB
cblr-2946	866	5	several	several	ADJ
cblr-2946	866	6	suggestions	suggestion	NOUN
cblr-2946	866	7	for	for	ADP
cblr-2946	866	8	measuring	measure	VERB
cblr-2946	866	9	quality	quality	NOUN
cblr-2946	866	10	,	,	PUNCT
cblr-2946	866	11	such	such	ADJ
cblr-2946	866	12	as	as	ADP
cblr-2946	866	13	the	the	DET
cblr-2946	866	14	"	"	PUNCT
cblr-2946	866	15	accuracy	accuracy	NOUN
cblr-2946	866	16	ratio,"245	ratio,"245	PROPN
cblr-2946	866	17	comparing	compare	VERB
cblr-2946	866	18	the	the	DET
cblr-2946	866	19	default	default	NOUN
cblr-2946	866	20	rates	rate	NOUN
cblr-2946	866	21	of	of	ADP
cblr-2946	866	22	products	product	NOUN
cblr-2946	866	23	across	across	ADP
cblr-2946	866	24	classes	class	NOUN
cblr-2946	866	25	(	(	PUNCT
cblr-2946	866	26	i.e.	i.e.	X
cblr-2946	866	27	,	,	PUNCT
cblr-2946	866	28	by	by	ADP
cblr-2946	866	29	using	use	VERB
cblr-2946	866	30	the	the	DET
cblr-2946	866	31	default	default	NOUN
cblr-2946	866	32	rate	rate	NOUN
cblr-2946	866	33	of	of	ADP
cblr-2946	866	34	traditional	traditional	ADJ
cblr-2946	866	35	bond	bond	NOUN
cblr-2946	866	36	ratings	rating	NOUN
cblr-2946	866	37	as	as	ADP
cblr-2946	866	38	a	a	DET
cblr-2946	866	39	benchmark),246	benchmark),246	PROPN
cblr-2946	866	40	or	or	CCONJ
cblr-2946	866	41	by	by	ADP
cblr-2946	866	42	setting	set	VERB
cblr-2946	866	43	the	the	DET
cblr-2946	866	44	minimum	minimum	ADJ
cblr-2946	866	45	quality	quality	NOUN
cblr-2946	866	46	level	level	NOUN
cblr-2946	866	47	at	at	ADP
cblr-2946	866	48	the	the	DET
cblr-2946	866	49	point	point	NOUN
cblr-2946	866	50	below	below	ADP
cblr-2946	866	51	which	which	PRON
cblr-2946	866	52	the	the	DET
cblr-2946	866	53	market	market	NOUN
cblr-2946	866	54	for	for	ADP
cblr-2946	866	55	a	a	DET
cblr-2946	866	56	product	product	NOUN
cblr-2946	866	57	collapses	collapse	VERB
cblr-2946	866	58	.	.	PUNCT
cblr-2946	867	1	47	47	NUM
cblr-2946	867	2	in	in	SCONJ
cblr-2946	867	3	order	order	NOUN
cblr-2946	867	4	to	to	PART
cblr-2946	867	5	more	more	ADV
cblr-2946	867	6	easily	easily	ADV
cblr-2946	867	7	compare	compare	VERB
cblr-2946	867	8	mr	mr	PROPN
cblr-2946	867	9	.	.	PROPN
cblr-2946	867	10	hunt	hunt	PROPN
cblr-2946	867	11	's	's	PART
cblr-2946	867	12	proposal	proposal	NOUN
cblr-2946	867	13	to	to	PART
cblr-2946	867	14	professor	professor	VERB
cblr-2946	867	15	coffee	coffee	NOUN
cblr-2946	867	16	's	's	PART
cblr-2946	867	17	,	,	PUNCT
cblr-2946	867	18	the	the	DET
cblr-2946	867	19	author	author	NOUN
cblr-2946	867	20	assumes	assume	VERB
cblr-2946	867	21	the	the	DET
cblr-2946	867	22	hunt	hunt	NOUN
cblr-2946	867	23	's	's	PART
cblr-2946	867	24	proposal	proposal	NOUN
cblr-2946	867	25	would	would	AUX
cblr-2946	867	26	be	be	AUX
cblr-2946	867	27	implemented	implement	VERB
cblr-2946	867	28	by	by	ADP
cblr-2946	867	29	a	a	DET
cblr-2946	867	30	regulatory	regulatory	ADJ
cblr-2946	867	31	agency	agency	NOUN
cblr-2946	867	32	(	(	PUNCT
cblr-2946	867	33	most	most	ADV
cblr-2946	867	34	naturally	naturally	ADV
cblr-2946	867	35	the	the	DET
cblr-2946	867	36	sec	sec	PROPN
cblr-2946	867	37	)	)	PUNCT
cblr-2946	867	38	.	.	PUNCT
cblr-2946	868	1	the	the	DET
cblr-2946	868	2	disgorgement	disgorgement	NOUN
cblr-2946	868	3	penalty	penalty	NOUN
cblr-2946	868	4	would	would	AUX
cblr-2946	868	5	be	be	AUX
cblr-2946	868	6	applied	apply	VERB
cblr-2946	868	7	for	for	ADP
cblr-2946	868	8	a	a	DET
cblr-2946	868	9	given	give	VERB
cblr-2946	868	10	product	product	NOUN
cblr-2946	868	11	type	type	NOUN
cblr-2946	868	12	and	and	CCONJ
cblr-2946	868	13	for	for	ADP
cblr-2946	868	14	a	a	DET
cblr-2946	868	15	given	give	VERB
cblr-2946	868	16	vintage.248	vintage.248	NOUN
cblr-2946	868	17	3	3	NUM
cblr-2946	868	18	.	.	PUNCT
cblr-2946	869	1	a	a	DET
cblr-2946	869	2	comparison	comparison	NOUN
cblr-2946	869	3	of	of	ADP
cblr-2946	869	4	the	the	DET
cblr-2946	869	5	attributes	attribute	NOUN
cblr-2946	869	6	both	both	CCONJ
cblr-2946	869	7	the	the	DET
cblr-2946	869	8	coffee	coffee	NOUN
cblr-2946	869	9	proposal	proposal	NOUN
cblr-2946	869	10	and	and	CCONJ
cblr-2946	869	11	the	the	DET
cblr-2946	869	12	hunt	hunt	NOUN
cblr-2946	869	13	proposal	proposal	NOUN
cblr-2946	869	14	would	would	AUX
cblr-2946	869	15	impose	impose	VERB
cblr-2946	869	16	a	a	DET
cblr-2946	869	17	penalty	penalty	NOUN
cblr-2946	869	18	on	on	ADP
cblr-2946	869	19	a	a	DET
cblr-2946	869	20	cra	cra	NOUN
cblr-2946	869	21	whose	whose	DET
cblr-2946	869	22	ratings	rating	NOUN
cblr-2946	869	23	underperformed	underperform	VERB
cblr-2946	869	24	relative	relative	ADJ
cblr-2946	869	25	to	to	ADP
cblr-2946	869	26	a	a	DET
cblr-2946	869	27	predetermined	predetermine	VERB
cblr-2946	869	28	quality	quality	NOUN
cblr-2946	869	29	metric	metric	NOUN
cblr-2946	869	30	.	.	PUNCT
cblr-2946	870	1	each	each	DET
cblr-2946	870	2	system	system	NOUN
cblr-2946	870	3	could	could	AUX
cblr-2946	870	4	be	be	AUX
cblr-2946	870	5	implemented	implement	VERB
cblr-2946	870	6	by	by	ADP
cblr-2946	870	7	the	the	DET
cblr-2946	870	8	sec	sec	PROPN
cblr-2946	870	9	,	,	PUNCT
cblr-2946	870	10	and	and	CCONJ
cblr-2946	870	11	both	both	PRON
cblr-2946	870	12	have	have	VERB
cblr-2946	870	13	a	a	DET
cblr-2946	870	14	quasi	quasi	ADJ
cblr-2946	870	15	strict	strict	ADJ
cblr-2946	870	16	liability	liability	NOUN
cblr-2946	870	17	element	element	NOUN
cblr-2946	870	18	since	since	SCONJ
cblr-2946	870	19	a	a	DET
cblr-2946	870	20	cra	cra	PROPN
cblr-2946	870	21	would	would	AUX
cblr-2946	870	22	be	be	AUX
cblr-2946	870	23	sanctioned	sanction	VERB
cblr-2946	870	24	if	if	SCONJ
cblr-2946	870	25	its	its	PRON
cblr-2946	870	26	ratings	rating	NOUN
cblr-2946	870	27	missed	miss	VERB
cblr-2946	870	28	the	the	DET
cblr-2946	870	29	quality	quality	NOUN
cblr-2946	870	30	metric	metric	ADJ
cblr-2946	870	31	,	,	PUNCT
cblr-2946	870	32	irregardless	irregardless	NOUN
cblr-2946	870	33	of	of	ADP
cblr-2946	870	34	the	the	DET
cblr-2946	870	35	standard	standard	NOUN
cblr-2946	870	36	of	of	ADP
cblr-2946	870	37	care	care	NOUN
cblr-2946	870	38	employed	employ	VERB
cblr-2946	870	39	by	by	ADP
cblr-2946	870	40	the	the	DET
cblr-2946	870	41	cra	cra	PROPN
cblr-2946	870	42	.	.	PUNCT
cblr-2946	871	1	in	in	ADP
cblr-2946	871	2	addition	addition	NOUN
cblr-2946	871	3	,	,	PUNCT
cblr-2946	871	4	while	while	SCONJ
cblr-2946	871	5	mr	mr	PROPN
cblr-2946	871	6	.	.	PROPN
cblr-2946	871	7	hunt	hunt	PROPN
cblr-2946	871	8	suggested	suggest	VERB
cblr-2946	871	9	several	several	ADJ
cblr-2946	871	10	quality	quality	NOUN
cblr-2946	871	11	metrics	metric	NOUN
cblr-2946	871	12	that	that	PRON
cblr-2946	871	13	could	could	AUX
cblr-2946	871	14	be	be	AUX
cblr-2946	871	15	used	use	VERB
cblr-2946	871	16	to	to	PART
cblr-2946	871	17	implement	implement	VERB
cblr-2946	871	18	his	his	PRON
cblr-2946	871	19	proposal	proposal	NOUN
cblr-2946	871	20	,	,	PUNCT
cblr-2946	871	21	we	we	PRON
cblr-2946	871	22	might	might	AUX
cblr-2946	871	23	assume	assume	VERB
cblr-2946	871	24	for	for	ADP
cblr-2946	871	25	purposes	purpose	NOUN
cblr-2946	871	26	of	of	ADP
cblr-2946	871	27	comparison	comparison	NOUN
cblr-2946	871	28	that	that	SCONJ
cblr-2946	871	29	the	the	DET
cblr-2946	871	30	proposals	proposal	NOUN
cblr-2946	871	31	would	would	AUX
cblr-2946	871	32	be	be	AUX
cblr-2946	871	33	undertaken	undertake	VERB
cblr-2946	871	34	using	use	VERB
cblr-2946	871	35	the	the	DET
cblr-2946	871	36	same	same	ADJ
cblr-2946	871	37	quality	quality	NOUN
cblr-2946	871	38	metric	metric	NOUN
cblr-2946	871	39	.	.	PUNCT
cblr-2946	872	1	the	the	DET
cblr-2946	872	2	proposals	proposal	NOUN
cblr-2946	872	3	differ	differ	VERB
cblr-2946	872	4	in	in	ADP
cblr-2946	872	5	four	four	NUM
cblr-2946	872	6	primary	primary	ADJ
cblr-2946	872	7	respects	respect	NOUN
cblr-2946	872	8	.	.	PUNCT
cblr-2946	873	1	first	first	ADV
cblr-2946	873	2	,	,	PUNCT
cblr-2946	873	3	professor	professor	NOUN
cblr-2946	873	4	coffee	coffee	NOUN
cblr-2946	873	5	's	's	PART
cblr-2946	873	6	proposal	proposal	NOUN
cblr-2946	873	7	would	would	AUX
cblr-2946	873	8	sanction	sanction	VERB
cblr-2946	873	9	a	a	DET
cblr-2946	873	10	cra	cra	PROPN
cblr-2946	873	11	by	by	ADP
cblr-2946	873	12	removing	remove	VERB
cblr-2946	873	13	its	its	PRON
cblr-2946	873	14	nrsro	nrsro	ADJ
cblr-2946	873	15	designation	designation	NOUN
cblr-2946	873	16	for	for	ADP
cblr-2946	873	17	a	a	DET
cblr-2946	873	18	particular	particular	ADJ
cblr-2946	873	19	asset	asset	NOUN
cblr-2946	873	20	class	class	NOUN
cblr-2946	873	21	and	and	CCONJ
cblr-2946	873	22	letter	letter	NOUN
cblr-2946	873	23	category	category	NOUN
cblr-2946	873	24	.	.	PUNCT
cblr-2946	874	1	this	this	DET
cblr-2946	874	2	penalty	penalty	NOUN
cblr-2946	874	3	would	would	AUX
cblr-2946	874	4	primarily	primarily	ADV
cblr-2946	874	5	impact	impact	VERB
cblr-2946	874	6	the	the	DET
cblr-2946	874	7	nrsro	nrsro	NOUN
cblr-2946	874	8	's	's	PART
cblr-2946	874	9	future	future	ADJ
cblr-2946	874	10	revenues	revenue	NOUN
cblr-2946	874	11	and	and	CCONJ
cblr-2946	874	12	profitability	profitability	NOUN
cblr-2946	874	13	,	,	PUNCT
cblr-2946	874	14	since	since	SCONJ
cblr-2946	874	15	investors	investor	NOUN
cblr-2946	874	16	would	would	AUX
cblr-2946	874	17	not	not	PART
cblr-2946	874	18	be	be	AUX
cblr-2946	874	19	able	able	ADJ
cblr-2946	874	20	to	to	PART
cblr-2946	874	21	rely	rely	VERB
cblr-2946	874	22	on	on	ADP
cblr-2946	874	23	the	the	DET
cblr-2946	874	24	cra	cra	PROPN
cblr-2946	874	25	's	's	PART
cblr-2946	874	26	rating	rating	NOUN
cblr-2946	874	27	for	for	ADP
cblr-2946	874	28	the	the	DET
cblr-2946	874	29	effected	effect	VERB
cblr-2946	874	30	asset	asset	NOUN
cblr-2946	874	31	class	class	NOUN
cblr-2946	874	32	and	and	CCONJ
cblr-2946	874	33	letter	letter	NOUN
cblr-2946	874	34	grade	grade	NOUN
cblr-2946	874	35	until	until	SCONJ
cblr-2946	874	36	the	the	DET
cblr-2946	874	37	agency	agency	NOUN
cblr-2946	874	38	's	's	PART
cblr-2946	874	39	ratings	rating	NOUN
cblr-2946	874	40	began	begin	VERB
cblr-2946	874	41	performing	perform	VERB
cblr-2946	874	42	above	above	ADP
cblr-2946	874	43	the	the	DET
cblr-2946	874	44	required	require	VERB
cblr-2946	874	45	quality	quality	NOUN
cblr-2946	874	46	threshold	threshold	NOUN
cblr-2946	874	47	.	.	PUNCT
cblr-2946	875	1	in	in	ADP
cblr-2946	875	2	244	244	NUM
cblr-2946	875	3	i	i	PRON
cblr-2946	875	4	d.	d.	PROPN
cblr-2946	875	5	at	at	ADP
cblr-2946	875	6	207	207	NUM
cblr-2946	875	7	.	.	PUNCT
cblr-2946	876	1	245	245	NUM
cblr-2946	876	2	i	i	PRON
cblr-2946	876	3	d.	d.	PROPN
cblr-2946	876	4	at	at	ADP
cblr-2946	876	5	201	201	NUM
cblr-2946	876	6	(	(	PUNCT
cblr-2946	876	7	noting	note	VERB
cblr-2946	876	8	that	that	SCONJ
cblr-2946	876	9	the	the	DET
cblr-2946	876	10	accuracy	accuracy	NOUN
cblr-2946	876	11	ratio	ratio	NOUN
cblr-2946	876	12	is	be	AUX
cblr-2946	876	13	a	a	DET
cblr-2946	876	14	"	"	PUNCT
cblr-2946	876	15	way	way	NOUN
cblr-2946	876	16	of	of	ADP
cblr-2946	876	17	expressing	express	VERB
cblr-2946	876	18	the	the	DET
cblr-2946	876	19	performance	performance	NOUN
cblr-2946	876	20	of	of	ADP
cblr-2946	876	21	an	an	DET
cblr-2946	876	22	ordinal	ordinal	ADJ
cblr-2946	876	23	rating	rating	NOUN
cblr-2946	876	24	system	system	NOUN
cblr-2946	876	25	in	in	ADP
cblr-2946	876	26	terms	term	NOUN
cblr-2946	876	27	of	of	ADP
cblr-2946	876	28	a	a	DET
cblr-2946	876	29	single	single	ADJ
cblr-2946	876	30	number	number	NOUN
cblr-2946	876	31	"	"	PUNCT
cblr-2946	876	32	)	)	PUNCT
cblr-2946	876	33	.	.	PUNCT
cblr-2946	877	1	246	246	NUM
cblr-2946	878	1	i	i	PRON
cblr-2946	878	2	d.	d.	PROPN
cblr-2946	878	3	at	at	ADP
cblr-2946	878	4	203	203	NUM
cblr-2946	878	5	,	,	PUNCT
cblr-2946	878	6	205	205	NUM
cblr-2946	878	7	.	.	X
cblr-2946	878	8	247	247	NUM
cblr-2946	879	1	i	i	PRON
cblr-2946	879	2	d.	d.	PROPN
cblr-2946	879	3	at	at	ADP
cblr-2946	879	4	205	205	NUM
cblr-2946	879	5	.	.	PUNCT
cblr-2946	880	1	248	248	NUM
cblr-2946	881	1	i	i	PRON
cblr-2946	881	2	d.	d.	VERB
cblr-2946	881	3	at	at	ADP
cblr-2946	881	4	206	206	NUM
cblr-2946	881	5	.	.	PUNCT
cblr-2946	882	1	[	[	X
cblr-2946	882	2	vol	vol	NOUN
cblr-2946	882	3	.	.	PUNCT
cblr-2946	882	4	2009	2009	NUM
cblr-2946	882	5	no	no	NOUN
cblr-2946	882	6	.	.	PUNCT
cblr-2946	883	1	2:605	2:605	NUM
cblr-2946	883	2	]	]	X
cblr-2946	883	3	credit	credit	NOUN
cblr-2946	883	4	rating	rating	NOUN
cblr-2946	883	5	agencies	agency	NOUN
cblr-2946	883	6	and	and	CCONJ
cblr-2946	883	7	the	the	DET
cblr-2946	883	8	credit	credit	NOUN
cblr-2946	883	9	crisis	crisis	NOUN
cblr-2946	883	10	663	663	NUM
cblr-2946	883	11	contrast	contrast	NOUN
cblr-2946	883	12	,	,	PUNCT
cblr-2946	883	13	the	the	DET
cblr-2946	883	14	hunt	hunt	NOUN
cblr-2946	883	15	proposal	proposal	NOUN
cblr-2946	883	16	would	would	AUX
cblr-2946	883	17	force	force	VERB
cblr-2946	883	18	an	an	DET
cblr-2946	883	19	underperforming	underperforming	ADJ
cblr-2946	883	20	cra	cra	PROPN
cblr-2946	883	21	to	to	PART
cblr-2946	883	22	disgorge	disgorge	VERB
cblr-2946	883	23	profits	profit	NOUN
cblr-2946	883	24	that	that	SCONJ
cblr-2946	883	25	the	the	DET
cblr-2946	883	26	cra	cra	PROPN
cblr-2946	883	27	had	have	AUX
cblr-2946	883	28	already	already	ADV
cblr-2946	883	29	earned	earn	VERB
cblr-2946	883	30	.	.	PUNCT
cblr-2946	884	1	second	second	ADJ
cblr-2946	884	2	,	,	PUNCT
cblr-2946	884	3	a	a	DET
cblr-2946	884	4	cra	cra	PROPN
cblr-2946	884	5	sanctioned	sanction	VERB
cblr-2946	884	6	under	under	ADP
cblr-2946	884	7	the	the	DET
cblr-2946	884	8	coffee	coffee	NOUN
cblr-2946	884	9	proposal	proposal	NOUN
cblr-2946	884	10	would	would	AUX
cblr-2946	884	11	lose	lose	VERB
cblr-2946	884	12	its	its	PRON
cblr-2946	884	13	nrsro	nrsro	ADJ
cblr-2946	884	14	designation	designation	NOUN
cblr-2946	884	15	for	for	ADP
cblr-2946	884	16	a	a	DET
cblr-2946	884	17	particular	particular	ADJ
cblr-2946	884	18	asset	asset	NOUN
cblr-2946	884	19	class	class	NOUN
cblr-2946	884	20	and	and	CCONJ
cblr-2946	884	21	letter	letter	NOUN
cblr-2946	884	22	grade	grade	NOUN
cblr-2946	884	23	,	,	PUNCT
cblr-2946	884	24	while	while	SCONJ
cblr-2946	884	25	an	an	DET
cblr-2946	884	26	agency	agency	NOUN
cblr-2946	884	27	penalized	penalize	VERB
cblr-2946	884	28	under	under	ADP
cblr-2946	884	29	the	the	DET
cblr-2946	884	30	hunt	hunt	NOUN
cblr-2946	884	31	proposal	proposal	NOUN
cblr-2946	884	32	would	would	AUX
cblr-2946	884	33	lose	lose	VERB
cblr-2946	884	34	the	the	DET
cblr-2946	884	35	profits	profit	NOUN
cblr-2946	884	36	it	it	PRON
cblr-2946	884	37	earned	earn	VERB
cblr-2946	884	38	over	over	ADP
cblr-2946	884	39	a	a	DET
cblr-2946	884	40	set	set	VERB
cblr-2946	884	41	time	time	NOUN
cblr-2946	884	42	period	period	NOUN
cblr-2946	884	43	for	for	ADP
cblr-2946	884	44	a	a	DET
cblr-2946	884	45	product	product	NOUN
cblr-2946	884	46	type	type	NOUN
cblr-2946	884	47	and	and	CCONJ
cblr-2946	884	48	vintage	vintage	NOUN
cblr-2946	884	49	.	.	PUNCT
cblr-2946	885	1	thus	thus	ADV
cblr-2946	885	2	,	,	PUNCT
cblr-2946	885	3	mr	mr	PROPN
cblr-2946	885	4	.	.	PROPN
cblr-2946	885	5	hunt	hunt	PROPN
cblr-2946	885	6	's	's	PART
cblr-2946	885	7	proposal	proposal	NOUN
cblr-2946	885	8	would	would	AUX
cblr-2946	885	9	review	review	VERB
cblr-2946	885	10	a	a	DET
cblr-2946	885	11	cra	cra	PROPN
cblr-2946	885	12	's	's	PART
cblr-2946	885	13	performance	performance	NOUN
cblr-2946	885	14	in	in	ADP
cblr-2946	885	15	more	more	ADV
cblr-2946	885	16	narrow	narrow	ADJ
cblr-2946	885	17	increments	increment	NOUN
cblr-2946	885	18	because	because	SCONJ
cblr-2946	885	19	a	a	DET
cblr-2946	885	20	product	product	NOUN
cblr-2946	885	21	type	type	NOUN
cblr-2946	885	22	may	may	AUX
cblr-2946	885	23	not	not	PART
cblr-2946	885	24	be	be	AUX
cblr-2946	885	25	construed	construe	VERB
cblr-2946	885	26	as	as	ADP
cblr-2946	885	27	broadly	broadly	ADV
cblr-2946	885	28	as	as	ADP
cblr-2946	885	29	an	an	DET
cblr-2946	885	30	asset	asset	NOUN
cblr-2946	885	31	class	class	NOUN
cblr-2946	885	32	and	and	CCONJ
cblr-2946	885	33	because	because	SCONJ
cblr-2946	885	34	the	the	DET
cblr-2946	885	35	performance	performance	NOUN
cblr-2946	885	36	of	of	ADP
cblr-2946	885	37	each	each	DET
cblr-2946	885	38	product	product	NOUN
cblr-2946	885	39	type	type	NOUN
cblr-2946	885	40	would	would	AUX
cblr-2946	885	41	be	be	AUX
cblr-2946	885	42	reviewed	review	VERB
cblr-2946	885	43	by	by	ADP
cblr-2946	885	44	year	year	NOUN
cblr-2946	885	45	of	of	ADP
cblr-2946	885	46	issuance	issuance	NOUN
cblr-2946	885	47	.	.	PUNCT
cblr-2946	886	1	third	third	ADJ
cblr-2946	886	2	,	,	PUNCT
cblr-2946	886	3	while	while	SCONJ
cblr-2946	886	4	both	both	DET
cblr-2946	886	5	proposals	proposal	NOUN
cblr-2946	886	6	do	do	AUX
cblr-2946	886	7	not	not	PART
cblr-2946	886	8	inquire	inquire	VERB
cblr-2946	886	9	into	into	ADP
cblr-2946	886	10	a	a	DET
cblr-2946	886	11	cra	cra	PROPN
cblr-2946	886	12	's	's	PART
cblr-2946	886	13	standard	standard	NOUN
cblr-2946	886	14	of	of	ADP
cblr-2946	886	15	care	care	NOUN
cblr-2946	886	16	,	,	PUNCT
cblr-2946	886	17	mr	mr	PROPN
cblr-2946	886	18	.	.	PROPN
cblr-2946	886	19	hunt	hunt	PROPN
cblr-2946	886	20	would	would	AUX
cblr-2946	886	21	grant	grant	VERB
cblr-2946	886	22	a	a	DET
cblr-2946	886	23	reprieve	reprieve	NOUN
cblr-2946	886	24	if	if	SCONJ
cblr-2946	886	25	the	the	DET
cblr-2946	886	26	cra	cra	PROPN
cblr-2946	886	27	disclosed	disclose	VERB
cblr-2946	886	28	ahead	ahead	ADV
cblr-2946	886	29	of	of	ADP
cblr-2946	886	30	time	time	NOUN
cblr-2946	886	31	that	that	PRON
cblr-2946	886	32	its	its	PRON
cblr-2946	886	33	ratings	rating	NOUN
cblr-2946	886	34	were	be	AUX
cblr-2946	886	35	of	of	ADP
cblr-2946	886	36	low	low	ADJ
cblr-2946	886	37	quality	quality	NOUN
cblr-2946	886	38	.	.	PUNCT
cblr-2946	887	1	the	the	DET
cblr-2946	887	2	coffee	coffee	NOUN
cblr-2946	887	3	proposal	proposal	NOUN
cblr-2946	887	4	does	do	AUX
cblr-2946	887	5	not	not	PART
cblr-2946	887	6	provide	provide	VERB
cblr-2946	887	7	such	such	ADJ
cblr-2946	887	8	leeway	leeway	NOUN
cblr-2946	887	9	to	to	ADP
cblr-2946	887	10	the	the	DET
cblr-2946	887	11	agencies	agency	NOUN
cblr-2946	887	12	.	.	PUNCT
cblr-2946	888	1	fourth	fourth	ADJ
cblr-2946	888	2	,	,	PUNCT
cblr-2946	888	3	mr	mr	PROPN
cblr-2946	888	4	.	.	PROPN
cblr-2946	888	5	hunt	hunt	PROPN
cblr-2946	888	6	's	's	PART
cblr-2946	888	7	proposal	proposal	NOUN
cblr-2946	888	8	is	be	AUX
cblr-2946	888	9	concerned	concern	VERB
cblr-2946	888	10	only	only	ADV
cblr-2946	888	11	with	with	ADP
cblr-2946	888	12	ratings	rating	NOUN
cblr-2946	888	13	on	on	ADP
cblr-2946	888	14	new	new	ADJ
cblr-2946	888	15	products	product	NOUN
cblr-2946	888	16	,	,	PUNCT
cblr-2946	888	17	whereas	whereas	SCONJ
cblr-2946	888	18	the	the	DET
cblr-2946	888	19	coffee	coffee	NOUN
cblr-2946	888	20	proposal	proposal	NOUN
cblr-2946	888	21	does	do	AUX
cblr-2946	888	22	not	not	PART
cblr-2946	888	23	distinguish	distinguish	VERB
cblr-2946	888	24	between	between	ADP
cblr-2946	888	25	novel	novel	NOUN
cblr-2946	888	26	and	and	CCONJ
cblr-2946	888	27	established	establish	VERB
cblr-2946	888	28	securities	security	NOUN
cblr-2946	888	29	.	.	PUNCT
cblr-2946	889	1	b.	b.	PROPN
cblr-2946	889	2	shared	share	VERB
cblr-2946	889	3	positives	positive	NOUN
cblr-2946	889	4	and	and	CCONJ
cblr-2946	889	5	negatives	negative	NOUN
cblr-2946	889	6	both	both	CCONJ
cblr-2946	889	7	the	the	DET
cblr-2946	889	8	coffee	coffee	NOUN
cblr-2946	889	9	and	and	CCONJ
cblr-2946	889	10	hunt	hunt	NOUN
cblr-2946	889	11	proposals	proposal	NOUN
cblr-2946	889	12	have	have	VERB
cblr-2946	889	13	several	several	ADJ
cblr-2946	889	14	shared	share	VERB
cblr-2946	889	15	positive	positive	ADJ
cblr-2946	889	16	attributes	attribute	NOUN
cblr-2946	889	17	that	that	PRON
cblr-2946	889	18	may	may	AUX
cblr-2946	889	19	make	make	VERB
cblr-2946	889	20	them	they	PRON
cblr-2946	889	21	effective	effective	ADJ
cblr-2946	889	22	proposals	proposal	NOUN
cblr-2946	889	23	for	for	ADP
cblr-2946	889	24	countering	counter	VERB
cblr-2946	889	25	the	the	DET
cblr-2946	889	26	issuer	issuer	NOUN
cblr-2946	889	27	pays	pay	VERB
cblr-2946	889	28	conflict	conflict	NOUN
cblr-2946	889	29	in	in	ADP
cblr-2946	889	30	the	the	DET
cblr-2946	889	31	context	context	NOUN
cblr-2946	889	32	of	of	ADP
cblr-2946	889	33	rating	rating	NOUN
cblr-2946	889	34	structured	structure	VERB
cblr-2946	889	35	finance	finance	NOUN
cblr-2946	889	36	products	product	NOUN
cblr-2946	889	37	.	.	PUNCT
cblr-2946	890	1	most	most	ADV
cblr-2946	890	2	obviously	obviously	ADV
cblr-2946	890	3	,	,	PUNCT
cblr-2946	890	4	both	both	DET
cblr-2946	890	5	proposals	proposal	NOUN
cblr-2946	890	6	impose	impose	VERB
cblr-2946	890	7	a	a	DET
cblr-2946	890	8	tangible	tangible	ADJ
cblr-2946	890	9	cost	cost	NOUN
cblr-2946	890	10	on	on	ADP
cblr-2946	890	11	the	the	DET
cblr-2946	890	12	cras	cra	NOUN
cblr-2946	890	13	in	in	ADP
cblr-2946	890	14	the	the	DET
cblr-2946	890	15	form	form	NOUN
cblr-2946	890	16	of	of	ADP
cblr-2946	890	17	lost	lose	VERB
cblr-2946	890	18	profits	profit	NOUN
cblr-2946	890	19	that	that	PRON
cblr-2946	890	20	would	would	AUX
cblr-2946	890	21	counterbalance	counterbalance	VERB
cblr-2946	890	22	any	any	DET
cblr-2946	890	23	gains	gain	NOUN
cblr-2946	890	24	derived	derive	VERB
cblr-2946	890	25	from	from	ADP
cblr-2946	890	26	issuing	issue	VERB
cblr-2946	890	27	inflated	inflated	ADJ
cblr-2946	890	28	ratings	rating	NOUN
cblr-2946	890	29	.	.	PUNCT
cblr-2946	891	1	moreover	moreover	ADV
cblr-2946	891	2	,	,	PUNCT
cblr-2946	891	3	several	several	ADJ
cblr-2946	891	4	benefits	benefit	NOUN
cblr-2946	891	5	flow	flow	NOUN
cblr-2946	891	6	from	from	ADP
cblr-2946	891	7	the	the	DET
cblr-2946	891	8	quasi	quasi	ADJ
cblr-2946	891	9	strict	strict	ADJ
cblr-2946	891	10	liability	liability	NOUN
cblr-2946	891	11	character	character	NOUN
cblr-2946	891	12	of	of	ADP
cblr-2946	891	13	the	the	DET
cblr-2946	891	14	proposals	proposal	NOUN
cblr-2946	891	15	.	.	PUNCT
cblr-2946	892	1	first	first	ADV
cblr-2946	892	2	,	,	PUNCT
cblr-2946	892	3	each	each	PRON
cblr-2946	892	4	seems	seem	VERB
cblr-2946	892	5	relatively	relatively	ADV
cblr-2946	892	6	straightforward	straightforward	ADJ
cblr-2946	892	7	and	and	CCONJ
cblr-2946	892	8	low	low	ADJ
cblr-2946	892	9	cost	cost	NOUN
cblr-2946	892	10	to	to	PART
cblr-2946	892	11	administer	administer	VERB
cblr-2946	892	12	.	.	PUNCT
cblr-2946	893	1	assuming	assume	VERB
cblr-2946	893	2	that	that	SCONJ
cblr-2946	893	3	both	both	DET
cblr-2946	893	4	proposals	proposal	NOUN
cblr-2946	893	5	were	be	AUX
cblr-2946	893	6	implemented	implement	VERB
cblr-2946	893	7	using	use	VERB
cblr-2946	893	8	default	default	NOUN
cblr-2946	893	9	rates	rate	NOUN
cblr-2946	893	10	,	,	PUNCT
cblr-2946	893	11	the	the	DET
cblr-2946	893	12	sec	sec	PROPN
cblr-2946	893	13	would	would	AUX
cblr-2946	893	14	need	need	VERB
cblr-2946	893	15	to	to	PART
cblr-2946	893	16	set	set	VERB
cblr-2946	893	17	the	the	DET
cblr-2946	893	18	appropriate	appropriate	ADJ
cblr-2946	893	19	threshold	threshold	NOUN
cblr-2946	893	20	default	default	NOUN
cblr-2946	893	21	rate	rate	NOUN
cblr-2946	893	22	for	for	ADP
cblr-2946	893	23	each	each	DET
cblr-2946	893	24	letter	letter	NOUN
cblr-2946	893	25	grade	grade	NOUN
cblr-2946	893	26	and	and	CCONJ
cblr-2946	893	27	then	then	ADV
cblr-2946	893	28	monitor	monitor	VERB
cblr-2946	893	29	defaults	default	NOUN
cblr-2946	893	30	by	by	ADP
cblr-2946	893	31	asset	asset	NOUN
cblr-2946	893	32	class	class	NOUN
cblr-2946	893	33	or	or	CCONJ
cblr-2946	893	34	product	product	NOUN
cblr-2946	893	35	type	type	NOUN
cblr-2946	893	36	.	.	PUNCT
cblr-2946	894	1	while	while	SCONJ
cblr-2946	894	2	the	the	DET
cblr-2946	894	3	sec	sec	PROPN
cblr-2946	894	4	would	would	AUX
cblr-2946	894	5	need	need	VERB
cblr-2946	894	6	to	to	PART
cblr-2946	894	7	expend	expend	VERB
cblr-2946	894	8	a	a	DET
cblr-2946	894	9	meaningful	meaningful	ADJ
cblr-2946	894	10	level	level	NOUN
cblr-2946	894	11	of	of	ADP
cblr-2946	894	12	resources	resource	NOUN
cblr-2946	894	13	to	to	PART
cblr-2946	894	14	administer	administer	VERB
cblr-2946	894	15	the	the	DET
cblr-2946	894	16	program	program	NOUN
cblr-2946	894	17	,	,	PUNCT
cblr-2946	894	18	it	it	PRON
cblr-2946	894	19	would	would	AUX
cblr-2946	894	20	probably	probably	ADV
cblr-2946	894	21	be	be	AUX
cblr-2946	894	22	less	less	ADV
cblr-2946	894	23	costly	costly	ADJ
cblr-2946	894	24	to	to	PART
cblr-2946	894	25	run	run	VERB
cblr-2946	894	26	than	than	ADP
cblr-2946	894	27	a	a	DET
cblr-2946	894	28	system	system	NOUN
cblr-2946	894	29	that	that	PRON
cblr-2946	894	30	actually	actually	ADV
cblr-2946	894	31	inquired	inquire	VERB
cblr-2946	894	32	whether	whether	SCONJ
cblr-2946	894	33	particular	particular	ADJ
cblr-2946	894	34	ratings	rating	NOUN
cblr-2946	894	35	were	be	AUX
cblr-2946	894	36	truly	truly	ADV
cblr-2946	894	37	compromised	compromise	VERB
cblr-2946	894	38	by	by	ADP
cblr-2946	894	39	the	the	DET
cblr-2946	894	40	issuer	issuer	NOUN
cblr-2946	894	41	pays	pay	VERB
cblr-2946	894	42	conflict	conflict	NOUN
cblr-2946	894	43	.	.	PUNCT
cblr-2946	895	1	second	second	ADJ
cblr-2946	895	2	,	,	PUNCT
cblr-2946	895	3	whereas	whereas	SCONJ
cblr-2946	895	4	a	a	DET
cblr-2946	895	5	disclosure	disclosure	NOUN
cblr-2946	895	6	-	-	PUNCT
cblr-2946	895	7	based	base	VERB
cblr-2946	895	8	system	system	NOUN
cblr-2946	895	9	places	place	VERB
cblr-2946	895	10	the	the	DET
cblr-2946	895	11	onus	onus	NOUN
cblr-2946	895	12	on	on	ADP
cblr-2946	895	13	the	the	DET
cblr-2946	895	14	columbia	columbia	PROPN
cblr-2946	895	15	business	business	PROPN
cblr-2946	895	16	law	law	PROPN
cblr-2946	895	17	review	review	VERB
cblr-2946	895	18	investor	investor	NOUN
cblr-2946	895	19	to	to	PART
cblr-2946	895	20	evaluate	evaluate	VERB
cblr-2946	895	21	whether	whether	SCONJ
cblr-2946	895	22	ratings	rating	NOUN
cblr-2946	895	23	are	be	AUX
cblr-2946	895	24	compromised	compromise	VERB
cblr-2946	895	25	,	,	PUNCT
cblr-2946	895	26	a	a	DET
cblr-2946	895	27	quasi	quasi	ADJ
cblr-2946	895	28	strict	strict	ADJ
cblr-2946	895	29	liability	liability	NOUN
cblr-2946	895	30	system	system	NOUN
cblr-2946	895	31	shifts	shift	NOUN
cblr-2946	895	32	the	the	DET
cblr-2946	895	33	burden	burden	NOUN
cblr-2946	895	34	to	to	ADP
cblr-2946	895	35	the	the	DET
cblr-2946	895	36	cras	cras	PROPN
cblr-2946	895	37	to	to	PART
cblr-2946	895	38	perform	perform	VERB
cblr-2946	895	39	up	up	ADP
cblr-2946	895	40	to	to	ADP
cblr-2946	895	41	the	the	DET
cblr-2946	895	42	required	require	VERB
cblr-2946	895	43	quality	quality	NOUN
cblr-2946	895	44	level	level	NOUN
cblr-2946	895	45	.	.	PUNCT
cblr-2946	896	1	third	third	ADJ
cblr-2946	896	2	,	,	PUNCT
cblr-2946	896	3	by	by	ADP
cblr-2946	896	4	refraining	refrain	VERB
cblr-2946	896	5	from	from	ADP
cblr-2946	896	6	inquiring	inquire	VERB
cblr-2946	896	7	into	into	ADP
cblr-2946	896	8	the	the	DET
cblr-2946	896	9	standard	standard	NOUN
cblr-2946	896	10	of	of	ADP
cblr-2946	896	11	care	care	NOUN
cblr-2946	896	12	used	use	VERB
cblr-2946	896	13	by	by	ADP
cblr-2946	896	14	a	a	DET
cblr-2946	896	15	cra	cra	PROPN
cblr-2946	896	16	or	or	CCONJ
cblr-2946	896	17	into	into	ADP
cblr-2946	896	18	the	the	DET
cblr-2946	896	19	particular	particular	ADJ
cblr-2946	896	20	processes	process	NOUN
cblr-2946	896	21	employed	employ	VERB
cblr-2946	896	22	,	,	PUNCT
cblr-2946	896	23	the	the	DET
cblr-2946	896	24	proposals	proposal	NOUN
cblr-2946	896	25	seem	seem	VERB
cblr-2946	896	26	consistent	consistent	ADJ
cblr-2946	896	27	with	with	ADP
cblr-2946	896	28	statutory	statutory	ADJ
cblr-2946	896	29	limits	limit	NOUN
cblr-2946	896	30	on	on	ADP
cblr-2946	896	31	the	the	DET
cblr-2946	896	32	sec	sec	PROPN
cblr-2946	896	33	's	's	PART
cblr-2946	896	34	authority	authority	NOUN
cblr-2946	896	35	to	to	PART
cblr-2946	896	36	regulate	regulate	VERB
cblr-2946	896	37	the	the	DET
cblr-2946	896	38	substance	substance	NOUN
cblr-2946	896	39	of	of	ADP
cblr-2946	896	40	credit	credit	NOUN
cblr-2946	896	41	ratings.249	ratings.249	NOUN
cblr-2946	896	42	in	in	ADP
cblr-2946	896	43	addition	addition	NOUN
cblr-2946	896	44	to	to	ADP
cblr-2946	896	45	these	these	DET
cblr-2946	896	46	benefits	benefit	NOUN
cblr-2946	896	47	,	,	PUNCT
cblr-2946	896	48	these	these	DET
cblr-2946	896	49	proposals	proposal	NOUN
cblr-2946	896	50	both	both	PRON
cblr-2946	896	51	contain	contain	VERB
cblr-2946	896	52	relatively	relatively	ADV
cblr-2946	896	53	high	high	ADJ
cblr-2946	896	54	visibility	visibility	NOUN
cblr-2946	896	55	sanctions	sanction	NOUN
cblr-2946	896	56	.	.	PUNCT
cblr-2946	897	1	if	if	SCONJ
cblr-2946	897	2	a	a	DET
cblr-2946	897	3	cra	cra	PROPN
cblr-2946	897	4	either	either	CCONJ
cblr-2946	897	5	loses	lose	VERB
cblr-2946	897	6	part	part	NOUN
cblr-2946	897	7	of	of	ADP
cblr-2946	897	8	its	its	PRON
cblr-2946	897	9	nrsro	nrsro	ADJ
cblr-2946	897	10	status	status	NOUN
cblr-2946	897	11	or	or	CCONJ
cblr-2946	897	12	is	be	AUX
cblr-2946	897	13	forced	force	VERB
cblr-2946	897	14	to	to	PART
cblr-2946	897	15	disgorge	disgorge	VERB
cblr-2946	897	16	profits	profit	NOUN
cblr-2946	897	17	,	,	PUNCT
cblr-2946	897	18	it	it	PRON
cblr-2946	897	19	would	would	AUX
cblr-2946	897	20	probably	probably	ADV
cblr-2946	897	21	be	be	AUX
cblr-2946	897	22	subject	subject	ADJ
cblr-2946	897	23	to	to	ADP
cblr-2946	897	24	negative	negative	ADJ
cblr-2946	897	25	publicity	publicity	NOUN
cblr-2946	897	26	.	.	PUNCT
cblr-2946	898	1	this	this	PRON
cblr-2946	898	2	may	may	AUX
cblr-2946	898	3	provide	provide	VERB
cblr-2946	898	4	an	an	DET
cblr-2946	898	5	added	add	VERB
cblr-2946	898	6	incentive	incentive	NOUN
cblr-2946	898	7	to	to	ADP
cblr-2946	898	8	cras	cras	PROPN
cblr-2946	898	9	to	to	PART
cblr-2946	898	10	produce	produce	VERB
cblr-2946	898	11	accurate	accurate	ADJ
cblr-2946	898	12	ratings	rating	NOUN
cblr-2946	898	13	.	.	PUNCT
cblr-2946	899	1	last	last	ADJ
cblr-2946	899	2	,	,	PUNCT
cblr-2946	899	3	the	the	DET
cblr-2946	899	4	proposals	proposal	NOUN
cblr-2946	899	5	appear	appear	VERB
cblr-2946	899	6	to	to	PART
cblr-2946	899	7	provide	provide	VERB
cblr-2946	899	8	for	for	ADP
cblr-2946	899	9	measured	measure	VERB
cblr-2946	899	10	sanctions	sanction	NOUN
cblr-2946	899	11	and	and	CCONJ
cblr-2946	899	12	would	would	AUX
cblr-2946	899	13	likely	likely	ADV
cblr-2946	899	14	not	not	PART
cblr-2946	899	15	result	result	VERB
cblr-2946	899	16	in	in	ADP
cblr-2946	899	17	astronomic	astronomic	ADJ
cblr-2946	899	18	liability	liability	NOUN
cblr-2946	899	19	.	.	PUNCT
cblr-2946	900	1	these	these	DET
cblr-2946	900	2	proposals	proposal	NOUN
cblr-2946	900	3	also	also	ADV
cblr-2946	900	4	contain	contain	VERB
cblr-2946	900	5	possible	possible	ADJ
cblr-2946	900	6	downsides	downside	NOUN
cblr-2946	900	7	.	.	PUNCT
cblr-2946	901	1	one	one	NUM
cblr-2946	901	2	potential	potential	ADJ
cblr-2946	901	3	problem	problem	NOUN
cblr-2946	901	4	,	,	PUNCT
cblr-2946	901	5	which	which	PRON
cblr-2946	901	6	is	be	AUX
cblr-2946	901	7	inherent	inherent	ADJ
cblr-2946	901	8	in	in	ADP
cblr-2946	901	9	any	any	DET
cblr-2946	901	10	proposal	proposal	NOUN
cblr-2946	901	11	with	with	ADP
cblr-2946	901	12	a	a	DET
cblr-2946	901	13	strict	strict	ADJ
cblr-2946	901	14	liability	liability	NOUN
cblr-2946	901	15	flavor	flavor	NOUN
cblr-2946	901	16	,	,	PUNCT
cblr-2946	901	17	is	be	AUX
cblr-2946	901	18	the	the	DET
cblr-2946	901	19	risk	risk	NOUN
cblr-2946	901	20	of	of	ADP
cblr-2946	901	21	overdeterrence	overdeterrence	NOUN
cblr-2946	901	22	.	.	PUNCT
cblr-2946	902	1	the	the	DET
cblr-2946	902	2	goal	goal	NOUN
cblr-2946	902	3	in	in	ADP
cblr-2946	902	4	creating	create	VERB
cblr-2946	902	5	a	a	DET
cblr-2946	902	6	performance	performance	NOUN
cblr-2946	902	7	-	-	PUNCT
cblr-2946	902	8	based	base	VERB
cblr-2946	902	9	sanction	sanction	NOUN
cblr-2946	902	10	to	to	PART
cblr-2946	902	11	counteract	counteract	VERB
cblr-2946	902	12	the	the	DET
cblr-2946	902	13	issuer	issuer	NOUN
cblr-2946	902	14	pays	pay	VERB
cblr-2946	902	15	conflict	conflict	NOUN
cblr-2946	902	16	would	would	AUX
cblr-2946	902	17	be	be	AUX
cblr-2946	902	18	to	to	PART
cblr-2946	902	19	subject	subject	VERB
cblr-2946	902	20	cras	cras	PROPN
cblr-2946	902	21	to	to	ADP
cblr-2946	902	22	the	the	DET
cblr-2946	902	23	optimal	optimal	ADJ
cblr-2946	902	24	level	level	NOUN
cblr-2946	902	25	of	of	ADP
cblr-2946	902	26	legal	legal	ADJ
cblr-2946	902	27	threat	threat	NOUN
cblr-2946	902	28	,	,	PUNCT
cblr-2946	902	29	but	but	CCONJ
cblr-2946	902	30	default	default	NOUN
cblr-2946	902	31	rates	rate	NOUN
cblr-2946	902	32	would	would	AUX
cblr-2946	902	33	not	not	PART
cblr-2946	902	34	be	be	AUX
cblr-2946	902	35	a	a	DET
cblr-2946	902	36	perfect	perfect	ADJ
cblr-2946	902	37	proxy	proxy	NOUN
cblr-2946	902	38	for	for	ADP
cblr-2946	902	39	compromised	compromise	VERB
cblr-2946	902	40	ratings	rating	NOUN
cblr-2946	902	41	.	.	PUNCT
cblr-2946	903	1	250	250	NUM
cblr-2946	903	2	a	a	DET
cblr-2946	903	3	cra	cra	PROPN
cblr-2946	903	4	might	might	AUX
cblr-2946	903	5	underperform	underperform	VERB
cblr-2946	903	6	relative	relative	ADJ
cblr-2946	903	7	to	to	ADP
cblr-2946	903	8	the	the	DET
cblr-2946	903	9	predetermined	predetermine	VERB
cblr-2946	903	10	quality	quality	NOUN
cblr-2946	903	11	metric	metric	NOUN
cblr-2946	903	12	if	if	SCONJ
cblr-2946	903	13	correlated	correlate	VERB
cblr-2946	903	14	macroeconomic	macroeconomic	ADJ
cblr-2946	903	15	events	event	NOUN
cblr-2946	903	16	cause	cause	VERB
cblr-2946	903	17	many	many	ADJ
cblr-2946	903	18	securities	security	NOUN
cblr-2946	903	19	to	to	PART
cblr-2946	903	20	default	default	VERB
cblr-2946	903	21	for	for	ADP
cblr-2946	903	22	reasons	reason	NOUN
cblr-2946	903	23	completely	completely	ADV
cblr-2946	903	24	unrelated	unrelated	ADJ
cblr-2946	903	25	to	to	ADP
cblr-2946	903	26	conflicts	conflict	NOUN
cblr-2946	903	27	of	of	ADP
cblr-2946	903	28	interest	interest	NOUN
cblr-2946	903	29	.	.	PUNCT
cblr-2946	904	1	however	however	ADV
cblr-2946	904	2	,	,	PUNCT
cblr-2946	904	3	the	the	DET
cblr-2946	904	4	sec	sec	PROPN
cblr-2946	904	5	could	could	AUX
cblr-2946	904	6	choose	choose	VERB
cblr-2946	904	7	to	to	ADP
cblr-2946	904	8	forego	forego	ADJ
cblr-2946	904	9	sanctions	sanction	NOUN
cblr-2946	904	10	if	if	SCONJ
cblr-2946	904	11	it	it	PRON
cblr-2946	904	12	appeared	appear	VERB
cblr-2946	904	13	the	the	DET
cblr-2946	904	14	underperformance	underperformance	NOUN
cblr-2946	904	15	resulted	result	VERB
cblr-2946	904	16	from	from	ADP
cblr-2946	904	17	something	something	PRON
cblr-2946	904	18	truly	truly	ADV
cblr-2946	904	19	extraordinary	extraordinary	ADJ
cblr-2946	904	20	.	.	PUNCT
cblr-2946	905	1	a	a	DET
cblr-2946	905	2	second	second	ADJ
cblr-2946	905	3	possible	possible	ADJ
cblr-2946	905	4	problem	problem	NOUN
cblr-2946	905	5	may	may	AUX
cblr-2946	905	6	be	be	AUX
cblr-2946	905	7	the	the	DET
cblr-2946	905	8	impact	impact	NOUN
cblr-2946	905	9	on	on	ADP
cblr-2946	905	10	smaller	small	ADJ
cblr-2946	905	11	rating	rating	NOUN
cblr-2946	905	12	agencies	agency	NOUN
cblr-2946	905	13	that	that	PRON
cblr-2946	905	14	are	be	AUX
cblr-2946	905	15	trying	try	VERB
cblr-2946	905	16	to	to	PART
cblr-2946	905	17	establish	establish	VERB
cblr-2946	905	18	a	a	DET
cblr-2946	905	19	foothold	foothold	NOUN
cblr-2946	905	20	in	in	ADP
cblr-2946	905	21	the	the	DET
cblr-2946	905	22	industry	industry	NOUN
cblr-2946	905	23	.	.	PUNCT
cblr-2946	906	1	a	a	DET
cblr-2946	906	2	small	small	ADJ
cblr-2946	906	3	new	new	ADJ
cblr-2946	906	4	entrant	entrant	NOUN
cblr-2946	906	5	may	may	AUX
cblr-2946	906	6	not	not	PART
cblr-2946	906	7	as	as	ADV
cblr-2946	906	8	easily	easily	ADV
cblr-2946	906	9	be	be	AUX
cblr-2946	906	10	able	able	ADJ
cblr-2946	906	11	to	to	PART
cblr-2946	906	12	withstand	withstand	VERB
cblr-2946	906	13	a	a	DET
cblr-2946	906	14	sanction	sanction	NOUN
cblr-2946	906	15	as	as	ADP
cblr-2946	906	16	an	an	DET
cblr-2946	906	17	established	establish	VERB
cblr-2946	906	18	cra	cra	PROPN
cblr-2946	906	19	.	.	PUNCT
cblr-2946	907	1	from	from	ADP
cblr-2946	907	2	a	a	DET
cblr-2946	907	3	different	different	ADJ
cblr-2946	907	4	angle	angle	NOUN
cblr-2946	907	5	,	,	PUNCT
cblr-2946	907	6	a	a	DET
cblr-2946	907	7	cra	cra	PROPN
cblr-2946	907	8	will	will	AUX
cblr-2946	907	9	only	only	ADV
cblr-2946	907	10	be	be	AUX
cblr-2946	907	11	subject	subject	ADJ
cblr-2946	907	12	to	to	ADP
cblr-2946	907	13	these	these	DET
cblr-2946	907	14	penalties	penalty	NOUN
cblr-2946	907	15	if	if	SCONJ
cblr-2946	907	16	it	it	PRON
cblr-2946	907	17	can	can	AUX
cblr-2946	907	18	not	not	PART
cblr-2946	907	19	perform	perform	VERB
cblr-2946	907	20	up	up	ADP
cblr-2946	907	21	to	to	ADP
cblr-2946	907	22	the	the	DET
cblr-2946	907	23	necessary	necessary	ADJ
cblr-2946	907	24	quality	quality	NOUN
cblr-2946	907	25	standard	standard	NOUN
cblr-2946	907	26	,	,	PUNCT
cblr-2946	907	27	so	so	ADV
cblr-2946	907	28	the	the	DET
cblr-2946	907	29	forced	force	VERB
cblr-2946	907	30	exit	exit	NOUN
cblr-2946	907	31	of	of	ADP
cblr-2946	907	32	a	a	DET
cblr-2946	907	33	low	low	ADJ
cblr-2946	907	34	-	-	PUNCT
cblr-2946	907	35	quality	quality	NOUN
cblr-2946	907	36	entrant	entrant	NOUN
cblr-2946	907	37	may	may	AUX
cblr-2946	907	38	not	not	PART
cblr-2946	907	39	necessarily	necessarily	ADV
cblr-2946	907	40	be	be	AUX
cblr-2946	907	41	a	a	DET
cblr-2946	907	42	bad	bad	ADJ
cblr-2946	907	43	thing	thing	NOUN
cblr-2946	907	44	.	.	PUNCT
cblr-2946	908	1	249	249	NUM
cblr-2946	908	2	15	15	NUM
cblr-2946	908	3	u.s.c	u.s.c	NOUN
cblr-2946	908	4	.	.	PUNCT
cblr-2946	909	1	§	§	PROPN
cblr-2946	909	2	78o-7(c)(2	78o-7(c)(2	NOUN
cblr-2946	909	3	)	)	PUNCT
cblr-2946	909	4	(	(	PUNCT
cblr-2946	909	5	2009	2009	NUM
cblr-2946	909	6	)	)	PUNCT
cblr-2946	909	7	.	.	PUNCT
cblr-2946	910	1	25	25	NUM
cblr-2946	910	2	see	see	VERB
cblr-2946	910	3	coffee	coffee	NOUN
cblr-2946	910	4	,	,	PUNCT
cblr-2946	910	5	gatekeeper	gatekeeper	NOUN
cblr-2946	910	6	failure	failure	NOUN
cblr-2946	910	7	,	,	PUNCT
cblr-2946	910	8	supra	supra	ADJ
cblr-2946	910	9	note	note	NOUN
cblr-2946	910	10	9	9	NUM
cblr-2946	910	11	,	,	PUNCT
cblr-2946	910	12	at	at	ADP
cblr-2946	910	13	345	345	NUM
cblr-2946	910	14	.	.	PUNCT
cblr-2946	911	1	[	[	X
cblr-2946	911	2	vol	vol	NOUN
cblr-2946	911	3	.	.	PUNCT
cblr-2946	911	4	2009	2009	NUM
cblr-2946	911	5	no	no	NOUN
cblr-2946	911	6	.	.	PUNCT
cblr-2946	912	1	2:605	2:605	NUM
cblr-2946	912	2	]	]	X
cblr-2946	912	3	credit	credit	NOUN
cblr-2946	912	4	ra	ra	PROPN
cblr-2946	912	5	ting	ting	PROPN
cblr-2946	912	6	agencies	agency	NOUN
cblr-2946	912	7	and	and	CCONJ
cblr-2946	912	8	the	the	DET
cblr-2946	912	9	credit	credit	NOUN
cblr-2946	912	10	crisis	crisis	NOUN
cblr-2946	912	11	665	665	NUM
cblr-2946	912	12	c.	c.	NOUN
cblr-2946	912	13	a	a	DET
cblr-2946	912	14	comparative	comparative	ADJ
cblr-2946	912	15	critique	critique	NOUN
cblr-2946	912	16	in	in	ADP
cblr-2946	912	17	general	general	ADJ
cblr-2946	912	18	,	,	PUNCT
cblr-2946	912	19	both	both	CCONJ
cblr-2946	912	20	the	the	DET
cblr-2946	912	21	coffee	coffee	NOUN
cblr-2946	912	22	proposal	proposal	NOUN
cblr-2946	912	23	and	and	CCONJ
cblr-2946	912	24	the	the	DET
cblr-2946	912	25	hunt	hunt	NOUN
cblr-2946	912	26	proposal	proposal	NOUN
cblr-2946	912	27	offer	offer	VERB
cblr-2946	912	28	many	many	ADJ
cblr-2946	912	29	benefits	benefit	NOUN
cblr-2946	912	30	that	that	PRON
cblr-2946	912	31	,	,	PUNCT
cblr-2946	912	32	on	on	ADP
cblr-2946	912	33	balance	balance	NOUN
cblr-2946	912	34	,	,	PUNCT
cblr-2946	912	35	appear	appear	VERB
cblr-2946	912	36	to	to	PART
cblr-2946	912	37	outweigh	outweigh	VERB
cblr-2946	912	38	their	their	PRON
cblr-2946	912	39	potential	potential	ADJ
cblr-2946	912	40	negative	negative	ADJ
cblr-2946	912	41	consequences	consequence	NOUN
cblr-2946	912	42	.	.	PUNCT
cblr-2946	913	1	the	the	DET
cblr-2946	913	2	proposals	proposal	NOUN
cblr-2946	913	3	are	be	AUX
cblr-2946	913	4	not	not	PART
cblr-2946	913	5	identical	identical	ADJ
cblr-2946	913	6	,	,	PUNCT
cblr-2946	913	7	though	though	ADV
cblr-2946	913	8	,	,	PUNCT
cblr-2946	913	9	so	so	ADV
cblr-2946	913	10	they	they	PRON
cblr-2946	913	11	do	do	AUX
cblr-2946	913	12	offer	offer	VERB
cblr-2946	913	13	competing	compete	VERB
cblr-2946	913	14	positive	positive	ADJ
cblr-2946	913	15	and	and	CCONJ
cblr-2946	913	16	negative	negative	ADJ
cblr-2946	913	17	attributes	attribute	NOUN
cblr-2946	913	18	.	.	PUNCT
cblr-2946	914	1	in	in	ADP
cblr-2946	914	2	particular	particular	ADJ
cblr-2946	914	3	,	,	PUNCT
cblr-2946	914	4	a	a	DET
cblr-2946	914	5	benefit	benefit	NOUN
cblr-2946	914	6	that	that	PRON
cblr-2946	914	7	may	may	AUX
cblr-2946	914	8	be	be	AUX
cblr-2946	914	9	unique	unique	ADJ
cblr-2946	914	10	to	to	ADP
cblr-2946	914	11	the	the	DET
cblr-2946	914	12	coffee	coffee	NOUN
cblr-2946	914	13	proposal	proposal	NOUN
cblr-2946	914	14	is	be	AUX
cblr-2946	914	15	the	the	DET
cblr-2946	914	16	particular	particular	ADJ
cblr-2946	914	17	stigma	stigma	NOUN
cblr-2946	914	18	that	that	PRON
cblr-2946	914	19	might	might	AUX
cblr-2946	914	20	attach	attach	VERB
cblr-2946	914	21	to	to	ADP
cblr-2946	914	22	a	a	DET
cblr-2946	914	23	cra	cra	PROPN
cblr-2946	914	24	when	when	SCONJ
cblr-2946	914	25	it	it	PRON
cblr-2946	914	26	loses	lose	VERB
cblr-2946	914	27	its	its	PRON
cblr-2946	914	28	nrsro	nrsro	ADJ
cblr-2946	914	29	status	status	NOUN
cblr-2946	914	30	.	.	PUNCT
cblr-2946	915	1	while	while	SCONJ
cblr-2946	915	2	both	both	DET
cblr-2946	915	3	proposals	proposal	NOUN
cblr-2946	915	4	offer	offer	VERB
cblr-2946	915	5	relatively	relatively	ADV
cblr-2946	915	6	high	high	ADJ
cblr-2946	915	7	visibility	visibility	NOUN
cblr-2946	915	8	sanctions	sanction	NOUN
cblr-2946	915	9	,	,	PUNCT
cblr-2946	915	10	the	the	DET
cblr-2946	915	11	true	true	ADJ
cblr-2946	915	12	threat	threat	NOUN
cblr-2946	915	13	of	of	ADP
cblr-2946	915	14	nrsro	nrsro	ADJ
cblr-2946	915	15	recognition	recognition	NOUN
cblr-2946	915	16	may	may	AUX
cblr-2946	915	17	motivate	motivate	VERB
cblr-2946	915	18	a	a	DET
cblr-2946	915	19	cra	cra	PROPN
cblr-2946	915	20	in	in	ADP
cblr-2946	915	21	a	a	DET
cblr-2946	915	22	way	way	NOUN
cblr-2946	915	23	that	that	SCONJ
cblr-2946	915	24	the	the	DET
cblr-2946	915	25	possibility	possibility	NOUN
cblr-2946	915	26	of	of	ADP
cblr-2946	915	27	profit	profit	NOUN
cblr-2946	915	28	disgorgement	disgorgement	NOUN
cblr-2946	915	29	may	may	AUX
cblr-2946	915	30	not	not	PART
cblr-2946	915	31	.	.	PUNCT
cblr-2946	916	1	on	on	ADP
cblr-2946	916	2	the	the	DET
cblr-2946	916	3	other	other	ADJ
cblr-2946	916	4	hand	hand	NOUN
cblr-2946	916	5	,	,	PUNCT
cblr-2946	916	6	however	however	ADV
cblr-2946	916	7	,	,	PUNCT
cblr-2946	916	8	issuers	issuer	NOUN
cblr-2946	916	9	and	and	CCONJ
cblr-2946	916	10	investors	investor	NOUN
cblr-2946	916	11	may	may	AUX
cblr-2946	916	12	strongly	strongly	ADV
cblr-2946	916	13	resist	resist	VERB
cblr-2946	916	14	a	a	DET
cblr-2946	916	15	proposed	propose	VERB
cblr-2946	916	16	regulation	regulation	NOUN
cblr-2946	916	17	that	that	PRON
cblr-2946	916	18	might	might	AUX
cblr-2946	916	19	actually	actually	ADV
cblr-2946	916	20	withdraw	withdraw	VERB
cblr-2946	916	21	nrsro	nrsro	ADJ
cblr-2946	916	22	status	status	NOUN
cblr-2946	916	23	from	from	ADP
cblr-2946	916	24	the	the	DET
cblr-2946	916	25	big	big	ADJ
cblr-2946	916	26	three	three	NUM
cblr-2946	916	27	cras	cras	X
cblr-2946	916	28	.	.	PUNCT
cblr-2946	917	1	if	if	SCONJ
cblr-2946	917	2	ratings	rating	NOUN
cblr-2946	917	3	remain	remain	VERB
cblr-2946	917	4	ingrained	ingrained	ADJ
cblr-2946	917	5	in	in	ADP
cblr-2946	917	6	the	the	DET
cblr-2946	917	7	regulatory	regulatory	ADJ
cblr-2946	917	8	framework	framework	NOUN
cblr-2946	917	9	,	,	PUNCT
cblr-2946	917	10	issuers	issuer	NOUN
cblr-2946	917	11	and	and	CCONJ
cblr-2946	917	12	investors	investor	NOUN
cblr-2946	917	13	may	may	AUX
cblr-2946	917	14	prefer	prefer	VERB
cblr-2946	917	15	to	to	PART
cblr-2946	917	16	retain	retain	VERB
cblr-2946	917	17	the	the	DET
cblr-2946	917	18	status	status	NOUN
cblr-2946	917	19	quo	quo	NOUN
cblr-2946	917	20	,	,	PUNCT
cblr-2946	917	21	even	even	ADV
cblr-2946	917	22	at	at	ADP
cblr-2946	917	23	risk	risk	NOUN
cblr-2946	917	24	of	of	ADP
cblr-2946	917	25	low	low	ADJ
cblr-2946	917	26	-	-	PUNCT
cblr-2946	917	27	quality	quality	NOUN
cblr-2946	917	28	ratings	rating	NOUN
cblr-2946	917	29	,	,	PUNCT
cblr-2946	917	30	than	than	SCONJ
cblr-2946	917	31	to	to	PART
cblr-2946	917	32	have	have	AUX
cblr-2946	917	33	to	to	PART
cblr-2946	917	34	work	work	VERB
cblr-2946	917	35	with	with	ADP
cblr-2946	917	36	new	new	ADJ
cblr-2946	917	37	cras	cra	NOUN
cblr-2946	917	38	with	with	ADP
cblr-2946	917	39	whom	whom	PRON
cblr-2946	917	40	they	they	PRON
cblr-2946	917	41	are	be	AUX
cblr-2946	917	42	unfamiliar.2	unfamiliar.2	ADP
cblr-2946	917	43	51	51	NUM
cblr-2946	917	44	a	a	DET
cblr-2946	917	45	second	second	ADJ
cblr-2946	917	46	and	and	CCONJ
cblr-2946	917	47	seemingly	seemingly	ADV
cblr-2946	917	48	more	more	ADV
cblr-2946	917	49	severe	severe	ADJ
cblr-2946	917	50	problem	problem	NOUN
cblr-2946	917	51	inherent	inherent	ADJ
cblr-2946	917	52	in	in	ADP
cblr-2946	917	53	the	the	DET
cblr-2946	917	54	coffee	coffee	NOUN
cblr-2946	917	55	proposal	proposal	NOUN
cblr-2946	917	56	is	be	AUX
cblr-2946	917	57	the	the	DET
cblr-2946	917	58	way	way	NOUN
cblr-2946	917	59	that	that	PRON
cblr-2946	917	60	it	it	PRON
cblr-2946	917	61	relies	rely	VERB
cblr-2946	917	62	on	on	ADP
cblr-2946	917	63	restricting	restrict	VERB
cblr-2946	917	64	future	future	ADJ
cblr-2946	917	65	profits	profit	NOUN
cblr-2946	917	66	as	as	ADP
cblr-2946	917	67	the	the	DET
cblr-2946	917	68	penalty	penalty	NOUN
cblr-2946	917	69	for	for	ADP
cblr-2946	917	70	inflating	inflate	VERB
cblr-2946	917	71	current	current	ADJ
cblr-2946	917	72	ratings	rating	NOUN
cblr-2946	917	73	.	.	PUNCT
cblr-2946	918	1	the	the	DET
cblr-2946	918	2	cost	cost	NOUN
cblr-2946	918	3	imposed	impose	VERB
cblr-2946	918	4	on	on	ADP
cblr-2946	918	5	the	the	DET
cblr-2946	918	6	cra	cra	PROPN
cblr-2946	918	7	is	be	AUX
cblr-2946	918	8	the	the	DET
cblr-2946	918	9	future	future	ADJ
cblr-2946	918	10	profit	profit	NOUN
cblr-2946	918	11	the	the	DET
cblr-2946	918	12	cra	cra	PROPN
cblr-2946	918	13	loses	lose	VERB
cblr-2946	918	14	while	while	SCONJ
cblr-2946	918	15	its	its	PRON
cblr-2946	918	16	nrsro	nrsro	ADJ
cblr-2946	918	17	status	status	NOUN
cblr-2946	918	18	is	be	AUX
cblr-2946	918	19	suspended	suspend	VERB
cblr-2946	918	20	.	.	PUNCT
cblr-2946	919	1	this	this	DET
cblr-2946	919	2	lost	lose	VERB
cblr-2946	919	3	profit	profit	NOUN
cblr-2946	919	4	may	may	AUX
cblr-2946	919	5	have	have	VERB
cblr-2946	919	6	little	little	ADJ
cblr-2946	919	7	correlation	correlation	NOUN
cblr-2946	919	8	to	to	ADP
cblr-2946	919	9	the	the	DET
cblr-2946	919	10	gains	gain	NOUN
cblr-2946	919	11	the	the	DET
cblr-2946	919	12	cra	cra	PROPN
cblr-2946	919	13	made	make	VERB
cblr-2946	919	14	from	from	ADP
cblr-2946	919	15	inflating	inflate	VERB
cblr-2946	919	16	its	its	PRON
cblr-2946	919	17	ratings	rating	NOUN
cblr-2946	919	18	in	in	ADP
cblr-2946	919	19	the	the	DET
cblr-2946	919	20	past	past	NOUN
cblr-2946	919	21	.	.	PUNCT
cblr-2946	920	1	for	for	ADP
cblr-2946	920	2	example	example	NOUN
cblr-2946	920	3	,	,	PUNCT
cblr-2946	920	4	assume	assume	VERB
cblr-2946	920	5	that	that	SCONJ
cblr-2946	920	6	innovators	innovator	NOUN
cblr-2946	920	7	develop	develop	VERB
cblr-2946	920	8	a	a	DET
cblr-2946	920	9	new	new	ADJ
cblr-2946	920	10	type	type	NOUN
cblr-2946	920	11	of	of	ADP
cblr-2946	920	12	security	security	NOUN
cblr-2946	920	13	.	.	PUNCT
cblr-2946	921	1	seeking	seek	VERB
cblr-2946	921	2	to	to	PART
cblr-2946	921	3	reap	reap	VERB
cblr-2946	921	4	short	short	ADJ
cblr-2946	921	5	-	-	PUNCT
cblr-2946	921	6	term	term	NOUN
cblr-2946	921	7	gains	gain	NOUN
cblr-2946	921	8	,	,	PUNCT
cblr-2946	921	9	a	a	DET
cblr-2946	921	10	cra	cra	PROPN
cblr-2946	921	11	may	may	AUX
cblr-2946	921	12	inflate	inflate	VERB
cblr-2946	921	13	its	its	PRON
cblr-2946	921	14	ratings	rating	NOUN
cblr-2946	921	15	to	to	PART
cblr-2946	921	16	capture	capture	VERB
cblr-2946	921	17	as	as	ADV
cblr-2946	921	18	much	much	ADJ
cblr-2946	921	19	of	of	ADP
cblr-2946	921	20	the	the	DET
cblr-2946	921	21	market	market	NOUN
cblr-2946	921	22	for	for	ADP
cblr-2946	921	23	rating	rating	NOUN
cblr-2946	921	24	that	that	DET
cblr-2946	921	25	product	product	NOUN
cblr-2946	921	26	in	in	ADP
cblr-2946	921	27	the	the	DET
cblr-2946	921	28	near	near	ADJ
cblr-2946	921	29	-	-	PUNCT
cblr-2946	921	30	term	term	NOUN
cblr-2946	921	31	as	as	ADP
cblr-2946	921	32	possible	possible	ADJ
cblr-2946	921	33	.	.	PUNCT
cblr-2946	922	1	once	once	SCONJ
cblr-2946	922	2	the	the	DET
cblr-2946	922	3	inflated	inflated	ADJ
cblr-2946	922	4	nature	nature	NOUN
cblr-2946	922	5	of	of	ADP
cblr-2946	922	6	the	the	DET
cblr-2946	922	7	rating	rating	NOUN
cblr-2946	922	8	is	be	AUX
cblr-2946	922	9	revealed	reveal	VERB
cblr-2946	922	10	,	,	PUNCT
cblr-2946	922	11	issuance	issuance	NOUN
cblr-2946	922	12	of	of	ADP
cblr-2946	922	13	that	that	DET
cblr-2946	922	14	new	new	ADJ
cblr-2946	922	15	security	security	NOUN
cblr-2946	922	16	may	may	AUX
cblr-2946	922	17	slow	slow	VERB
cblr-2946	922	18	as	as	SCONJ
cblr-2946	922	19	investors	investor	NOUN
cblr-2946	922	20	lose	lose	VERB
cblr-2946	922	21	confidence	confidence	NOUN
cblr-2946	922	22	in	in	ADP
cblr-2946	922	23	the	the	DET
cblr-2946	922	24	product	product	NOUN
cblr-2946	922	25	(	(	PUNCT
cblr-2946	922	26	as	as	SCONJ
cblr-2946	922	27	happened	happen	VERB
cblr-2946	922	28	with	with	ADP
cblr-2946	922	29	rmbs	rmb	NOUN
cblr-2946	922	30	and	and	CCONJ
cblr-2946	922	31	cdos	cdo	NOUN
cblr-2946	922	32	)	)	PUNCT
cblr-2946	922	33	.	.	PUNCT
cblr-2946	923	1	while	while	SCONJ
cblr-2946	923	2	the	the	DET
cblr-2946	923	3	cra	cra	PROPN
cblr-2946	923	4	may	may	AUX
cblr-2946	923	5	lose	lose	VERB
cblr-2946	923	6	its	its	PRON
cblr-2946	923	7	nrsro	nrsro	ADJ
cblr-2946	923	8	status	status	NOUN
cblr-2946	923	9	for	for	ADP
cblr-2946	923	10	rating	rate	VERB
cblr-2946	923	11	that	that	DET
cblr-2946	923	12	class	class	NOUN
cblr-2946	923	13	of	of	ADP
cblr-2946	923	14	securities	security	NOUN
cblr-2946	923	15	,	,	PUNCT
cblr-2946	923	16	the	the	DET
cblr-2946	923	17	cra	cra	PROPN
cblr-2946	923	18	forgoes	forgo	VERB
cblr-2946	923	19	less	less	ADJ
cblr-2946	923	20	profit	profit	NOUN
cblr-2946	923	21	than	than	SCONJ
cblr-2946	923	22	it	it	PRON
cblr-2946	923	23	made	make	VERB
cblr-2946	923	24	in	in	ADP
cblr-2946	923	25	the	the	DET
cblr-2946	923	26	short	short	ADJ
cblr-2946	923	27	-	-	PUNCT
cblr-2946	923	28	term	term	NOUN
cblr-2946	923	29	because	because	SCONJ
cblr-2946	923	30	the	the	DET
cblr-2946	923	31	market	market	NOUN
cblr-2946	923	32	for	for	ADP
cblr-2946	923	33	rating	rate	VERB
cblr-2946	923	34	the	the	DET
cblr-2946	923	35	security	security	NOUN
cblr-2946	923	36	has	have	AUX
cblr-2946	923	37	contracted	contract	VERB
cblr-2946	923	38	.	.	PUNCT
cblr-2946	924	1	essentially	essentially	ADV
cblr-2946	924	2	,	,	PUNCT
cblr-2946	924	3	the	the	DET
cblr-2946	924	4	proposal	proposal	NOUN
cblr-2946	924	5	still	still	ADV
cblr-2946	924	6	permits	permit	VERB
cblr-2946	924	7	opportunistic	opportunistic	ADJ
cblr-2946	924	8	behavior	behavior	NOUN
cblr-2946	924	9	by	by	ADP
cblr-2946	924	10	cras	cras	PROPN
cblr-2946	924	11	at	at	ADP
cblr-2946	924	12	the	the	DET
cblr-2946	924	13	expense	expense	NOUN
cblr-2946	924	14	of	of	ADP
cblr-2946	924	15	251	251	NUM
cblr-2946	924	16	see	see	VERB
cblr-2946	924	17	supra	supra	PROPN
cblr-2946	924	18	part	part	PROPN
cblr-2946	924	19	iii.a.1	iii.a.1	PROPN
cblr-2946	924	20	.	.	PUNCT
cblr-2946	925	1	columbia	columbia	PROPN
cblr-2946	925	2	business	business	PROPN
cblr-2946	925	3	law	law	PROPN
cblr-2946	925	4	review	review	VERB
cblr-2946	925	5	investors	investor	NOUN
cblr-2946	925	6	.	.	PUNCT
cblr-2946	926	1	the	the	DET
cblr-2946	926	2	cost	cost	NOUN
cblr-2946	926	3	imposed	impose	VERB
cblr-2946	926	4	by	by	ADP
cblr-2946	926	5	the	the	DET
cblr-2946	926	6	hunt	hunt	NOUN
cblr-2946	926	7	proposal	proposal	NOUN
cblr-2946	926	8	,	,	PUNCT
cblr-2946	926	9	on	on	ADP
cblr-2946	926	10	the	the	DET
cblr-2946	926	11	other	other	ADJ
cblr-2946	926	12	hand	hand	NOUN
cblr-2946	926	13	,	,	PUNCT
cblr-2946	926	14	better	well	ADV
cblr-2946	926	15	matches	match	VERB
cblr-2946	926	16	the	the	DET
cblr-2946	926	17	gains	gain	NOUN
cblr-2946	926	18	that	that	PRON
cblr-2946	926	19	the	the	DET
cblr-2946	926	20	cra	cra	PROPN
cblr-2946	926	21	makes	make	VERB
cblr-2946	926	22	from	from	ADP
cblr-2946	926	23	issuing	issue	VERB
cblr-2946	926	24	compromised	compromise	VERB
cblr-2946	926	25	ratings	rating	NOUN
cblr-2946	926	26	.	.	PUNCT
cblr-2946	927	1	while	while	SCONJ
cblr-2946	927	2	the	the	DET
cblr-2946	927	3	hunt	hunt	NOUN
cblr-2946	927	4	proposal	proposal	NOUN
cblr-2946	927	5	seems	seem	VERB
cblr-2946	927	6	to	to	PART
cblr-2946	927	7	more	more	ADV
cblr-2946	927	8	closely	closely	ADV
cblr-2946	927	9	impose	impose	VERB
cblr-2946	927	10	the	the	DET
cblr-2946	927	11	optimal	optimal	ADJ
cblr-2946	927	12	cost	cost	NOUN
cblr-2946	927	13	on	on	ADP
cblr-2946	927	14	the	the	DET
cblr-2946	927	15	agencies	agency	NOUN
cblr-2946	927	16	for	for	ADP
cblr-2946	927	17	issuing	issue	VERB
cblr-2946	927	18	inflated	inflated	ADJ
cblr-2946	927	19	ratings	rating	NOUN
cblr-2946	927	20	,	,	PUNCT
cblr-2946	927	21	it	it	PRON
cblr-2946	927	22	is	be	AUX
cblr-2946	927	23	unclear	unclear	ADJ
cblr-2946	927	24	how	how	SCONJ
cblr-2946	927	25	one	one	NUM
cblr-2946	927	26	aspect	aspect	NOUN
cblr-2946	927	27	of	of	ADP
cblr-2946	927	28	the	the	DET
cblr-2946	927	29	hunt	hunt	NOUN
cblr-2946	927	30	proposal	proposal	NOUN
cblr-2946	927	31	might	might	AUX
cblr-2946	927	32	be	be	AUX
cblr-2946	927	33	implemented	implement	VERB
cblr-2946	927	34	.	.	PUNCT
cblr-2946	928	1	the	the	DET
cblr-2946	928	2	hunt	hunt	NOUN
cblr-2946	928	3	proposal	proposal	NOUN
cblr-2946	928	4	was	be	AUX
cblr-2946	928	5	advocated	advocate	VERB
cblr-2946	928	6	to	to	PART
cblr-2946	928	7	address	address	VERB
cblr-2946	928	8	the	the	DET
cblr-2946	928	9	problem	problem	NOUN
cblr-2946	928	10	of	of	ADP
cblr-2946	928	11	low	low	ADJ
cblr-2946	928	12	-	-	PUNCT
cblr-2946	928	13	quality	quality	NOUN
cblr-2946	928	14	ratings	rating	NOUN
cblr-2946	928	15	in	in	ADP
cblr-2946	928	16	general	general	ADJ
cblr-2946	928	17	,	,	PUNCT
cblr-2946	928	18	not	not	PART
cblr-2946	928	19	only	only	ADV
cblr-2946	928	20	to	to	PART
cblr-2946	928	21	address	address	VERB
cblr-2946	928	22	ratings	rating	NOUN
cblr-2946	928	23	deficiency	deficiency	NOUN
cblr-2946	928	24	flowing	flow	VERB
cblr-2946	928	25	from	from	ADP
cblr-2946	928	26	the	the	DET
cblr-2946	928	27	issuer	issuer	NOUN
cblr-2946	928	28	pays	pay	VERB
cblr-2946	928	29	conflict	conflict	NOUN
cblr-2946	928	30	.	.	PUNCT
cblr-2946	929	1	given	give	VERB
cblr-2946	929	2	his	his	PRON
cblr-2946	929	3	objective	objective	NOUN
cblr-2946	929	4	,	,	PUNCT
cblr-2946	929	5	mr	mr	PROPN
cblr-2946	929	6	.	.	PROPN
cblr-2946	929	7	hunt	hunt	PROPN
cblr-2946	929	8	would	would	AUX
cblr-2946	929	9	not	not	PART
cblr-2946	929	10	require	require	VERB
cblr-2946	929	11	disgorgement	disgorgement	NOUN
cblr-2946	929	12	for	for	ADP
cblr-2946	929	13	low	low	ADJ
cblr-2946	929	14	-	-	PUNCT
cblr-2946	929	15	quality	quality	NOUN
cblr-2946	929	16	ratings	rating	NOUN
cblr-2946	929	17	if	if	SCONJ
cblr-2946	929	18	the	the	DET
cblr-2946	929	19	cra	cra	PROPN
cblr-2946	929	20	disclosed	disclose	VERB
cblr-2946	929	21	the	the	DET
cblr-2946	929	22	quality	quality	NOUN
cblr-2946	929	23	deficiency	deficiency	NOUN
cblr-2946	929	24	ahead	ahead	ADV
cblr-2946	929	25	of	of	ADP
cblr-2946	929	26	time	time	NOUN
cblr-2946	929	27	.	.	PUNCT
cblr-2946	930	1	it	it	PRON
cblr-2946	930	2	is	be	AUX
cblr-2946	930	3	unclear	unclear	ADJ
cblr-2946	930	4	how	how	SCONJ
cblr-2946	930	5	this	this	PRON
cblr-2946	930	6	would	would	AUX
cblr-2946	930	7	translate	translate	VERB
cblr-2946	930	8	if	if	SCONJ
cblr-2946	930	9	one	one	PRON
cblr-2946	930	10	wanted	want	VERB
cblr-2946	930	11	to	to	PART
cblr-2946	930	12	view	view	VERB
cblr-2946	930	13	the	the	DET
cblr-2946	930	14	proposal	proposal	NOUN
cblr-2946	930	15	with	with	ADP
cblr-2946	930	16	respect	respect	NOUN
cblr-2946	930	17	to	to	ADP
cblr-2946	930	18	the	the	DET
cblr-2946	930	19	issuer	issuer	NOUN
cblr-2946	930	20	pays	pay	VERB
cblr-2946	930	21	conflict	conflict	NOUN
cblr-2946	930	22	only	only	ADV
cblr-2946	930	23	,	,	PUNCT
cblr-2946	930	24	since	since	SCONJ
cblr-2946	930	25	it	it	PRON
cblr-2946	930	26	does	do	AUX
cblr-2946	930	27	not	not	PART
cblr-2946	930	28	seem	seem	VERB
cblr-2946	930	29	logical	logical	ADJ
cblr-2946	930	30	to	to	PART
cblr-2946	930	31	permit	permit	VERB
cblr-2946	930	32	a	a	DET
cblr-2946	930	33	cra	cra	PROPN
cblr-2946	930	34	to	to	PART
cblr-2946	930	35	escape	escape	VERB
cblr-2946	930	36	penalty	penalty	NOUN
cblr-2946	930	37	if	if	SCONJ
cblr-2946	930	38	it	it	PRON
cblr-2946	930	39	disclosed	disclose	VERB
cblr-2946	930	40	ahead	ahead	ADV
cblr-2946	930	41	of	of	ADP
cblr-2946	930	42	time	time	NOUN
cblr-2946	930	43	that	that	PRON
cblr-2946	930	44	its	its	PRON
cblr-2946	930	45	ratings	rating	NOUN
cblr-2946	930	46	are	be	AUX
cblr-2946	930	47	or	or	CCONJ
cblr-2946	930	48	might	might	AUX
cblr-2946	930	49	be	be	AUX
cblr-2946	930	50	compromised	compromise	VERB
cblr-2946	930	51	by	by	ADP
cblr-2946	930	52	a	a	DET
cblr-2946	930	53	conflict	conflict	NOUN
cblr-2946	930	54	of	of	ADP
cblr-2946	930	55	interest	interest	NOUN
cblr-2946	930	56	.	.	PUNCT
cblr-2946	931	1	while	while	SCONJ
cblr-2946	931	2	both	both	DET
cblr-2946	931	3	proposals	proposal	NOUN
cblr-2946	931	4	share	share	VERB
cblr-2946	931	5	many	many	ADJ
cblr-2946	931	6	positive	positive	ADJ
cblr-2946	931	7	attributes	attribute	NOUN
cblr-2946	931	8	,	,	PUNCT
cblr-2946	931	9	the	the	DET
cblr-2946	931	10	hunt	hunt	NOUN
cblr-2946	931	11	proposal	proposal	NOUN
cblr-2946	931	12	seems	seem	VERB
cblr-2946	931	13	to	to	PART
cblr-2946	931	14	provide	provide	VERB
cblr-2946	931	15	a	a	DET
cblr-2946	931	16	better	well	ADJ
cblr-2946	931	17	chance	chance	NOUN
cblr-2946	931	18	of	of	ADP
cblr-2946	931	19	imposing	impose	VERB
cblr-2946	931	20	the	the	DET
cblr-2946	931	21	optimal	optimal	ADJ
cblr-2946	931	22	cost	cost	NOUN
cblr-2946	931	23	of	of	ADP
cblr-2946	931	24	the	the	DET
cblr-2946	931	25	cras	cras	X
cblr-2946	931	26	for	for	ADP
cblr-2946	931	27	deterring	deter	VERB
cblr-2946	931	28	them	they	PRON
cblr-2946	931	29	from	from	ADP
cblr-2946	931	30	issuing	issue	VERB
cblr-2946	931	31	inflated	inflated	ADJ
cblr-2946	931	32	ratings	rating	NOUN
cblr-2946	931	33	.	.	PUNCT
cblr-2946	932	1	by	by	ADP
cblr-2946	932	2	limiting	limit	VERB
cblr-2946	932	3	disgorgement	disgorgement	NOUN
cblr-2946	932	4	to	to	ADP
cblr-2946	932	5	the	the	DET
cblr-2946	932	6	cra	cra	PROPN
cblr-2946	932	7	's	's	PART
cblr-2946	932	8	profits	profit	NOUN
cblr-2946	932	9	that	that	SCONJ
cblr-2946	932	10	it	it	PRON
cblr-2946	932	11	earned	earn	VERB
cblr-2946	932	12	on	on	ADP
cblr-2946	932	13	the	the	DET
cblr-2946	932	14	low	low	ADJ
cblr-2946	932	15	quality	quality	NOUN
cblr-2946	932	16	ratings	rating	NOUN
cblr-2946	932	17	,	,	PUNCT
cblr-2946	932	18	the	the	DET
cblr-2946	932	19	hunt	hunt	NOUN
cblr-2946	932	20	proposal	proposal	NOUN
cblr-2946	932	21	subjects	subject	VERB
cblr-2946	932	22	cras	cras	X
cblr-2946	932	23	to	to	ADP
cblr-2946	932	24	a	a	DET
cblr-2946	932	25	penalty	penalty	NOUN
cblr-2946	932	26	that	that	PRON
cblr-2946	932	27	is	be	AUX
cblr-2946	932	28	probably	probably	ADV
cblr-2946	932	29	the	the	DET
cblr-2946	932	30	best	good	ADJ
cblr-2946	932	31	proxy	proxy	NOUN
cblr-2946	932	32	for	for	ADP
cblr-2946	932	33	the	the	DET
cblr-2946	932	34	gains	gain	NOUN
cblr-2946	932	35	received	receive	VERB
cblr-2946	932	36	from	from	ADP
cblr-2946	932	37	acquiescing	acquiesce	VERB
cblr-2946	932	38	to	to	ADP
cblr-2946	932	39	the	the	DET
cblr-2946	932	40	conflict	conflict	NOUN
cblr-2946	932	41	.	.	PUNCT
cblr-2946	933	1	however	however	ADV
cblr-2946	933	2	,	,	PUNCT
cblr-2946	933	3	if	if	SCONJ
cblr-2946	933	4	implemented	implement	VERB
cblr-2946	933	5	to	to	PART
cblr-2946	933	6	counteract	counteract	VERB
cblr-2946	933	7	the	the	DET
cblr-2946	933	8	pressure	pressure	NOUN
cblr-2946	933	9	that	that	PRON
cblr-2946	933	10	results	result	VERB
cblr-2946	933	11	from	from	ADP
cblr-2946	933	12	the	the	DET
cblr-2946	933	13	issuer	issuer	NOUN
cblr-2946	933	14	pays	pay	VERB
cblr-2946	933	15	conflict	conflict	NOUN
cblr-2946	933	16	,	,	PUNCT
cblr-2946	933	17	the	the	DET
cblr-2946	933	18	proposal	proposal	NOUN
cblr-2946	933	19	might	might	AUX
cblr-2946	933	20	be	be	AUX
cblr-2946	933	21	more	more	ADV
cblr-2946	933	22	effective	effective	ADJ
cblr-2946	933	23	if	if	SCONJ
cblr-2946	933	24	the	the	DET
cblr-2946	933	25	agencies	agency	NOUN
cblr-2946	933	26	could	could	AUX
cblr-2946	933	27	not	not	PART
cblr-2946	933	28	avoid	avoid	VERB
cblr-2946	933	29	being	be	AUX
cblr-2946	933	30	penalized	penalize	VERB
cblr-2946	933	31	by	by	ADP
cblr-2946	933	32	disclosing	disclose	VERB
cblr-2946	933	33	either	either	CCONJ
cblr-2946	933	34	that	that	SCONJ
cblr-2946	933	35	their	their	PRON
cblr-2946	933	36	ratings	rating	NOUN
cblr-2946	933	37	may	may	AUX
cblr-2946	933	38	be	be	AUX
cblr-2946	933	39	of	of	ADP
cblr-2946	933	40	low	low	ADJ
cblr-2946	933	41	quality	quality	NOUN
cblr-2946	933	42	or	or	CCONJ
cblr-2946	933	43	that	that	SCONJ
cblr-2946	933	44	their	their	PRON
cblr-2946	933	45	ratings	rating	NOUN
cblr-2946	933	46	could	could	AUX
cblr-2946	933	47	be	be	AUX
cblr-2946	933	48	subject	subject	ADJ
cblr-2946	933	49	to	to	ADP
cblr-2946	933	50	a	a	DET
cblr-2946	933	51	conflict	conflict	NOUN
cblr-2946	933	52	.	.	PUNCT
cblr-2946	934	1	vi	vi	X
cblr-2946	934	2	.	.	PROPN
cblr-2946	934	3	conclusion	conclusion	NOUN
cblr-2946	934	4	while	while	SCONJ
cblr-2946	934	5	the	the	DET
cblr-2946	934	6	credit	credit	NOUN
cblr-2946	934	7	crisis	crisis	NOUN
cblr-2946	934	8	that	that	PRON
cblr-2946	934	9	began	begin	VERB
cblr-2946	934	10	in	in	ADP
cblr-2946	934	11	2007	2007	NUM
cblr-2946	934	12	has	have	VERB
cblr-2946	934	13	many	many	ADJ
cblr-2946	934	14	complicated	complicated	ADJ
cblr-2946	934	15	and	and	CCONJ
cblr-2946	934	16	interrelated	interrelated	ADJ
cblr-2946	934	17	causes	cause	NOUN
cblr-2946	934	18	,	,	PUNCT
cblr-2946	934	19	several	several	ADJ
cblr-2946	934	20	commentators	commentator	NOUN
cblr-2946	934	21	have	have	AUX
cblr-2946	934	22	criticized	criticize	VERB
cblr-2946	934	23	cras	cra	NOUN
cblr-2946	934	24	for	for	ADP
cblr-2946	934	25	providing	provide	VERB
cblr-2946	934	26	undeservedly	undeservedly	ADV
cblr-2946	934	27	high	high	ADJ
cblr-2946	934	28	ratings	rating	NOUN
cblr-2946	934	29	on	on	ADP
cblr-2946	934	30	subprime	subprime	ADJ
cblr-2946	934	31	rmbs	rmb	NOUN
cblr-2946	934	32	and	and	CCONJ
cblr-2946	934	33	cdos	cdo	NOUN
cblr-2946	934	34	containing	contain	VERB
cblr-2946	934	35	subprime	subprime	ADJ
cblr-2946	934	36	mortgages	mortgage	NOUN
cblr-2946	934	37	in	in	ADP
cblr-2946	934	38	their	their	PRON
cblr-2946	934	39	collateral	collateral	ADJ
cblr-2946	934	40	pools	pool	NOUN
cblr-2946	934	41	.	.	PUNCT
cblr-2946	935	1	although	although	SCONJ
cblr-2946	935	2	the	the	DET
cblr-2946	935	3	issuer	issuer	NOUN
cblr-2946	935	4	pays	pay	VERB
cblr-2946	935	5	conflict	conflict	NOUN
cblr-2946	935	6	inherent	inherent	ADJ
cblr-2946	935	7	in	in	ADP
cblr-2946	935	8	the	the	DET
cblr-2946	935	9	dominant	dominant	ADJ
cblr-2946	935	10	cras	cras	PROPN
cblr-2946	935	11	'	'	PART
cblr-2946	935	12	business	business	NOUN
cblr-2946	935	13	model	model	NOUN
cblr-2946	935	14	can	can	AUX
cblr-2946	935	15	not	not	PART
cblr-2946	935	16	fully	fully	ADV
cblr-2946	935	17	explain	explain	VERB
cblr-2946	935	18	why	why	SCONJ
cblr-2946	935	19	the	the	DET
cblr-2946	935	20	agencies	agency	NOUN
cblr-2946	935	21	failed	fail	VERB
cblr-2946	935	22	to	to	PART
cblr-2946	935	23	provide	provide	VERB
cblr-2946	935	24	highquality	highquality	NOUN
cblr-2946	935	25	ratings	rating	NOUN
cblr-2946	935	26	on	on	ADP
cblr-2946	935	27	these	these	DET
cblr-2946	935	28	securities	security	NOUN
cblr-2946	935	29	,	,	PUNCT
cblr-2946	935	30	several	several	ADJ
cblr-2946	935	31	features	feature	NOUN
cblr-2946	935	32	of	of	ADP
cblr-2946	935	33	the	the	DET
cblr-2946	935	34	[	[	X
cblr-2946	935	35	vol	vol	NOUN
cblr-2946	935	36	.	.	PUNCT
cblr-2946	935	37	2009	2009	NUM
cblr-2946	935	38	no	no	NOUN
cblr-2946	935	39	.	.	PUNCT
cblr-2946	936	1	2:605	2:605	NUM
cblr-2946	936	2	]	]	X
cblr-2946	936	3	credit	credit	NOUN
cblr-2946	936	4	rating	rating	NOUN
cblr-2946	936	5	agencies	agency	NOUN
cblr-2946	936	6	and	and	CCONJ
cblr-2946	936	7	the	the	DET
cblr-2946	936	8	credit	credit	NOUN
cblr-2946	936	9	crisis	crisis	NOUN
cblr-2946	936	10	667	667	NUM
cblr-2946	936	11	structured	structure	VERB
cblr-2946	936	12	finance	finance	NOUN
cblr-2946	936	13	ratings	rating	NOUN
cblr-2946	936	14	market	market	NOUN
cblr-2946	936	15	suggest	suggest	VERB
cblr-2946	936	16	that	that	SCONJ
cblr-2946	936	17	conflicts	conflict	NOUN
cblr-2946	936	18	of	of	ADP
cblr-2946	936	19	interest	interest	NOUN
cblr-2946	936	20	are	be	AUX
cblr-2946	936	21	partly	partly	ADV
cblr-2946	936	22	responsible	responsible	ADJ
cblr-2946	936	23	.	.	PUNCT
cblr-2946	937	1	specifically	specifically	ADV
cblr-2946	937	2	,	,	PUNCT
cblr-2946	937	3	the	the	DET
cblr-2946	937	4	concentration	concentration	NOUN
cblr-2946	937	5	of	of	ADP
cblr-2946	937	6	the	the	DET
cblr-2946	937	7	customer	customer	NOUN
cblr-2946	937	8	base	base	NOUN
cblr-2946	937	9	for	for	ADP
cblr-2946	937	10	these	these	DET
cblr-2946	937	11	ratings	rating	NOUN
cblr-2946	937	12	and	and	CCONJ
cblr-2946	937	13	the	the	DET
cblr-2946	937	14	iterative	iterative	NOUN
cblr-2946	937	15	,	,	PUNCT
cblr-2946	937	16	interactive	interactive	ADJ
cblr-2946	937	17	ratings	rating	NOUN
cblr-2946	937	18	process	process	NOUN
cblr-2946	937	19	employed	employ	VERB
cblr-2946	937	20	by	by	ADP
cblr-2946	937	21	the	the	DET
cblr-2946	937	22	cras	cras	PROPN
cblr-2946	937	23	to	to	PART
cblr-2946	937	24	rate	rate	VERB
cblr-2946	937	25	structured	structured	ADJ
cblr-2946	937	26	finance	finance	NOUN
cblr-2946	937	27	products	product	NOUN
cblr-2946	937	28	may	may	AUX
cblr-2946	937	29	have	have	AUX
cblr-2946	937	30	combined	combine	VERB
cblr-2946	937	31	to	to	PART
cblr-2946	937	32	make	make	VERB
cblr-2946	937	33	it	it	PRON
cblr-2946	937	34	more	more	ADV
cblr-2946	937	35	difficult	difficult	ADJ
cblr-2946	937	36	for	for	SCONJ
cblr-2946	937	37	cras	cras	X
cblr-2946	937	38	to	to	PART
cblr-2946	937	39	withstand	withstand	VERB
cblr-2946	937	40	pressure	pressure	NOUN
cblr-2946	937	41	to	to	PART
cblr-2946	937	42	inflate	inflate	VERB
cblr-2946	937	43	ratings	rating	NOUN
cblr-2946	937	44	.	.	PUNCT
cblr-2946	938	1	moreover	moreover	ADV
cblr-2946	938	2	,	,	PUNCT
cblr-2946	938	3	the	the	DET
cblr-2946	938	4	growing	grow	VERB
cblr-2946	938	5	importance	importance	NOUN
cblr-2946	938	6	of	of	ADP
cblr-2946	938	7	structured	structured	ADJ
cblr-2946	938	8	finance	finance	NOUN
cblr-2946	938	9	ratings	rating	NOUN
cblr-2946	938	10	to	to	ADP
cblr-2946	938	11	cras	cras	PROPN
cblr-2946	938	12	'	'	PART
cblr-2946	938	13	revenue	revenue	NOUN
cblr-2946	938	14	growth	growth	NOUN
cblr-2946	938	15	may	may	AUX
cblr-2946	938	16	have	have	AUX
cblr-2946	938	17	compounded	compound	VERB
cblr-2946	938	18	the	the	DET
cblr-2946	938	19	problem	problem	NOUN
cblr-2946	938	20	.	.	PUNCT
cblr-2946	939	1	the	the	DET
cblr-2946	939	2	current	current	ADJ
cblr-2946	939	3	sec	sec	PROPN
cblr-2946	939	4	-	-	PUNCT
cblr-2946	939	5	administered	administer	VERB
cblr-2946	939	6	regulatory	regulatory	ADJ
cblr-2946	939	7	regime	regime	NOUN
cblr-2946	939	8	and	and	CCONJ
cblr-2946	939	9	proposed	propose	VERB
cblr-2946	939	10	rule	rule	NOUN
cblr-2946	939	11	amendments	amendment	NOUN
cblr-2946	939	12	rely	rely	VERB
cblr-2946	939	13	largely	largely	ADV
cblr-2946	939	14	on	on	ADP
cblr-2946	939	15	disclosure	disclosure	NOUN
cblr-2946	939	16	to	to	PART
cblr-2946	939	17	protect	protect	VERB
cblr-2946	939	18	investors	investor	NOUN
cblr-2946	939	19	from	from	ADP
cblr-2946	939	20	risks	risk	NOUN
cblr-2946	939	21	created	create	VERB
cblr-2946	939	22	by	by	ADP
cblr-2946	939	23	the	the	DET
cblr-2946	939	24	issuer	issuer	NOUN
cblr-2946	939	25	pays	pay	VERB
cblr-2946	939	26	conflict	conflict	NOUN
cblr-2946	939	27	.	.	PUNCT
cblr-2946	940	1	disclosure	disclosure	NOUN
cblr-2946	940	2	alone	alone	ADV
cblr-2946	940	3	,	,	PUNCT
cblr-2946	940	4	however	however	ADV
cblr-2946	940	5	,	,	PUNCT
cblr-2946	940	6	may	may	AUX
cblr-2946	940	7	not	not	PART
cblr-2946	940	8	protect	protect	VERB
cblr-2946	940	9	against	against	ADP
cblr-2946	940	10	a	a	DET
cblr-2946	940	11	similar	similar	ADJ
cblr-2946	940	12	problem	problem	NOUN
cblr-2946	940	13	in	in	ADP
cblr-2946	940	14	the	the	DET
cblr-2946	940	15	future	future	NOUN
cblr-2946	940	16	.	.	PUNCT
cblr-2946	941	1	even	even	ADV
cblr-2946	941	2	if	if	SCONJ
cblr-2946	941	3	cras	cra	NOUN
cblr-2946	941	4	make	make	VERB
cblr-2946	941	5	the	the	DET
cblr-2946	941	6	required	require	VERB
cblr-2946	941	7	disclosures	disclosure	NOUN
cblr-2946	941	8	fully	fully	ADV
cblr-2946	941	9	and	and	CCONJ
cblr-2946	941	10	fairly	fairly	ADV
cblr-2946	941	11	,	,	PUNCT
cblr-2946	941	12	investors	investor	NOUN
cblr-2946	941	13	must	must	AUX
cblr-2946	941	14	adequately	adequately	ADV
cblr-2946	941	15	perceive	perceive	VERB
cblr-2946	941	16	and	and	CCONJ
cblr-2946	941	17	evaluate	evaluate	VERB
cblr-2946	941	18	that	that	DET
cblr-2946	941	19	information	information	NOUN
cblr-2946	941	20	and	and	CCONJ
cblr-2946	941	21	must	must	AUX
cblr-2946	941	22	penalize	penalize	VERB
cblr-2946	941	23	cras	cras	PROPN
cblr-2946	941	24	via	via	ADP
cblr-2946	941	25	the	the	DET
cblr-2946	941	26	market	market	NOUN
cblr-2946	941	27	mechanism	mechanism	NOUN
cblr-2946	941	28	for	for	ADP
cblr-2946	941	29	risks	risk	NOUN
cblr-2946	941	30	associated	associate	VERB
cblr-2946	941	31	with	with	ADP
cblr-2946	941	32	the	the	DET
cblr-2946	941	33	issuer	issuer	NOUN
cblr-2946	941	34	pays	pay	VERB
cblr-2946	941	35	conflict	conflict	NOUN
cblr-2946	941	36	.	.	PUNCT
cblr-2946	942	1	otherwise	otherwise	ADV
cblr-2946	942	2	,	,	PUNCT
cblr-2946	942	3	disclosure	disclosure	NOUN
cblr-2946	942	4	will	will	AUX
cblr-2946	942	5	not	not	PART
cblr-2946	942	6	impose	impose	VERB
cblr-2946	942	7	adequate	adequate	ADJ
cblr-2946	942	8	costs	cost	NOUN
cblr-2946	942	9	on	on	ADP
cblr-2946	942	10	agencies	agency	NOUN
cblr-2946	942	11	to	to	PART
cblr-2946	942	12	deter	deter	VERB
cblr-2946	942	13	them	they	PRON
cblr-2946	942	14	from	from	ADP
cblr-2946	942	15	reaping	reap	VERB
cblr-2946	942	16	the	the	DET
cblr-2946	942	17	gains	gain	NOUN
cblr-2946	942	18	of	of	ADP
cblr-2946	942	19	compromised	compromise	VERB
cblr-2946	942	20	ratings	rating	NOUN
cblr-2946	942	21	.	.	PUNCT
cblr-2946	943	1	several	several	ADJ
cblr-2946	943	2	factors	factor	NOUN
cblr-2946	943	3	,	,	PUNCT
cblr-2946	943	4	including	include	VERB
cblr-2946	943	5	investors	investor	NOUN
cblr-2946	943	6	'	'	PART
cblr-2946	943	7	failure	failure	NOUN
cblr-2946	943	8	to	to	PART
cblr-2946	943	9	appreciate	appreciate	VERB
cblr-2946	943	10	relevant	relevant	ADJ
cblr-2946	943	11	differences	difference	NOUN
cblr-2946	943	12	between	between	ADP
cblr-2946	943	13	structured	structured	ADJ
cblr-2946	943	14	finance	finance	NOUN
cblr-2946	943	15	ratings	rating	NOUN
cblr-2946	943	16	and	and	CCONJ
cblr-2946	943	17	ratings	rating	NOUN
cblr-2946	943	18	on	on	ADP
cblr-2946	943	19	traditional	traditional	ADJ
cblr-2946	943	20	products	product	NOUN
cblr-2946	943	21	,	,	PUNCT
cblr-2946	943	22	inability	inability	NOUN
cblr-2946	943	23	to	to	PART
cblr-2946	943	24	understand	understand	VERB
cblr-2946	943	25	structured	structured	ADJ
cblr-2946	943	26	finance	finance	NOUN
cblr-2946	943	27	products	product	NOUN
cblr-2946	943	28	,	,	PUNCT
cblr-2946	943	29	and	and	CCONJ
cblr-2946	943	30	failure	failure	NOUN
cblr-2946	943	31	to	to	PART
cblr-2946	943	32	scrutinize	scrutinize	VERB
cblr-2946	943	33	the	the	DET
cblr-2946	943	34	informational	informational	ADJ
cblr-2946	943	35	value	value	NOUN
cblr-2946	943	36	of	of	ADP
cblr-2946	943	37	ratings	rating	NOUN
cblr-2946	943	38	,	,	PUNCT
cblr-2946	943	39	may	may	AUX
cblr-2946	943	40	prevent	prevent	VERB
cblr-2946	943	41	investors	investor	NOUN
cblr-2946	943	42	from	from	ADP
cblr-2946	943	43	fully	fully	ADV
cblr-2946	943	44	appreciating	appreciate	VERB
cblr-2946	943	45	mandatory	mandatory	ADJ
cblr-2946	943	46	disclosures	disclosure	NOUN
cblr-2946	943	47	on	on	ADP
cblr-2946	943	48	structured	structured	ADJ
cblr-2946	943	49	finance	finance	NOUN
cblr-2946	943	50	ratings	rating	NOUN
cblr-2946	943	51	.	.	PUNCT
cblr-2946	944	1	in	in	ADP
cblr-2946	944	2	addition	addition	NOUN
cblr-2946	944	3	,	,	PUNCT
cblr-2946	944	4	ratings	rating	NOUN
cblr-2946	944	5	-	-	PUNCT
cblr-2946	944	6	based	base	VERB
cblr-2946	944	7	regulation	regulation	NOUN
cblr-2946	944	8	may	may	AUX
cblr-2946	944	9	further	far	ADV
cblr-2946	944	10	undermine	undermine	VERB
cblr-2946	944	11	the	the	DET
cblr-2946	944	12	market	market	NOUN
cblr-2946	944	13	mechanism	mechanism	NOUN
cblr-2946	944	14	,	,	PUNCT
cblr-2946	944	15	since	since	SCONJ
cblr-2946	944	16	issuers	issuer	NOUN
cblr-2946	944	17	and	and	CCONJ
cblr-2946	944	18	investors	investor	NOUN
cblr-2946	944	19	alike	alike	ADV
cblr-2946	944	20	might	might	AUX
cblr-2946	944	21	depend	depend	VERB
cblr-2946	944	22	on	on	ADP
cblr-2946	944	23	ratings	rating	NOUN
cblr-2946	944	24	for	for	ADP
cblr-2946	944	25	their	their	PRON
cblr-2946	944	26	regulatory	regulatory	ADJ
cblr-2946	944	27	consequences	consequence	NOUN
cblr-2946	944	28	and	and	CCONJ
cblr-2946	944	29	not	not	PART
cblr-2946	944	30	solely	solely	ADV
cblr-2946	944	31	for	for	ADP
cblr-2946	944	32	the	the	DET
cblr-2946	944	33	information	information	NOUN
cblr-2946	944	34	they	they	PRON
cblr-2946	944	35	convey	convey	VERB
cblr-2946	944	36	.	.	PUNCT
cblr-2946	945	1	instead	instead	ADV
cblr-2946	945	2	of	of	ADP
cblr-2946	945	3	relying	rely	VERB
cblr-2946	945	4	exclusively	exclusively	ADV
cblr-2946	945	5	on	on	ADP
cblr-2946	945	6	disclosure	disclosure	NOUN
cblr-2946	945	7	,	,	PUNCT
cblr-2946	945	8	regulators	regulator	NOUN
cblr-2946	945	9	should	should	AUX
cblr-2946	945	10	consider	consider	VERB
cblr-2946	945	11	implementing	implement	VERB
cblr-2946	945	12	a	a	DET
cblr-2946	945	13	rule	rule	NOUN
cblr-2946	945	14	that	that	PRON
cblr-2946	945	15	would	would	AUX
cblr-2946	945	16	penalize	penalize	VERB
cblr-2946	945	17	cras	cra	NOUN
cblr-2946	945	18	for	for	ADP
cblr-2946	945	19	unacceptably	unacceptably	ADV
cblr-2946	945	20	poor	poor	ADJ
cblr-2946	945	21	performance	performance	NOUN
cblr-2946	945	22	.	.	PUNCT
cblr-2946	946	1	a	a	DET
cblr-2946	946	2	performancebased	performancebase	VERB
cblr-2946	946	3	sanction	sanction	NOUN
cblr-2946	946	4	could	could	AUX
cblr-2946	946	5	fill	fill	VERB
cblr-2946	946	6	the	the	DET
cblr-2946	946	7	current	current	ADJ
cblr-2946	946	8	regulatory	regulatory	ADJ
cblr-2946	946	9	gap	gap	NOUN
cblr-2946	946	10	by	by	ADP
cblr-2946	946	11	imposing	impose	VERB
cblr-2946	946	12	costs	cost	NOUN
cblr-2946	946	13	on	on	ADP
cblr-2946	946	14	cras	cras	X
cblr-2946	946	15	to	to	PART
cblr-2946	946	16	offset	offset	VERB
cblr-2946	946	17	any	any	DET
cblr-2946	946	18	gains	gain	NOUN
cblr-2946	946	19	reaped	reap	VERB
cblr-2946	946	20	by	by	ADP
cblr-2946	946	21	issuing	issue	VERB
cblr-2946	946	22	compromised	compromise	VERB
cblr-2946	946	23	ratings	rating	NOUN
cblr-2946	946	24	.	.	PUNCT
cblr-2946	947	1	such	such	DET
cblr-2946	947	2	a	a	DET
cblr-2946	947	3	measure	measure	NOUN
cblr-2946	947	4	could	could	AUX
cblr-2946	947	5	deter	deter	VERB
cblr-2946	947	6	cras	cra	NOUN
cblr-2946	947	7	from	from	ADP
cblr-2946	947	8	capitalizing	capitalize	VERB
cblr-2946	947	9	on	on	ADP
cblr-2946	947	10	short	short	ADJ
cblr-2946	947	11	-	-	PUNCT
cblr-2946	947	12	term	term	NOUN
cblr-2946	947	13	gains	gain	NOUN
cblr-2946	947	14	that	that	PRON
cblr-2946	947	15	they	they	PRON
cblr-2946	947	16	can	can	AUX
cblr-2946	947	17	realize	realize	VERB
cblr-2946	947	18	by	by	ADP
cblr-2946	947	19	appeasing	appease	VERB
cblr-2946	947	20	issuers	issuer	NOUN
cblr-2946	947	21	at	at	ADP
cblr-2946	947	22	the	the	DET
cblr-2946	947	23	expense	expense	NOUN
cblr-2946	947	24	of	of	ADP
cblr-2946	947	25	investors	investor	NOUN
cblr-2946	947	26	.	.	PUNCT
cblr-2946	948	1	one	one	NUM
cblr-2946	948	2	difficulty	difficulty	NOUN
cblr-2946	948	3	that	that	PRON
cblr-2946	948	4	policymakers	policymaker	NOUN
cblr-2946	948	5	would	would	AUX
cblr-2946	948	6	encounter	encounter	VERB
cblr-2946	948	7	in	in	ADP
cblr-2946	948	8	crafting	craft	VERB
cblr-2946	948	9	a	a	DET
cblr-2946	948	10	668	668	NUM
cblr-2946	948	11	columbia	columbia	PROPN
cblr-2946	948	12	b	b	PROPN
cblr-2946	948	13	usiness	usiness	PROPN
cblr-2946	948	14	law	law	PROPN
cblr-2946	948	15	re	re	PROPN
cblr-2946	948	16	vie	vie	PROPN
cblr-2946	948	17	w	w	PROPN
cblr-2946	949	1	[	[	X
cblr-2946	949	2	vol	vol	NOUN
cblr-2946	949	3	.	.	NOUN
cblr-2946	949	4	2009	2009	NUM
cblr-2946	949	5	performance	performance	NOUN
cblr-2946	949	6	-	-	PUNCT
cblr-2946	949	7	based	base	VERB
cblr-2946	949	8	sanction	sanction	NOUN
cblr-2946	949	9	lies	lie	VERB
cblr-2946	949	10	in	in	ADP
cblr-2946	949	11	formulating	formulate	VERB
cblr-2946	949	12	a	a	DET
cblr-2946	949	13	rule	rule	NOUN
cblr-2946	949	14	that	that	PRON
cblr-2946	949	15	would	would	AUX
cblr-2946	949	16	convey	convey	VERB
cblr-2946	949	17	the	the	DET
cblr-2946	949	18	appropriate	appropriate	ADJ
cblr-2946	949	19	costs	cost	NOUN
cblr-2946	949	20	on	on	ADP
cblr-2946	949	21	rating	rating	NOUN
cblr-2946	949	22	agencies	agency	NOUN
cblr-2946	949	23	to	to	PART
cblr-2946	949	24	avoid	avoid	VERB
cblr-2946	949	25	overor	overor	NOUN
cblr-2946	949	26	under	under	NOUN
cblr-2946	949	27	-	-	PUNCT
cblr-2946	949	28	deterrence	deterrence	NOUN
cblr-2946	949	29	.	.	PUNCT
cblr-2946	950	1	the	the	DET
cblr-2946	950	2	hunt	hunt	NOUN
cblr-2946	950	3	proposal	proposal	NOUN
cblr-2946	950	4	may	may	AUX
cblr-2946	950	5	provide	provide	VERB
cblr-2946	950	6	a	a	DET
cblr-2946	950	7	solid	solid	ADJ
cblr-2946	950	8	foundation	foundation	NOUN
cblr-2946	950	9	for	for	ADP
cblr-2946	950	10	formulating	formulate	VERB
cblr-2946	950	11	a	a	DET
cblr-2946	950	12	regulatory	regulatory	ADJ
cblr-2946	950	13	response	response	NOUN
cblr-2946	950	14	.	.	PUNCT